M&A Deal Summary

Temenos Acquires Akcelerant Software

On February 10, 2015, Temenos acquired software company Akcelerant Software for 50M USD

Acquisition Highlights
  • This is Temenos’ 7th transaction in the Software sector.
  • This is Temenos’ 5th largest (disclosed) transaction.
  • This is Temenos’ 2nd transaction in the United States.
  • This is Temenos’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-02-10
Target Akcelerant Software
Sector Software
Buyer(s) Temenos
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Akcelerant Software

Malvern, Pennsylvania, United States
Akcelerant, a wholly owned subsidiary of Temenos USA Inc., and located in Malvern, Pennsylvania, provides financial institutions with innovative technology that improves relationships during every phase of an account’s life cycle including demand generation, origination, account servicing, risk management and analytics. Accelerant was formed in 2000 and is based in Malvern, Pennsylvania.

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Buyer(S) 1

Buyer

Temenos

Geneva, Switzerland
Category Company
Founded 1993
Sector Software
Employees6,565
Revenue 1.0B USD (2023)
DESCRIPTION

Temenos is a provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and other financial institutions. Headquartered in Geneva with more than 55 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 125 countries across the world. Temenos was founded in 1993 and is based in Geneva, Switzerland.

DEAL STATS #
Overall 8 of 12
Sector (Software) 7 of 9
Type (Add-on Acquisition) 8 of 12
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 TriNovus

Birmingham, Alabama, United States

TriNovus LLC is a software-as-a-service (SaaS) technology provider that develops and delivers compliance and core processing services to over 800 US financial institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-04 IGEFI Group s.à r.l.

Luxembourg, Luxembourg

Multifonds is a provider of fund accounting and transfer agency software for top-tier asset managers, hedge funds, and third-party administrators worldwide.

Buy €235M
Mergr

Product

Company

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