M&A Deal Summary

Temenos Acquires TriNovus

On March 22, 2013, Temenos acquired internet software and services company TriNovus

Acquisition Highlights
  • This is Temenos’ 1st transaction in the Internet Software and Services sector.
  • This is Temenos’ 1st transaction in the United States.
  • This is Temenos’ 1st transaction in Alabama.

M&A Deal Summary
Date 2013-03-22
Target TriNovus
Sector Internet Software and Services
Buyer(s) Temenos
Deal Type Add-on Acquisition
Advisor(s) Founders Advisors (Financial)

Target

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.

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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 7 of 12
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 7 of 12
State (Alabama) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-20 edge IPK

Hungerford, United Kingdom

edge IPK Ltd. is a provider of user experience platform (UXP) software to the financial services industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-10 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.

Buy $50M
Mergr

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