Tag Archives: T24

Temenos’ 2012 Outlook, “Conditions still uncertain, but with a few brighter spots”

Temenos presented itself cautious for the fiscal year 2012. Sales are expected to be in the range of 450-500 million USD for the full year, according to a telephone conference on the outlook for the year 2012. Last year, the company achieved a turnover of 474 million USD, this would be the forecast for 2012…

Temenos and Misys agreed on an extension until 2 April

Misys plc (“Misys” or “the Company”) and Temenos Group AG (“Temenos”) extension to deadline in accordance with Rule 2.6(c) In accordance with Rule 2.4(c) of the Takeover Code (“the Code”), Temenos was required, pursuant to Rule 2.6(a) of the Code, by 5.00 p.m. on 6 March 2012 (the “relevant deadline”), to either announce a firm…

Barclays Capital Securities discloses deal on Temenos Group AG Shares

1. KEY INFORMATION (a) Name of exempt principal trader: Barclays Capital Securities Ltd (b) Name of offeror/offeree in relation to whose relevant securities this form relates:Use a separate form for each offeror/offeree TEMENOS GROUP AG (c) Name of the party to the offer with which exempt principal trader is connected: Advisor to Offeree (d) Date…

British authorities investigating deal between Misys and Temenos

British authorities treat deal between Misys and Temenos as a takeover by Swiss. City merger watchdog the Takeover Panel is also treating the substance of the deal as a takeover, the Daily Mail can reveal. The resulting firm, whether or not it is still called Temenos, will have a market value approaching £2bn – a…

The dices rolled: #Mysemenos will happen.

According to Reuters, Temenos and its UK competitor Misys said on Tuesday had agreed to a number of key terms on a possible all-share merger that could create one of the world’s largest standalone financial software companies. Few hours ago, a Tweeter announced that the major stakeholder of Misys agreed to the terms. The exchange…

Odyssey and Temenos integration: no magic bullet, but (most likely long and) hard work

A specialized financial publication from Geneva, AGEFI, quoted this morning a high executive from Temenos: “The integration has already begun. The strategy is already in place and a more detailed plan will be finalized by late October, the date of closing of the transaction. An interface is already available and the time before a first…

Temenos and Odyssey’s deal: analysis by an ex-insider

The over 100 USD m deal (81 cash paid by Temenos and 20m take over debt) was announced early morning by the press, and was extensively commented by the participants of the Financial Summit in Geneva. Many questions arise about the future synergies and evolution of Temenos. As I’ve worked over 6 years at Temenos…