Temenos also lowered its 2028 earnings before interest and taxes (EBIT) target to about $450 million, from $500 million previously, and lowered its free cash flow outlook to around $400 million from ...

Swiss banking software firm Temenos is to sell its fund administration software business, Multifonds, to Montagu Private ...

Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.

Ambienta-backed Officine Maccaferri has acquired Synteen Technical Fabrics, a geosynthetics developer and manufacturer for ...

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Temenos AG, the banking software company, announces it has signed an agreement to sell Multifonds, its fund administration ...

By 2028, Temenos expects ARR to exceed $1.2 billion, EBIT to reach $450 million, and free cash flow to grow to $400 million, reflecting compound annual growth rates of 13%, 10%, and 16%, respectively.

Temenos provided solid underlying guidance, forecasting 5-7% growth in Subscription and SaaS, at least 5% EBIT growth, and a minimum of 12% FCF growth. However, the guidance, when combined with the ...

(Reuters) -Banking software company Temenos on Tuesday lowered its full year 2028 targets to reflect the $400 million sale of its fund administration software business Multifonds, announced ...