(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 earlier in ...

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.

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Montagu is set to acquire Multifonds from its corporate parent, Tenemos. Multifonds, a provider of global fund accounting ...

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

Montagu, a leading private equity firm, has announced that it has agreed to acquire Multifonds in a carve-out transaction from its corporate parent, Temenos AG (“Temenos”). Founded in 1995, Multifonds ...

Montagu, a UK-based private equity firm, has agreed to acquire Multifonds in a carve-out transaction from its Swiss parent ...

Q4 2024 Management View CEO Jean-Pierre Brulard highlighted strong Q4 performance, with annual recurring revenue (ARR) growing 12% year-on-year and free cash flow increasing 25% during the quarter.

UPDATED. Montagu has agreed to acquire Temenos’ global fund accounting software business Multifonds in a carve-out transaction. The total enterprise value is around $400 million, including an earnout.

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 ...