Multifonds acquired by Temenos

Temenos finalizes the outright acquisition of the Luxembourg-based fund administration software provider Multifonds, completing the transaction for (entreprise value) to significantly expand its core banking product portfolio. Officially announced in March 2015, this definitive corporate transaction incorporates the target entity into the software vendor's specialized product suite, closely following the acquirer's previous purchase of the American software firm Akcelerant. The financing structure combines available cash reserves on balance sheet with newly issued corporate debt to execute the buyout. On financial performance expectations, the acquired business is projected to contribute in incremental turnover during the 2015 fiscal year, prompting the acquiring corporation to elevate its consolidated annual revenue guidance to a range between 528 million and 550 million dollars, representing an annual revenue growth trajectory between 18% and 23%. Strategically, the integration adds specialized fund administration platforms directly into the parent group's core banking modules, allowing the combined organization to capture cross-selling opportunities across mutual client networks and cross-border wealth management platforms. The post-acquisition operational roadmap incorporates a structured internal reorganization designed to integrate operational redundancies, streamline administrative functions, and extract organizational efficiencies across the merged Akcelerant and Multifonds units. From a leadership perspective, existing Chief Executive Officer Oded Weiss continues to run the target's day-to-day operations alongside the incumbent management team, while formally joining the senior executive leadership committee of the acquiring software corporation. This strategic trade sale deepens the parent group's exposure to institutional asset management and expands its client penetration across blue-chip banking conglomerates, reinforcing its position as a global full-suite technology partner to tier-one global financial institutions.