Temenos Takes Banks Into the Cloud With the Launch of T24 on Windows Azure

By Temenos, PRNE
Sunday, February 6, 2011

T24 first core banking system to go into production with clients on Windows Azure

GENEVA, February 7, 2011 - Temenos (SIX: TEMN), the global provider of banking software, today
announced the availability of TEMENOS T24 (T24) on the Microsoft Windows
Azure platform, making T24 the first core banking system to go into
production with customers on Azure. This technological development builds on
Temenos' experience of core systems applications in hosted environments and
will offer far reaching operational and financial gains to certain banking
markets across the globe.

The combination of T24 and the Windows Azure platform, including SQL
Azure, allows banks to remove the high data centre costs associated with
running a multi-application environment by moving these operations to a
consumption based pricing model. Banks will no longer need to expend time and
budget on provisioning and operating hardware resources, as running T24
natively on the Windows Azure platform enables them to scale resources
effectively and increase volume according to customer demand.

As part of this launch, Temenos has embarked on its first cloud migration
to move a network of 12 Mexican financial institutions from a traditional
hosted environment onto the Windows Azure platform. Five of these - Sofol
Tepeyac, Grupo Agrifin, Findeca, Soficam and C.Capital Global - are in the
first phase of migration, which is currently underway and is expected to be
completed by Q2 2011. The remaining seven will migrate later in 2011.

"We are excited to see a market leader like Temenos actively taking its
clients to cloud-based solutions on the Windows Azure platform. This will
provide a differentiating edge to banks, helping them lower costs, enhance
operations, and build new, mission-critical business opportunities with
flexibility and a rapid time to market," commented Karen Cone, general
manager, Worldwide Financial Services, Microsoft Corp. "This is a very
natural progression for Temenos, whose T24 platform and its architecture
offer a close fit to a cloud environment. It also enables the company to make
a quick and smooth transition of its existing outsourced clients into the

"Celent has noted that there is an increase in demand for outsourced core
banking systems in many geographies. Hosting T24 on Microsoft's Azure
platform gives financial institutions anywhere in the world the ability to
deploy the system on a per use basis. Giving customers this option opens up
entire new markets for both Azure and T24," commented Bart Narter, Senior
Vice President, Celent.

"We are extremely pleased to be taking T24 into the cloud - a move which
will offer an exciting future for specific banking markets and open up new
opportunities for Temenos. As a key strategic technology partner, we are
delighted to be leveraging our relationship with Microsoft, which not only
reinforces T24's close compatibility with Microsoft technologies to offer
banks a core platform that operates extremely effectively in the cloud, but
also highlights our dedicated investment to evolve T24 in response to market
and customer change," commented Andreas Andreades, chief executive officer,

About Temenos

Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN),
Temenos Group AG is a global provider of banking software systems in the
Retail, Corporate & Correspondent, Universal, Private, Islamic and
Microfinance & Community banking markets. Headquartered in Geneva with more
than 60 offices worldwide, Temenos serves over 1100 customers in more than
120 countries. Temenos' software products provide advanced technology and
rich functionality, incorporating best practice processes that leverage
Temenos' experience in over 600 implementations around the globe. Temenos'
advanced and automated implementation approach, provided by its strong Client
Services organisation, ensures efficient and low-risk core banking platform
migrations. Temenos is top of the IBS Sales League Table 2009; winner every
year since its launch of the Best Core Banking Product in Banking Technology
magazine's Readers' Choice Awards and ranks 26th in the American Banker top
100 FinTech companies Temenos customers are proven to be more profitable than
their peers: data from The Banker - top 1000 banks shows that Temenos'
customers enjoy a 54% higher return on assets, a 62% higher return on capital
and a cost/income ratio that is 7.2 points lower than non-Temenos customers.

For more information please visit www.temenos.com

Max Chuard, Temenos Director Corporate Finance & IR, Member of the Executive Board, +41-(0)-22-708-1157, mchuard at temenos.com, or Petra Shuttlewood, Temenos PR Manager, +44-(0)-207-423-3751, pshuttlewood at temenos.com, or Sarah Bowman, Associate Director, Investor Relations, +1-646-472-8069, Mobile, +1-646-752-5463, sbowman at temenos.com, all of Temenos; or Claire Barry, +44-(0)20-7710-8940, cbarry at hudsonsandler.com, or Lucy Clark, +44-(0)20-7710-8934, lclark at hudsonsandler.com , both of Hudson Sandler, for Temenos

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