Banking software company Temenos sells business in $400 mln deal
06/02/2025 05:50
ZURICH, Feb 6 (Reuters) - Banking software company
Temenos TEMN.S on Thursday said it will sell Multifonds, its
fund administration software business, to Montagu Private Equity
in a deal that valued the business at $400 million.
Swiss-based Temenos said the deal, which is expected to be
completed in the second quarter of 2025, was part of its plan to
simplify its product portfolio and achieve above-market growth.
(Reporting by John Revill, Editing by Miranda Murray)
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Messaging: john.revill.thomsonreuters.com@reuters.net))