August 29 - 09:08
149D
Temenos acquires Kony in $559 million deal
Banking software firm Temenos has bought Kony for $559 million. Kony has built a leading SaaS product for digital banking which Temenos hopes will fuel growth in the United States. Temenos already has 500 major clients for its Temenos Infinity offering. Kony CEO Tom Hogan will join Temenos's Executive Committee and hold the position of President of Tenemos North America.
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