The new alliance combines Capgemini's vast financial services domain expertise in systems integration and management consulting with Temenos' award winning products, methodologies and tools to provide existing and prospective clients with a comprehensive global delivery platform.

The alliance allows Temenos to leverage Capgemini's industry leading data migration, testing and project management expertise to support Temenos' existing client base of more than 1,000 financial institutions around the world. The relationship will also utilize Capgemini's global infrastructure capabilities to benefit new Temenos clients through local market insight, domain knowledge and consistent and comprehensive services for Temenos implementations.

This alliance builds on a long-standing, successful relationship between the two companies and provides additional sales opportunities for Temenos and Capgemini. Over the next three years, Temenos and Capgemini aim to have more than 300 Temenos subject matter experts operating out of Model Bank Centers of Excellence around the globe. The alliance helps clients to accelerate speed to market for new products, mitigate risk and achieve operational efficiencies.

"Globally, we are seeing an increasing demand for packaged core banking platforms as banks seek to acquire the efficiency gains, cost reductions and product delivery capabilities to fuel business growth," said Aiman Ezzat, Chief Executive Officer of Capgemini's Financial Services Global Business Unit. "Temenos is an internationally- acclaimed core banking software specialist with a significant installed base. This relationship gives clients confidence in a consistent methodology, implemented by Temenos specialists and certified Capgemini professionals. Working together, we will help to significantly mitigate project risk whilst delivering certainty and quality to clients."

"As a fast growing organization that has doubled in size over the past four yearss and is managing an increasing number of core banking implementations across the globe, Temenos is committed to significantly strengthening its partner programme to increase implementation and sales capability, and give clients access to the best possible skills and resources in the industry," said Andreas Andreades, Chief Executive Officer, Temenos. "Given Capgemini's global reach, rich domain expertise and international standing, this partnership is extremely important for Temenos as it helps us develop sales opportunities and offer clients superior business management and project delivery skills."