BluePhoenix Teams with Temenos on Next International Banking Solution
BluePhoenix to Provide Platform to Enhance Temenos' Core Banking Solution for one of their clients MILAN, Italy & HERZLIA, Israel — February 2, 2006 — BluePhoenix Solutions (NASDAQ:
BPHX -
News), the leader in Enterprise IT Modernization, today announced that it has extended its strategic partnership with Temenos Group AG following their recent selection by an international financial services organization. Temenos Group AG (SWX: TEMN) is a provider of integrated core banking software and has been selected to build their financial client's new international banking platform.
"The extended agreement serves to strengthen our on-going relationship with BluePhoenix," said Andreas Andreades, CEO of Temenos. "BluePhoenix was crucial in helping us develop the solution of choice for large core banking applications. They demonstrated that they can provide the technology to support large-scale banking systems such as platform independent specification, rapid application enhancement and application performance. These systems are vital as the Tier-1 banks consider environments such as J2EE for the next generation of banking software."
"We are very pleased that Temenos has once again chosen to work with BluePhoenix," said Arik Kilman, CEO of BluePhoenix. "Their latest partnership with an international financial services organization not only reassures Temenos expertise, it also has significance for the financial industry at large, indicating that large banks are looking for modernization solutions and are ready to rebuild their legacy technology platforms."
The current version of Temenos TCB Core Banking system is being developed and maintained using the BluePhoenix™ AppBuilder Platform Independent development environment. The new version to be developed with the financial services organization will leverage the unique AppBuilder capability to generate code to multiple Platform Dependent Models, in this case J2EE.
BluePhoenix™ Nebula, an application change management and life-cycle control tool, will also be used in conjunction with AppBuilder in order to provide the necessary application build and release management capabilities needed by Temenos' financial client. These tools will allow them to manage their core system as well as specific local needs in the many countries in which the system will be deployed.
About Temenos
Founded in 1993, TEMENOS Group AG is a provider of integrated modular core banking systems to over 400 financial institutions in 110 countries worldwide. TEMENOS software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, TEMENOS knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project.
Headquartered in Geneva, Switzerland, the company has 39 offices in 31 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN).
www.temenos.com