Temenos and Fidessa – Building a Full-Service Provider

The £1.4bn bid by Temenos for Fidessa opens up the capital markets sector which Temenos reckons to be spending some US$14bn on IT. Looking at 2017 revenues, Capital Markets revenue will account for 40% of the enlarged Group. Through this deal Temenos also substantially increases its presence in the US and builds its credentials in the delivery of cloud-based services. Potentially an inspired move.