About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Temenos in Talks to Acquire Fidessa

Subscribe to our newsletter

Temenos is in advanced discussions with Fidessa about a bid that could see the Swiss-based provider of banking software acquire the UK-listed provider of trading, investment and information solutions to capital markets participants. The proposed terms of the possible offer, an all cash offer for all ordinary shares, value Fidessa at about £1.4 billion.

Temenos is known to have been looking to make a major acquisition and says it will issue a further statement when appropriate. If a firm offer is made for Fidessa, the company’s board intends to recommend its acceptance to shareholders.

While Fidessa yesterday reported positive financial results for 2017, showing revenue growth at constant currency rates up 4% on 2016 and profit before tax up 5%, the company is stuck in a slow equities market and a trading environment with declining numbers of traders. Recurring revenue in 2017 was 88% of total revenue.

For Temenos, the acquisition of Fidessa could take the company deeper into sell-side financial markets and help it expand its footprint in the US, although if and how the companies could be integrated is far from clear and could require a shift in strategy by Temenos. Recent results from Temenos show the company turning in 2017 revenue at about 1.5 times and profit at about 2.5-times that of Fidessa.

While the Temenos announcement about the possibility of a bid for Fidessa suggests discussions are close to closure, the company states: “There can be no certainty that any offer will ultimately be made for Fidessa.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Transforming Data Experiences in Quantitative Research and Trading

For quantitative researchers and quant trading teams at banking and capital markets firms, the ability to access, integrate, and share data is critical. Data and how teams collaborate with data underpins the ability to generate alpha, perform execution analyses, and provide a modern and differentiated client experience. However, for most banks, legacy technology stacks and...

BLOG

Man Group Partners with Bloomberg to Develop New DataFrame Database Product

Man Group, the technology-empowered global investment firm, has signed a multi-year open-source technology development and product integration agreement with Bloomberg, the financial information company, to build upon Man’s DataFrame database product, ArcticDB, and to integrate it into BQuant Bloomberg’s open source analytics platform. ArcticDB is a high-performance Python-native database, built in response to the challenges...

EVENT

FinCrime Tech Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its FinCrime Tech Briefing taking place in both London and New York this summer and focusing on RegTech for AML and Financial Crime Compliance.

GUIDE

MiFID II Handbook – Second Edition

With the compliance deadline for Markets in Financial Instruments Directive II (MiFID II) just over two months away, A-Team Group has updated its MiFID II handbook to bring you the latest details on the regulation’s compliance requirements. Version 2 of the handbook, commissioned by Thomson Reuters, also includes new sections covering data sourcing and data...