Temenos
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2024: Shares collapse 28% in a day after company accused of 'revenue manipulation'
Temenos AG fell 28% on Feb. 15, 2024, after Hindenburg Research said it had taken a short stance on the Swiss banking software company.
Temenos is alleged to have "manipulated revenue" and found "major accounting irregularities." It adds that these violations were an "open secret" within the company.
2018: $2 billion purchase of Fidessa
In February 2018, Temenos announced the purchase of a British developer ON for financial sector Fidessa £1.4 billion (almost $2 billion at the exchange rate at the time of the announcement of the deal). More. here
2011: More than 1,000 customers in 120 countries
As of 2011, the company had 56 representative offices around the world. Temenos serves over 1,000 customers in over 120 countries.
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