{"id":649484,"date":"2013-03-28T17:26:20","date_gmt":"2013-03-28T21:26:20","guid":{"rendered":"http:\/\/www.pehub.com\/?p=193740"},"modified":"2013-03-28T17:26:20","modified_gmt":"2013-03-28T21:26:20","slug":"trinovus-sells-to-temenos-advised-by-founders-investment-banking","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/649484","title":{"rendered":"TriNovus Sells to Temenos, Advised by Founders Investment Banking"},"content":{"rendered":"

TriNovus<\/strong>, a Birmingham, Ala.-based software-as-a-service company focused on compliance issues, has been acquired by banking software systems company Temenos<\/strong>. Founders Investment Banking<\/strong>, an M&A advisory firm based in Birmingham, acted as the exclusive adviser to TriNovus\u2019 shareholders.<\/p>\n

PRESS RELEASE:<\/strong><\/p>\n

Founders Investment Banking is pleased to announce that TriNovus LLC has been acquired by Temenos (SIX: TEMN), the leading provider of banking software to the financial services industry with clients in over 125 countries. <\/p>\n

Headquartered in Birmingham, Ala., TriNovus is a software-as-a-service (SaaS) technology provider guided by David Brasfield, a proven FinTech operator with more than 25 years of industry experience. TriNovus has developed deep relationships with its more than 800 community bank and credit union clients through unmatched customer service, innovative software solutions and a reputation as the authority in U.S. banking compliance. The combination of Temenos\u2019 best of breed core banking solutions, strong executive leadership and cutting edge technology with TriNovus\u2019 keen understanding of the U.S. banking environment, SaaS delivery and national customer base bolsters Temenos\u2019 position in the U.S. marketplace, while enhancing its overall product offering to the broader financial services industry. <\/p>\n

\u201cTemenos has a long and proud history of helping to rid the industry of legacy systems, giving financial institutions the tools to dramatically improve customer service, risk management, innovation and efficiency,\u201d said David Arnott, Temenos CEO. \u201cWe have been working with customers in the US since 1997 and have developed the right set of products, now enhanced and available on a SaaS basis with a much enlarged supporting team, to allow U.S. financial institutions to leapfrog their peers and capitalize on the transformation taking place in the market. I am delighted to welcome David Brasfield and his team to Temenos and look forward to working together.\u201d <\/p>\n

The Principals of Founders Investment Banking acted as the exclusive advisor to TriNovus\u2019 shareholders and worked in a registered capacity with M&A Securities Group, Inc. to advise on structuring the transaction. <\/p>\n

\u201cThe fit between TriNovus and Temenos is extraordinary,\u201d said Zane Tarence, managing director of Founders\u2019 Technology Practice. \u201cDavid is one of the best SaaS entrepreneurs that I have had the privilege to work with, and I commend him and his team for the incredible business they have built in such a short period of time. TriNovus will bring substantial value to Temenos\u2019 service offering and geographic distribution. Temenos will contribute its best of breed technology to TriNovus, which is backed by an unyielding commitment to R&D. We are excited to see this combined entity become one of the premier FinTech companies here in North America.\u201d <\/p>\n

\u201cWe are delighted to be joining forces with Temenos,\u201d said David Brasfield, TriNovus President & CEO. \u201cThe combination has huge advantages for our customers, who will have access to a broad portfolio of modern, cutting-edge and market-leading solutions and who will benefit from Temenos\u2019 commitment to industry-leading levels of R&D. What is more, the combination brings to the US market for the first time a credible and technologically advanced alternative to the large incumbent vendors. I am greatly looking forward to working with Temenos to shake up the US market and to realizing the significant market opportunity that exists.\u201d <\/p>\n

About TriNovus LLC
\nTriNovus, founded in 2009, is a Birmingham, Alabama-based company focused primarily on the provision of SaaS compliance solutions and core processing to financial institutions. In addition, the company also provides technology addressing social media monitoring, stress testing, vendor management, distressed assets, fraud, security and more. For more information, please visit www.trinovus.com. <\/p>\n

About Temenos Group AG
\nFounded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market-leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and other financial institutions. Headquartered in Geneva with more than 55 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 125 countries across the world. Temenos\u2019 products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos\u2019 expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2010, Temenos customers enjoyed on average a 30% higher return on assets, a 46% higher return on capital and an 8.5 percentage point lower cost\/income ratio than banks running legacy applications. For more information please visit www.temenos.com.<\/p>\n

About Founders Investment Banking, LLC
\nFounders Investment Banking is a merger and acquisition advisory firm based in Birmingham, Alabama. Its team’s proven expertise and process-based solutions help companies and business owners access capital and prepare for and execute liquidity events to achieve specific financial goals. The firm’s practice areas include a Technology Practice that serves clients operating nationwide in the software-as-a-service (Saas), Internet, and Digital Media sectors; a General Transaction Practice, which serves clients from a variety of industries located in the Deep South; and an Oil and Gas Services Practice focused on the U.S. oilfield services sector. In order to assist Founders Investment Banking with securities related transactions, including this transaction, certain Principals are registered investment banking agents of M&A Securities Group, Inc., member FINRA\/SiPC. M&A Securities Group and Founders are not affiliated entities. The testimonial presented herein does not guarantee future performance or success. For more information, visit www.foundersib.com. <\/p>\n

The post TriNovus Sells to Temenos, Advised by Founders Investment Banking<\/a> appeared first on peHUB<\/a>.<\/p>\n

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TriNovus, a Birmingham, Ala.-based software-as-a-service company focused on compliance issues, has been acquired by banking software systems company Temenos. Founders Investment Banking, an M&A advisory firm based in Birmingham, acted as the exclusive adviser to TriNovus\u2019 shareholders. PRESS RELEASE: Founders Investment Banking is pleased to announce that TriNovus LLC has been acquired by Temenos (SIX: […]<\/p>\n","protected":false},"author":7567,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-649484","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/649484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7567"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=649484"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/649484\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=649484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=649484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=649484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}