Temenos to Acquire Canadian BI Software Company
Temenos, a provider of banking software, is acquiring Primisyn, a Canadian provider of business intelligence (BI) software for the financial services sector. Primisyn is a provider of BI and profitability solutions and services to the Canadian credit union (CU) market. Its Simplus Enterprise Suite is a modular BI solution designed and certified on the Microsoft platform.
Temenos will integrate Simplus into its existing BI solution, Insight, extending the product offering into customer analytics and enhancing the operational intelligence functionality. The acquisition of Primisyn will strengthen Temenos’ BI development team and reinforce its presence in the growing Canadian market.
Todd Winship, co-founder of Primisyn, said: “This is a very exciting event for Primisyn. Our product has enjoyed a broad acceptance and strong growth in the Canadian market, with seven of British Columbia’s top 20 credit unions as our customers. By uniting with Temenos we will contribute to a larger, very dynamic BI solution, to the benefit of our mutual and future customers.”