Temenos Group AG operates in the Prepackaged software sector. Temenos Group AG is a Switzerland-based provider of integrated modular core banking systems. The Company serves over 1,000 financial institutions in more than 125 countries worldwide, active in the Retail, Corporate and Correspondent, Universal, Private Wealth Management, Islamic, Microfinance and Community banking sectors. It is active within the three areas Software Licensing, Maintenance and Services. The Company's software covers financial functions, such as deposit-taking, lending and Internet banking, and provides banks with an overview of clients across the enterprise, enabling them to maximize returns while streamlining costs. Its two core products are TEMENOS T24 (T24), an application providing server support to a high number of users, and TEMENOS COREBANKING (TCB), a scalable mainframe retail banking application, serving high-volume banks and bank outsourcing centers. As of December 31, 2009 the Company operated worldwide through its subsidiaries as well as 56 offices. In
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