Temenos and CSC Announce Strategic Partnership

Geneva - 18 August 2010

Temenos (SIX: TEMN), the market leading provider of banking software, and CSC (NYSE: CSC), a leading global IT service provider today announced a strategic partnership agreement to enhance the delivery and service capabilities for Temenos core banking solutions in Germany, Austria and Switzerland. In partnership, Temenos and CSC will offer core banking solutions with a fast and cost-efficient implementation.

Kay Luhle, Regional Manager, Temenos comments: “CSC’s expertise and delivery skills in the German speaking market, combined with Temenos’ award winning products and local services infrastructure offers a strong proposition to the region. This partnership will build and support key components of our TEMENOS T24 (T24) German Model Bank platform which provides best practices and specific regulatory requirements for German speaking territories. Having CSC on board reaffirms Temenos’ commitment to working with trusted partners that provide local expertise and proven methodologies that complement our solutions and provide clear benefits our clients.“

Christian Steinebach, Vice President of Financial Services, CSC adds: “Banks are facing the challenge of replacing their legacy systems and are under increasing pressure to consolidate and provide cost effective means of managing their core banking systems. CSC has proven methodology with local expertise which alongside Temenos’ banking software will strengthen and solidify our presence in the market and provide financial service institutions with complete, end to end delivery”.

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