Through a partnership agreement, Temenos has made an investment in NuoDB, acquiring a minority stake in the company. Additionally, Temenos will strengthen its open strategy to work with all database vendors which are able to answer the demands of scale in the cloud.
The partnership will enable Temenos to ensure that the technology delivered for both Temenos SaaS solutions and Temenos cloud platform offer clients a number of advantages, including, better performance, better scalability, and better availability.
Max Chuard, Chief Operating & Financial Officer of Temenos, stated:

“We are continuously investing in the development of our leading digital banking platform and ensuring that our software is built for the cloud. This investment and partnership demonstrates our strong belief in NuoDB’s strategy and technologies for next generation cloud based technologies. Our partnership with NuoDB is strategic and strengthens our commitment to ensuring that our banking clients running Temenos software benefit from scale-out simplicity, elasticity and continuous availability and that they can ultimately maximize the benefits of their shift to the cloud.”

Bob Walmsley, Chief Executive Officer of NuoDB, commented:

“We are very excited to take our relationship with Temenos to a strategic level. NuoDB has spent the better part of a decade overcoming the inherent challenges that exist when building an enterprise-class, distributed SQL database that runs in the cloud while adhering to the standards that are required in a relational SQL database. This investment by Temenos and the technology partnership agreement we have in place will help deliver this technology to banks of all sizes across the globe.”