Davis Polk is advising Temenos AG on its $559 million acquisition of Kony Inc. and related debt financing arrangements. The transaction is subject to customary regulatory approvals.
Listed on the Swiss Stock Exchange since 2001, Temenos is a provider of core banking software and solutions to banks and other financial institutions worldwide. Headquartered in Geneva with 64 additional offices worldwide, Temenos software services more than 3,000 firms across the globe, including 41 of the top 50 banks. With 1,500 employees and deep expertise in digital and cloud technologies, U.S.-headquartered Kony helps banks transform the experience for their clients with digital banking applications and its market-leading development platform.
The Davis Polk corporate team includes partners Will Pearce, Oliver Smith and Evan Rosen and associates Michael Senders and Amanda Rae Schwarzenbart. Partner Nick Benham and counsel Aaron Ferner are providing finance advice. Partner William A. Curran is providing tax advice. Partner Frank J. Azzopardi is providing intellectual property and technology advice. Partner Kyoko Takahashi Lin, counsel Stephen I. Brecher and associate Thomas Lair are providing executive compensation advice. Members of the Davis Polk team are based in the New York and London offices.