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Geneva-based core banking software provider Temenos has agreed to acquire Austin-based digital banking platform Kony for $559m. The acquisition enhances Temenos' scale and capabilities in the U.S.
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Kony has achieved rapid growth with both top tier and mid-market banks in the US and internationally with its Kony Digital Banking Experience product (Kony DBX), which is recognized as a leader by top analyst firms.
https://www.pehub.com/2019/08/temenos-to-buy-vc-backed-kony/
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