GENEVA (2/12/15)--In a deal involving two financial services software providers, Geneva-based Temenos has acquired Akcelerant, which is a provider for many U.S. credit unions.
Akcelerant's products allow financial institutions to grow new loans and accounts, control risk, and operate more efficiently and profitably, during in-branch or remote account holder experiences.
Akcelerant software provides assistance with origination, account servicing, risk management and collections. The Philadelphia-based company has has 130 employees.
The acquisition is key to Temenos' North American growth strategy, especially within the United States. It follows the 2013 acquisition of Trinovus, a software-as-a-service technology provider, and creation of the Temenos USA division. The purchase of
Akcelerant will also give Temenos additional scale and presence in the region and enable it to offer a broader portfolio of products to new and existing customers.