Announcing an Exciting Future for Akcelerant

Announcing an Exciting
Future for Akcelerant

A letter from Jay Mossman,
Akcelerant’s Founder and CEO

I am pleased to personally announce that as of February 10th, Akcelerant has become a
wholly owned subsidiary of Temenos USA, Inc., a global market leader in providing software
to the financial services industry.

Here is why we have agreed to become a How will this impact Akcelerant customers
part of the Temenos organization... First and foremost, rest assured that as an
Akcelerant customer there is nothing that
When I founded Akcelerant, my goal was to will change on a day to day basis in your
empower financial institutions to di erentiate relationship with us. The executive team at
themselves in both the way they operate their Akcelerant remains intact and will continue
business and the way they serve their account to lead the company. My role will still be the
holders all through the use of technology. CEO of Akcelerant and now also the President
We are proud to have successfully made a of Temenos USA. I will continue to set the
significant impact within the credit union strategy and innovation road map for
and community bank space in the United Akcelerant just as I do today. Emily Steele
States with over 600 financial institutions will remain President and COO of Akcelerant
running Akcelerant products. Akcelerant and will be responsible for product delivery,
has become a brand the industry trusts and all professional services and day-to-day
associates with innovation, quality, integrity operations of the company.
and accountability.
Akcelerant and Temenos have been
I have always felt that with more resources, united by our common goals as well
we can take what we have done thus far as a mutual passion to innovate and
and accelerate it to provide a much larger evolve the financial technology
impact in the United States and perhaps landscape within the Americas and
globally; however, this would require the across the globe.
right partner with a successful track record,
similar culture and a like-minded set of I want to reiterate that all of Akcelerant’s
values. This partner is Temenos. After an dedicated employees are still available and
extensive evaluation of both companies ready to assist with any questions, concerns
and many months of strategic planning, we or needs. Just as always, the individuals you
are convinced that this joining of forces is have built relationships with over the years,
the right opportunity to align ourselves including Eric Snyder, Nancy Scheidt, Steve
with a global technology leader, and is an
e ective approach to take this company to
the next level.

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Castagna, your customer care representative, be the same. This similarity applies especially
your account manager and the rest of the to how both companies reinvest capital
Akcelerant team, remain dedicated to the back into the products at a rate much higher
unwavering commitment that Akcelerant than our peers. The combination of Akcelerant
has made to deliver quality products and and Temenos’ products will provide an
exceptional customer care. unprecedented value to the market; however,
While Akcelerant will continue normal I feel strongly that Akcelerant products
operations, we do see immediate opportunities should also remain independent so financial
to begin enhancing the company through institutions can continue to have the ability
additional product investing and services to work with a variety of best-of-breed
that can be o ered to the United States service providers.
market. Temenos has a rich library of products
which perfectly complement Akcelerant’s “With the advancements in technology and
product lines. the growth within the financial services sector,
Temenos prides itself on o ering products
Akcelerant and Temenos Together with a high level of investment and innovation
We have been pleased with how aligned to meet the regulatory and compliance
Akcelerant and Temenos are culturally and requirements of financial institutions, along
philosophically in both our values as well as with better serving the end customer.
our approach to technology. While Temenos Akcelerant will allow us to together increase
has deep market share globally, they have a our presence within North America while
strong desire to improve their market share also further strengthening the management
in the Americas, especially within the United team that leads this company in the US. We
States. Akcelerant will help achieve this goal are excited to welcome all of the Akcelerant
as we will be the largest revenue producer customers and sta to Temenos and we
for Temenos in this country. look forward to working together.”

- David Arnott, CEO of Temenos

Temenos is a software product company and A little about Temenos
was captivated by Akcelerant’s customer It is important for me to tell you a little about
foot print along with Akcelerant’s current Temenos and why we fit so well. Temenos is a
products in production and the strategic world leader in providing software to financial
product road map going forward. These institutions with more than 1,600 installations
were the reasons Temenos was driven and in over 150 countries. Temenos has 3,700
motivated to purchase Akcelerant. employees throughout 58 international
o ces and, in 2014, nearly $500 million
Temenos is confident with Akcelerant’s future dollars in revenue. These are extraordinary
and committed to its product roadmap. They resources to help Akcelerant grow!
believe strongly in continuing to invest in our
products. While Temenos has products for Closing Remarks
business intelligence, compliance, core I have been asked many times over the years
processing, wealth management and payments, if I would sell Akcelerant. My response has
Akcelerant’s product o erings are a perfect always been that we do not have a “for sale”
fit and will play a major role in the Temenos sign in the yard but would consider it if the
product strategy in the US going forward as situation made sense. We built a financially
they do not have this functionality today. strong company that allowed us to remain
independent and thus be very selective
Akcelerant has a reputation for forward- when choosing a partner.
thinking, leading-edge, innovation in
technology and we have found Temenos to

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For it to make sense it first needed to be I feel compelled to tell you all that it’s our
good for Akcelerant’s customers through privilege at Akcelerant to work with each of
the continued investment in our existing you every day. And now it’s my honor to be
products and the delivery of even more a part of a larger family who are as committed
products and services in the future. Second, to you as I am in helping you succeed as a
it needed to be good for the Akcelerant financial institution your account holders
sta where minimal changes had to be rely on.
made and additional resources would be All of us here at Akcelerant look forward to
needed for anticipated growth. Lastly it many more years to come and a rewarding
needed to be good for our investors. I am future with you (our customers) and with
proud to tell you all that Temenos met and Temenos.
exceeded all three of those areas. I believe Sincerely,
that the strength of two is better than the Jay Mossman
strength of one, and joining forces with
Temenos will provide unparalleled advantages
to our customers and to the industry.
Now, I know you have questions, and we are
more than willing to provide you with those
answers. To help facilitate that, Akcelerant
will be hosting three webinars during the
week of February 16th. We encourage
customers to register for whichever date
and time works best for them. Customers
will have an opportunity to hear more about
this exciting combination and submit questions
so that a member of the Akcelerant team
can address them during the webinar.

Join the Akcelerant team for a special customer Q & A webinar about this latest
announcement. Click a button below to register for a date that works best for you.

Tuesday, February 17th Wednesday, February 18th Thursday, February 19th
11-11:45a.m. EST 2-2:45p.m. EST 4-4:45p.m. EST

REGISTER REGISTER REGISTER

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