Temenos to buy VC-backed Kony
Summary
Thomas E. Hogan, Chairman and CEO of Kony, will become President of Temenos North America and join Temenos’ Executive Committee, effective on the acquisition closing date. Key to this success is Kony’s development platform that accelerates product cycles and increases agility by reducing the load on bank IT to design and iterate user experiences. Tom is an inspirational and seasoned leader with a rich experience in executive positions in the technology sector and will be instrumental in driving our success in North America. Thomas E. Hogan, Chairman and Chief Executive Officer, Kony, Inc., said: “I could not be more excited about joining Temenos and the combined value we will bring to financial institutions around the world. With a portfolio of modern, frictionless applications powered by the industry’s most recognized platform, Kony DBX enables banks and credit unions of any size to accelerate innovation — without compromising what’s critical.
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