Temenos snaps up India’s hTrunk for greater big data
Temenos has signed an agreement to acquire Bangalore-based big data and analytics solutions provider hTrunk.
Financial details were not provided but Temenos says through the integration of hTrunk it will strengthen its analytics product in the banking space.
The vendor will get its hands on hTrunk’s data lake product, meaning it can “ingest, blend, store and process” both structured and unstructured data in real-time, to create analytically-driven banking applications.
In the near term, Temenos expects to see big data capabilities integrated directly into the Temenos T24 Transact and Temenos Infinity products.
Founded in 2015, hTrunk has 30 employees. There’s no word on what happens to them. The firm provides solutions, primarily to banking clients, including several T24 Transact customers.
According to its website, some of hTrunk’s customers include Arab Investment Bank, PR Savings Bank in the Philippines and Sunrise Bank in Nepal.
In other news, last week Temenos revealed it will get a new chief executive at the end of the month as David Arnott is “stepping down to spend more time with his new family and baby”.
Chief financial officer (CFO) and chief operating officer (COO) Max Chuard has been appointed as CEO to succeed him.