Temenos, the banking software company, and HCL Technologies announced the signing of an exclusive strategic agreement for non-financial services enterprises. As part of this agreement, HCL has been granted a license to develop, market and support Temenos multiexperience development platform (MXDP) for non-financial services enterprises. The agreement is exclusive for seven years. Temenos will continue its R&D investment in its industry-leading Temenos MXDP, and will support and service both Temenos financial services clients as well as existing non-financial services clients that are currently contracted with Temenos. This agreement with HCL provides our existing non-financial services clients with world-class technology and the highest-levels of services and support.

Temenos Quantum continues to be the technology foundation for Temenos Infinity, the most advanced omnichannel digital banking product. This agreement does not include Temenos Infinity.

This agreement provides Temenos with further enhanced visibility on profitability and cash flow and underlines the resilience of Temenos' business model. This strategic agreement has a positive impact on total software licensing and non-IFRS EBIT and is on average 1-2 % accretive to non-IFRS EPS p.a. for the duration of the exclusivity.