Teciem launched as a new standalone provider of treasury and capital markets software following Apax Funds’ acquisition of Finastra’s Treasury and Capital Markets (TCM) division. Backed by a significant investment commitment from Apax, Teciem said it will prioritize product development and innovation while expanding and supporting its specialist talent base.
Headquartered in London, Teciem begins operations with more than 340 financial institution customers, including 70 of the world’s top 100 banks. The company’s portfolio includes Kondor, Summit, Opics, Sophis, Fusion Risk, and Fusion Invest, which support treasury and capital markets workflows across trading lifecycle, risk management, regulatory compliance, and investment management.
Teciem will be led by CEO Wissam Khoury, who previously served as executive vice president of Finastra’s TCM business unit for the past four years. The company said the full TCM organization, including 1,300 employees and the senior leadership team, is transitioning from Finastra to Teciem to provide continuity across client relationships, product support, and service delivery.
The launch marks the completion of Finastra’s sale of its TCM business unit. Financial terms were not disclosed. Apax said it plans to support Teciem as it operates independently, invests in its product roadmap, and builds on its existing client relationships and global delivery capabilities.
KEY QUOTES
“As a standalone business dedicated to providing industry-leading treasury and capital markets software and services, Teciem is focused on delivering excellence and accelerating innovation across our product portfolio. With the backing of Apax and their deep expertise in supporting the growth of technology businesses, we’ll be investing further in product development and technology, delivering even greater value to our customers.”
Wissam Khoury, CEO, Teciem
“The closing of this transaction allows Teciem to progress with clarity, focus and independence. We look forward to supporting Wissam and the senior leadership team on the exciting journey ahead. Teciem’s market-leading software, deep customer relationships and strong global team puts it in an excellent position to invest in its product roadmap, continue supporting clients’ evolving needs, and build on the capabilities that have made it a trusted partner across treasury and capital markets.”
Gabriele Cipparone, Partner at Apax
