Teciem launches with a mission to grow and innovate across its proven portfolio of treasury and capital markets software solutions, putting customers' evolving needs at the centre of everything it builds and delivers. The Apax Funds are committing to support the new company following the completion of the purchase of Finastra's Treasury and Capital Markets division. The investment will allow Teciem to deepen its focus on product development while growing and nurturing expert talent across the business.

Headquartered in London, Teciem is led by Wissam Khoury in the role of Chief Executive Officer. Khoury brings 25 years of experience in building teams and delivering transformative results in financial technology. Over the past four years, as EVP of Finastra's TCM business unit, he has built a strong leadership team and set a clear path for Teciem's successful launch as a standalone company. The entire team of 1,300 experts, including all senior leaders, are moving to Teciem from Finastra, ensuring seamless continuity for customers across relationships and product and service delivery.  

"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," said Wissam Khoury, CEO, Teciem. "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."

"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," said Gabriele Cipparone, Partner at Apax. "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."