Teciem launches today, following Finastra’s May 2025 announcement to sell its Treasury and Capital Markets (TCM) business unit to Apax Funds, an affiliate of venture capital firm Apax Partners.
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Teciem starts out with an existing client base of more than 340 financial institutions, including 70 of the world’s 100 largest banks.
Its software portfolio, comprising Kondor, Summit, Opics, Sophis, Fusion Risk and Fusion Invest, underpins treasury, capital markets, risk management, regulatory reporting and investment management operations.
These systems are widely deployed across global financial institutions and form part of the established infrastructure supporting their day‑to‑day activities.
Following the completion of Apax Funds’ purchase of Finastra’s TCM division, the new company will receive dedicated investment to support its operations.
Teciem plans to use this backing to focus on product development and to expand specialist talent across the organisation.
The new organisation has also appointed Wissam Khoury as CEO, and with his 25 years’ experience in financial technology and most recent role as EVP of Finastra’s TCM unit, is primed to lead the business as it spins out of Finastra.
All 1,300 employees, including the senior leadership team, will move from Finastra to Teciem, and offer continuity for customers across relationships, products and services.
Wissam Khoury, CEO, Teciem, says: “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,” Khoury adds.
The value of the transaction was not disclosed. However, in May 2025, the deal was estimated to be $2 billion, including debt.
