Swiss banking software company Temenos says it will acquire Kony, an Austin-based mobile app development business, for $559M and an earn-out of $21M (Stephanie Condon/ZDNet)

Stephanie Condon / ZDNet:
Swiss banking software company Temenos says it will acquire Kony, an Austin-based mobile app development business, for $559M and an earn-out of $21M  —  The Switzerland-based banking software company is aiming to step up its presence in the US, where addressable market for digital front office banking software is $9 billion.