Temenos caught in Hindenburg’s web, accounting woes surface

TLDR:

• Short-seller Hindenburg Research accuses Temenos AG of financial mishandling, poor product quality, and insider selling.
• Hindenburg accuses Temenos of engaging in “roundtripping schemes” and exaggerating its R&D spend.
• Customer dissatisfaction with Temenos’ products and insider selling of company stock are also highlighted in the report.

Infamous short-selling institution Hindenburg Research has targeted enterprise software firm Temenos AG, accusing the Swiss group of financial mishandling, poor product quality, and insider selling. Hindenburg accused the group of engaging in “roundtripping schemes” and exaggerating its R&D spend. Customer dissatisfaction with Temenos’ products and insider selling of company stock were also highlighted.