Temenos AG announces the sale of its fund administration software business, Multifonds, to Montagu Private Equity for $400 million.Multifonds is a leading global provider of fund administration software, serving clients across multiple jurisdictions.Montagu will work with the Multifonds executive team to ensure a seamless transition and maintain high levels of customer service.The sale of Multifonds aligns with Temenos' strategic plan to drive above-market growth and simplify its product portfolio.