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| Capgemini buys UK-based company |
| BS Reporter / Mumbai Jun 18, 2010, 00:50 IST |
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Capgemini, the Paris-based information technology (IT) consulting, services and solutions provider, today announced that it had acquired all of UK-based Strategic Systems Solutions (SSS) to boost its presence in the capital markets sector and add new platforms in China and the Philippines.
Prior to the acquisition, Capgemini owned 49 per cent of SSS, and now it will fully integrate SSS with its capital markets unit. The acquisition will strengthen Capgemini’s presence in the capital markets sector and provide added strength in the Asia-Pacific region, with IT and BPO (business process outsourcing) platforms in the two countries.
It will reinforce its presence in Singapore. Capgemini has more than 23,300 employees in India. Founded in 1995 and headquartered in the United Kingdom (UK), SSS is recognised in the capital markets sector and employs 670 professionals across the UK, US, Singapore, China and the Philippines.
“The combination of SSS and Capgemini will strengthen our presence in the capital markets sector — a strategic growth area for Capgemini. The acquisition positions us competitively. The clients of SSS and Capgemini will benefit with the deep domain expertise and mature processes of both organisations in the financial services domain both globally and locally,” said Salil Parekh, CEO, financial services, India and Asia Pacific - Capgemini.
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