Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, today announced its acquisition of Strategic Systems Solutions (SSS), a global IT services and business process outsourcing firm (BPO) focused on the financial services industry. This acquisition will improve Capgemini's capabilities and presence in the capital markets sector, while expanding its client base to comprise some of the largest and most recognized financial institutions in the world. In addition to strengthening its presence in the capital markets sector, this acquisition will provide Capgemini added strength in the Asia-Pacific region with IT and BPO platforms in China and the Philippines and will reinforce its presence in Singapore.
Founded in 1995 and headquartered in the United Kingdom, SSS is recognized in the capital markets sector and employs 670 professionals across the United Kingdom, United States, Singapore, China and the Philippines. Prior to the completion of this acquisition, Capgemini owned 49 percent of SSS, and now Capgemini will fully integrate SSS with its existing capital markets unit in the Financial Services Global Business Unit.
"Being part of Capgemini enhances our market position, as we'll now be able to leverage Capgemini's strength and brand recognition," said Owen Weeks, CEO of SSS. "Our clients will benefit from Capgemini's deep expertise in the sector, its global reach and its innovative technology solutions."
"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.
About Capgemini
Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working, the Collaborative Business ExperienceTM. The Group relies on its global delivery model called Rightshore®, which aims to get the right balance of the best talent from multiple locations, working as one team to create and deliver the optimum solution for clients. Present in more than 30 countries, Capgemini reported 2009 global revenues of EUR 8.4 billion and employs 90,000 people worldwide.
