Capgemini acquires Strategic Systems Solutions

New Delhi: Capgemini has announced to acquire Strategic Systems Solutions (SSS), a global IT services and business process outsourcing firm (BPO) focused on the financial services industry. According to the company release, the 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.
"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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