BWI: Capgemini Acquires Indian IT Services Firm Thesys Technologies

Press release from Business Wire India
Source: Capgemini India Private Limited
Friday, November 26, 2010 10:14 AM IST (04:44 AM GMT)
Editors: General: Consumer interest, People; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology; Technology
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Capgemini Acquires Indian IT Services Firm Thesys Technologies
Acquisition of Temenos-Certified Partner Strengthens Capgemini's Global Core Banking and Wealth Management Capabilities

Mumbai, Maharashtra, India and Paris, Friday, November 26, 2010 -- (Business Wire India) -- Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, today announced that it has acquired the India-based IT services company, Thesys Technologies Private Limited ("Thesys"), a Temenos-Certified Services Partner that provides banking implementation solutions to the global financial services industry.

Thesys Technologies, with more than 300 employees has significant experience in offering end-to-end Temenos services including implementation, training, testing, upgrades, product customization, support and maintenance and runs a specialized service delivery platform for T24 - an advanced banking system, in addition to providing specialized tools supported by Thesys Solutions Centers.

The acquisition of Thesys expands Capgemini's global delivery capabilities for Temenos-enabled core banking front-to back-office solutions and product offerings - such as retail, corporate, universal, private wealth management, Islamic banking and microfinance - to financial institutions, and bolsters Capgemini's position as a leading core banking and wealth management service provider. Thesys' highly specialized service delivery infrastructure will expand the scope of Capgemini's offerings in the Middle East, Asia-Pacific and Latin America and will strengthen its position in the packaged core banking platform market. Its portfolio of services complements Capgemini's vast financial services sector expertise in business and IT services and its industry leading data migration, testing and project management services. The acquisition of Thesys, to become part of Capgemini's current offering, should provide Temenos' current and prospective clients with the opportunity to significantly accelerate speed to market, mitigate risk and enhance operational efficiency.

"Thesys has delivered the highest levels of Temenos implementation services for over a decade. Combining Thesys's offerings with Capgemini's global delivery model will create the industry-leading delivery platform of choice for Temenos-enabled core banking and wealth management implementation services," said Tirunelveli Sivaramakrishnan Jeyaraman, CEO of Thesys.

"Capgemini's global delivery from India is strengthened with the acquisition of Thesys as it enables us to create value for more than 700 existing Temenos clients as well as a large prospective client base. This acquisition reinforces Capgemini's leadership position as a trusted business and technology solutions partner across banking services and wealth management market segments." said Salil Parekh, Executive Chairman, Capgemini India.

Andreas Andreades, Chief Executive Officer of Temenos added, "Given its global reach, rich domain expertise and international standing, the partnership with Capgemini is extremely important for Temenos and will help us offer our customers best-in-class business management and project delivery skills. Thesys has been an important, highly valued and trusted services partner of Temenos and has been providing qualified services for some time. Capgemini's acquisition of Thesys establishes an exceptionally strong global delivery infrastructure for Temenos and we look forward to working with Capgemini to develop this even further for the benefit of our customers, both existing and new."

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 ExperienceT. 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 35 countries, Capgemini reported 2009 global revenues of EUR 8.4 billion (approximately USD $11.6 billion) and employs over 100,000 people worldwide. More information is available at www.capgemini.com.

Rightshore® is a trademarks belonging to Capgemini.

About Capgemini Financial Services

Capgemini Financial Services brings deep industry experience, innovative service offerings and next generation global delivery to serve the financial services industry. With a network of 15,000 professionals serving over 900 clients worldwide, Capgemini collaborates with leading banks, insurers and capital market companies to create tangible value.

More information is available at . www.capgemini.com/financialservices

About Capgemini India

Capgemini in India is close to 30,000 people strong across 7 cities (Mumbai, Bangalore, Hyderabad, Kolkata, Chennai, Pune and Delhi). A pioneer in the IT industry, Capgemini has over 40 years of global expertise collaborating with leading corporations and now brings the Consulting, Technology and Outsourcing experience to India. With dedicated teams to service the local markets, Capgemini has strong domain experience to assist clients across the Government and Public Sector, Energy and Utilities, Manufacturing, Telecom and Financial Services sectors and help them advance in their respective industries. Please visit www.in.capgemini.com for more details.

Temenos Group AG, which is listed on the Swiss Stock Exchange (SIX: TEMN), is a leading global provider of banking software systems in the retail, corporate & correspondent, universal, private, Islamic and microfinance and community banking markets. With 59 offices worldwide it serves over 1100 customers in more than 120 countries. Temenos' software products provide technology and functionality, incorporating best practice processes that leverage Temenos' experience in over 600 implementations around the globe.



CONTACT DETAILS
Merrin Netto-John, Capgemini India Private Limited, +91 9820299325, merrin.netto-john@capgemini.com

KEYWORDS
CONSUMER, PEOPLE, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, TECHNOLOGY

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