Capgemini and Kanbay Integration Is A Success

February 25, 2008

Capgemini and Kanbay Integration Is A Success

Leading Global Services Firm Celebrates One Year Anniversary of Strengthened Global Presence, Expanded Banking and Financial Service Offerings, and Increased Operational Efficiencies

NEW YORK--(BUSINESS WIRE)--Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, celebrates the one year anniversary of its successful integration with Kanbay International, Inc., formerly a global IT services firm focused on the financial services industry. Together, Capgemini and Kanbay, formed Capgemini’s Financial Services Strategic Business Unit (FS SBU), integrating operations in India, Europe, North America and Asia-Pacific.

“With the addition of thousands of committed professionals from Kanbay, we are better positioned to provide greater consistency and efficiency for financial services firms with global footprints,” said Paul Hermelin, CEO, Capgemini Group. “We have created a focused, financial services group with a single face and highly flexible and scaleable solutions that can not only support evolving business strategies, but also rapidly adapt to changing market conditions. We are pleased with the pace of the Kanbay integration into the Capgemini family.”

The integration process officially began in February 2007. In a rapid progression of events, the structure of Capgemini’s newly augmented financial services capabilities was unveiled in April and the integration was completed by year end.

“Together, we have deeper domain experience and strengthened global scope that enables us to deliver high-value solutions with tremendous efficiencies,” said Raymond Spencer, CEO, Capgemini FS SBU. “The formation of the FS SBU has enabled us to leverage our synergies and grow the business even further.”

With an enhanced ability to offer clients end-to-end solutions that address the full spectrum of financial services–client needs, the close of 2007 saw significant synergistic wins for the FS SBU.

“A key contributor to the success of the merger was total client focus of the leadership teams, powered by a disciplined project management approach with a well-planned change management program. By leveraging the combined relationships, expertise and experience of the current team, in 2007, we gained over thirty clients in several different continents,” added Spencer. “And as even further proof of the integration’s success, attrition returned to pre-acquisition levels within three months of the closing, with 80% of Kanbay’s leadership team still at the helm.”

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 Experience - and through a global delivery model called Rightshore®, which aims to offer the right resources in the right location at competitive cost. Present in 36 countries, Capgemini reported 2007 global revenues of EUR 8.7 billion (approximately US$12 billion) and employs over 83,000 people worldwide.

We bring deep industry experience, enhanced 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, we move businesses forward with leading services and best practices in banking, insurance, capital markets and investments. For more information please visit www.capgemini.com/financialservices.


Contacts
GCI Group for Capgemini
Rachel Alkon, 212-537-8021
ralkon@gcigroup.com