Capgemini, a France-based consulting, technology and outsourcing services provider, has acquired Strategic Systems Solutions (SSS), an IT services and BPO firm focused on the financial services industry.
Founded in 1995 and headquartered in the UK, SSS employs 670 professionals across the UK, US, Singapore, China and the Philippines.
Prior to the completion of this acquisition, Capgemini owned 49% of SSS, and now Capgemini will fully integrate SSS with its existing capital markets unit in the financial services global business unit.
In addition to strengthening Capgemini’s 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.
Owen Weeks, CEO of SSS, said: “Being part of Capgemini enhances our market position, as we’ll now be able to leverage Capgemini’s strength and brand recognition. Our clients will benefit from Capgemini’s deep expertise in the sector, its global reach and its innovative technology solutions.”
Aiman Ezzat, CEO of Capgemini’s financial services global business unit, said: “Joining forces with SSS expands Capgemini’s capital markets presence and capabilities on a global scale. It underscores an integrated approach to achieve a competitive position in the capital markets space, and will undoubtedly benefit both SSS clients and our clients in experiencing enhanced solutions and capabilities, both locally and globally.”