Capgemini Acquired iGate!! -

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Capgemini Acquired iGate!!

In one of the biggest acquisitions, French IT company Capgemini is all set to acquire iGate for 4 billion dollars. iGate is a leading IT Services company with more than 30,000 employees and $1.2 billion revenues. With this acquisition, Capgemini is looking to give a tough competition to other IT Giants like IBM, Accenture and Convergys. 

This new combination will make Capgemini a true leader in IT services, consulting and outsourcing business with an estimated combined human resources of over 1,90,000, revenues of $12.5 billion and a combined operating margin of over 10%. Capgemini's CEO Paul Hermelin was happy to welcome the new talents and leaders to their group and is looking forward to share their convictions and professional culture.

iGate is already a leading service provider in financial sector and with this acquisition, all the existing banking & insurance clients of iGate will be adding to those of Capgemini. When asked about the acquisition, Ashok Vemuri was more than happy to respond. "We always strive for innovation and build industry solutions that enhance our value proposition. Capgemini will advance our abilities and provide more exciting opportunities for our employees to expand their capabilities & horizons," said Ashok Vemuri, iGate CEO. 

Capgemini is trying to concentrate more on North American market by offering more intellectual-property based solutions and platform based services with the help of iGate. The company sees North America as the most innovative and fast growing market and is expecting around 30% combined group revenue from the same region in 2015. By acquiring iGate, Capgemini wants to fill its existing gaps like: stronger US Enterprise clients, powerful presence in India and a deeper foothold in Financial sector!

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