Paris, 1 June 2010 – Capgemini Financial Services, subsidiary of the Capgemini Group, one of the world’s foremost providers of consulting, technology and outsourcing services, has just acquired Plaisir Informatique, a French company specializing in complex data migrations in the Banking & Insurance, sector, a major stakeholder in IT transformation.
Located in Ruoms in France’s Ardèche region, Plaisir Informatique employs 30 people and, since its inception in 1983, has developed competencies and data migration software tools that are recognized as being among the best-performing in the market. It has enabled numerous banks and insurance companies to generate substantial gains in profitability in the framework of their IT transformation programs. The data migration market is currently evolving fast, due to the numerous mergers and acquisitions, and the partial or total renewals of applications platforms and IT convergence programs taking place.
A key player in the deployment of large IT transformation programs in the Banking & Insurance sector, Capgemini is planning on bringing its new data migration solution to the French Banking & Insurance market, as well as to other sectors such as Pensions and Industry. Capgemini will also leverage Plaisir Informatique’s know-how with the development of a center of expertise dedicated to data migration in India in order to serve other markets.
“Our company has been built around the IT systems merger strategy of our health insurance company clients,” states Emile Baux, founder of Plaisir Informatique. “Joining a global leader will enable us to fully leverage our know-how and our experience to target new sectors.”
“Following the work we carried out together in 2001, this acquisition perfectly fits in with our desire to accompany large financial institutions throughout the entire value chain,” adds Olivier Le Henaff, Executive Director of Capgemini Financial Services France.