Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced its acquisition of Strategic Systems Solutions (SSS), a global IT services and business process outsourcing firm (BPO) focused on the financial services industry.
This acquisition will improve Capgemini’s capabilities and presence in the capital markets sector, while expanding its client base to comprise some of the largest and most recognized financial institutions in the world. In addition to strengthening its 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.
Founded in 1995 and headquartered in the United Kingdom, SSS is recognized in the capital markets sector and employs 670 professionals across the United Kingdom, United States, Singapore, China and the Philippines.
Prior to the completion of this acquisition, Capgemini owned 49 percent of SSS, and now Capgemini will fully integrate SSS with its existing capital markets unit in the Financial Services Global Business Unit.
“Being part of Capgemini enhances our market position, as we’ll now be able to leverage Capgemini’s strength and brand recognition,” said Owen Weeks, CEO of SSS. “Our clients will benefit from Capgemini’s deep expertise in the sector, its global reach and its innovative technology solutions.”
“Joining forces with SSS expands Capgemini’s capital markets presence and capabilities on a global scale,” said Aiman Ezzat, Chief Executive Officer of Capgemini’s Financial Services Global Business Unit. “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.”