New York, May 7, 2014
Capgemini America Inc., part of the Capgemini Group, one of the world’s foremost providers of consulting, technology and outsourcing services, announced it has signed a contract for the acquisition of Irving, Texas-based Strategic Systems & Products Corp. (SSP), a provider of solutions for the upstream oil and gas industry. The acquisition reaffirms Capgemini’s ongoing commitment to expand its capabilities and service offerings to support the oil and gas sector throughout North America. Capgemini provides extensive offerings for the midstream, downstream and oilfield services segments, and this acquisition complements that strength by adding a proven upstream capability to the company’s portfolio. The acquisition, whereby Capgemini will acquire a 100 percent stake in SSP, is expected to close shortly.
SSP specializes in solutions for upstream oil and gas companies, providing solutions for Production Revenue Accounting (PRA) and Joint Venture Accounting (JVA) specifically, which are required business processes for operations in North America. The acquisition of SSP aims at strengthening Capgemini’s broad solutions portfolio and leading position in the market. SSP’s proprietary READYUpstream solution complements Capgemini’s existing EnergyPath* solution for midstream, downstream and energy services companies. The integration intends to create better economies of scale and strengthen Capgemini’s position as an enterprise solution provider capable of handling the needs of customers across all oil and gas industry segments.
The intellectual property and services developed by Capgemini and SSP are built on a framework of industry leading practices. They are supported by a team of expert business consultants to provide seamless and accelerated enterprise solution implementations with a lower cost of ownership and are specifically designed to meet the highly complex requirements of oil and gas companies operating in North America. SSP is an SAP channel partner and has delivered a significant number of upstream oil and gas implementations of SAP® solutions in North America in the last five years. Over that same period, Capgemini, an SAP services partner, has also delivered many implementations of SAP solutions for oilfield services companies in North America.
Following the acquisition, SSP will operate under the Capgemini brand and SSP CEO Carlos Martinez will become a vice president at Capgemini North America.
“The upstream oil and gas industry is poised for continued growth and by integrating our capabilities with a proven systems integrator like Capgemini, we’ll be in lockstep and fully aligned with our clients as they capitalize on the opportunities that lie ahead,” said Carlos Martinez, CEO, SSP, who joins Capgemini. “We have built a strong relationship with Capgemini, having already partnered together in support of client initiatives in this market. We look forward to providing further value to our clients through the combined services and expertise we will be able to offer.”
“The North American oil and gas industry is experiencing significant growth due to advances in exploration and production technology,” said Rob McKay, Senior Vice President and Energy, Utilities and Chemicals Leader, Capgemini North America. “Companies in this space need access to enterprise solutions that are quickly deployable, scalable, and that solve the specific needs of the energy industry. With the SSP acquisition, we are strengthening our capability and position as the market leader in systems integration in the North American oil and gas sector. This is a key step in our ongoing strategic expansion in this industry and reflects our ambition to grow and provide additional value-added services to our clients as we work with select technology partners.”
With more than 130,000 people in over 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2013 global revenues of EUR 10.1 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business Experience™, and draws on Rightshore®, its worldwide delivery model.
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