About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Capgemini Acquisition of IGATE Adds Financial Services Customers, Revenue and Technologies

Subscribe to our newsletter

Capgemini is set to fulfil its long-term aim of building presence in North American markets through a $4 billion acquisition agreement with New Jersey based technology and services company IGATE. The deal is expected to close in the second half of this year and will make North America Capgemini’s largest region, representing 30% of estimated combined revenues of €12.5 billion in 2015.

The acquisition will also reinforce Capgemini’s financial services business as 42% of IGATE’s total revenues of $1.3 billion are generated from the sector. Financial services clients transitioning to Capgemini include Royal Bank of Canada. The enlarged company will also benefit from IGATE’s Data Management Services business, which is dedicated to the investment banking industry and is developing shared services based on the data utility model and built on Markit’s enterprise data management platform.

The acquisition adds 33,000 IGATE employees – some 75% are based in India – to Capgemini’s 145,000 and is expected to result in over 100,000 employees working in Capgemini’s Rightshore outsourcing and near-shore delivery centres. It will also add over 250 clients, cross selling opportunities and revenues that will promote Capgemini into the league of Indian technology players such as TCS and Infosys, but not into the premier league dominated by US headquartered Accenture.

Capgemini and IGATE forecast a smooth integration period, with a new organisation in place within three months of closing and integration of the companies expected to be complete within nine months. Paul Hermelin, long-standing chairman and CEO of Capgemini, said: “IGATE is a leading company that perfectly fits our strategic ambition. It will give us a new status on the American market and take our industrialisation journey further to offer ever more competitive services to our clients.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

Data Quality Posing Obstacles to AI Adoption and Other Processes, say Reports

The rush to build artificial intelligence applications has hit a wall of poor quality data and data complexity that’s hindering them from taking advantage of the technology. Those barriers are also preventing firms from upgrading other parts of their tech stacks. A slew of surveys and comments by researchers and vendors paint a picture of...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...