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Wipro plans integration with Capco its biggest buy! Wipro s PMI team is looking effective integration with Capco, which it acquired for $1.45 billion Rukmini Rao | April 16, 2021 | Updated 13:11 IST When Wipro announced the acquisition of London-headquartered Capco, which provides digital, consulting and technology services in BFSI sector for $1.45 billion, analysts saw this as a positive provided the integration went on well. Wipro had earlier stated that the acquisition was an all-cash deal and was expected to be completed during the quarter ending June 30, 2021 subject to regulatory approvals. The company aims to achieve double digit growth in the range of 11-13 percent in FY22, which excludes revenues from the acquisitions. I fully realise the difference in size and in profile, but that s where the richness of the association will come, said Thierry Delaporte, CEO and Managing Director. ....
Earlier this month, Wipro said that it has signed a pact to buy Capco for $1.45 bn in cash, giving the much-needed firepower to bolster its position in the banking, financial services & insurance (BFSI) space. ....
WatersTechnology.com People Moves: Alpima, Santander UK, Tradeweb, SS&C, SmartStream, Numerix, and more A look at some of the key people moves from this week, including Karen Tierney (pictured), who joins Alpima as chief product officer. Alpima, a SaaS platform for investment management and product design, has appointed Karen Tierney as chief product officer. Tierney joins Alpima from DWS, where she was responsible for managing the 2020 Ibor transition initiative for the global alternatives businesses, and supporting environmental, social and governance regulatory initiatives for alternatives. Tierney previously held roles at the Royal Bank of Scotland as a program Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. ....
Firms/companies > W > Wipro Wipro to buy UK tech consultancy firm Capco for $1.45 billion 05 March 2021 Wipro Ltd has agreed to buy UK-based Capco, a technology consulting firm for banking and financial services industry, for $1.45 billion, as India’s third largest IT service provider looks to expand its customer base in Europe and Asia. London-headquartered Capco has, over the past 20 years, worked closely with business leaders, including boards and C-Suites in the banking, capital markets, wealth, asset management and insurance sectors and is widely acknowledged for its deep domain and consulting expertise, risk and regulatory offerings and thought leadership around key industry technology challenges and opportunities. In addition, Capco services clients in the energy and commodities trading sector. Its clients include many marquee names in the global financial services industry. ....
IBM, which recently set a new world record for tape storage, says a lot of its financial services clients use the medium for storage as its cheaper and safer ....