Thursday, June 17, 2010

Capgemini Buys Strategic Systems Solutions (Beatlemania?)

June 17, 2010

Lisa Chapman,

Capgemini is making deeper forays into Business Process Outsourcing. And what's interesting at this stage that its betting on a revival in the beleagured Finacial Services industry.

Capgemini is buying 51% of Strategic Systems Solutions (SSS), a global IT services and business process outsourcing firm (BPO), headquartered in Liverpool, UK, focused on the financial services industry, that it doesn't already own. By doing so, Capgemini is moving from the minority investor stage to the owner-operator stage. Interestingly, from Capgemini's 2009 annual report, we see that Strategic Systems Solutions was a 49% ownership investment of Capgemini USA, and not of the European companies.

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