Capgemini Acquires Indian IT services firm Thesys Technologies


Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced that it has acquired the India-based IT services company, Thesys Technologies Private Limited (“Thesys”), a Temenos-Certified Services Partner* that provides banking implementation solutions to the global financial services industry.

Thesys Technologies, with more than 300 employees has significant experience in offering end-to-end Temenos services including implementation, training, testing, upgrades, product customization, support and maintenance and runs a specialized service delivery platform for T24 – an advanced banking system, in addition to providing specialized tools supported by Thesys Solutions Centers.

The acquisition of Thesys expands Capgemini’s global delivery capabilities for Temenos-enabled core banking front-to back-office solutions and product offerings – such as retail, corporate, universal, private wealth management, Islamic banking and microfinance – to financial institutions, and bolsters Capgemini’s position as a leading core banking and wealth management service provider. Thesys highly specialized service delivery infrastructure will expand the scope of Capgemini’s offerings in the Middle East, Asia-Pacific and Latin America and will strengthen its position in the packaged core banking platform market. Its portfolio of services complements Capgemini’s vast financial services sector expertise in business and IT services and its industry leading data migration, testing and project management services. The acquisition of Thesys, to become part of Capgemini’s current offering, should provide Temenos current and prospective clients with the opportunity to significantly accelerate speed to market, mitigate risk and enhance operational efficiency.

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