The one of the foremost providers of consulting the technology and outsourcing services is the Capgemini. They announces the acquisition of the German IT- Services company CS Consulting GmbH from the LRPC. Using the Groups’s net cash position the operation will be funded using the Group’s net cash position. The contract was already signed under the conditional approval by the relevant anti-trust authorities. The CS Consulting was founded in 1984 and it was a leading. In innovative IT consultancy that focusing on the German banking and insurace industry. The company has a strong history above the market average. In 2009 the generated revenuies of the Europe with an adjusted EBIT margin of 12.6%. The benefits from the highly experiences team of over 400 consultants. As well as the implementation of the business intelligence system, the CS Consulting specializes in the migration of core banking systems. The company’s client base consisting a large companies, this is mainly within the state banks and also the saving banks. This was being served for the multiple years. The Capgemini reinforces its footprint in a still growing and highly attractive market, as the upcoming transformation of banks will notably trigger high IT demands, by the integrating CS Consulting to its German operation. It also strengthens its position as a powerful partner for banks benefiting from CS Consulting’s recognized capabilities for big and complex application development and maintenance engagements. The CEO of CS consulting, Berndt Blumenthal said that, “Joining Capgemini will enable us to benefit from the experience of a truly international Group with a solid delivery network, and to offer promising perspectives to our employees. We will combine our strengths to serve German banks expansion and transformation.” Then Oliver Sevillia, Member of Capgemini Group Executive Committee, explains that the “The service portfolio and company culture of CS Consulting, which focuses on reliability of services, independence in terms of consulting and strong collaborative client approach, fit perfectly with Capgemini. With this step, we are giving a clear signal for the further growth of our business in Germany”, The information Technology is very important in the industry it helps to have the best among the rest. The business who have this information technology is rising immediately.
Reference:
http://www.capgemini.com/news-and-events/news/capgemini-acquires-german-itservices-provider-cs-consulting-gmbh/