TMT
By 26 November, 2010

French IT services major Capgemini, has acquired the Chennai-based IT services company Thesys Technologies Pvt Ltd which will boost its presence in India. Thesys is a Temenos-Certified Services Partner that provides banking implementation solutions to the global financial services industry. The deal size was not disclosed.

Thesys Technologies has more than 300 employees and offers implementation, training, testing, upgrades, product customization, support and maintenance and runs a specialized service

delivery platform for T24.

The acquisition of Thesys will help $11.6 billion Capgemini expand its global delivery capabilities for Temenos-enabled core banking front-to back-office solutions and product offerings. It will also help expand

the scope of Capgemini’s offerings in the Middle East, Asia-Pacific and Latin America.

“Thesys has delivered the highest levels of Temenos implementation services for over a decade. Combining Thesys’s offerings with Capgemini’s global delivery model will create the industry-leading delivery platform of choice for Temenos-enabled core banking and wealth management implementation services,” said Tirunelveli Sivaramakrishnan Jeyaraman’ CEO of Thesys.

“Capgemini’s global delivery from India is strengthened with the acquisition of Thesys as it enables us to create value for more than 700 existing Temenos clients as well as a large prospective client

base. This acquisition reinforces Capgemini’s leadership position as a trusted business and technology solutions partner across banking services and wealth management market segments.” said Salil Parekh, Executive Chairman, Capgemini India.

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