French software services company Capgemini has agreed to acquire LiquidHub, a digital customer engagement firm based in the US that counts Indian private equity firm ChrysCapital as an investor.
Capgemini will pay about 400 million euros (Rs 3,184 crore), or twice LiquidHub’s 2017 revenue, for the acquisition, the two companies said in a statement.
This acquisition will reinforce Capgemini’s digital consulting capabilities in North America and accelerates its portfolio shift in the region, the French company said.
Philadelphia-based LiquidHub was set up in 2000 and counts industry leaders among its clients, notably in the financial services, healthcare and life sciences sectors.
ChrysCapital had invested in LiquidHub in 2014, leading the company’s Series B funding round of $53 million. This was one of the PE firm’s biggest investments outside India.
Capgemini also has a large India presence. And in 2015, it had acquired US-based IGATE Corp for $4 billion. IGATE has a large chunk of its global operations based in India.