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Capco is a business and technology management consultancy, operating primarily in the financial services and energy sectors. Capco's operational headquarters are in London, England (approx. 1,500 consultants), with 32 offices across the Americas, Europe, and Asia Pacific. The company offers services primarily in banking,[1] capital markets, wealth and investment management, insurance, finance, risk & compliance. It also has an energy consulting practice in the US.
 | |
| Industry | Management Consulting, IT Consulting |
|---|---|
| Founded | 1998 as The Capital Markets Company NV |
| Headquarters | London, England, UK |
Area served | Worldwide |
Key people | Anne-Marie Rowland (CEO) |
Number of employees | 6,500+ |
| Parent | Wipro |
| Website | www |
History
editCapco was founded in Belgium [2] in 1998 by Rob Heyvaert [3] as 'The Capital Markets Company NV'. It had offices in Antwerp, London, Toronto, New York, Warsaw, and Frankfurt.[4] In 2001, the company rebranded itself to Capco,[5] and the first issue of the Capco Journal of Financial Transformation was published by The Capco Institute.[6]
In 2015, Rob Heyvaert left Capco with Lance Levy taking over as Capco CEO.[7]
In 2010, Fidelity National Information Services (FIS) signed a deal with Symphony Technology Group to buy Capco for approximately $300 million.[8]
In 2017, FIS sold a majority stake in Capco to Clayton, Dubilier & Rice (CD&R), a private equity firm based in New York, making Capco an independent company again.[9] FIS continues to retain a 40 percent equity interest in the company.[10]
On 4 March 2021, Wipro announced that it had acquired Capco for US$1.45 billion.[11][12][13] The deal was completed on 29 April.[14]
Acquisitions
editReferences
edit- ^ "After leadership shake-up, what's next for Green Dot?". American Banker. 26 December 2019. Retrieved 11 June 2020.
- ^ "Private equity backed consultancy Capco returns to independence". www.consultancy.uk. 8 August 2017. Retrieved 21 April 2021.
- ^ 15 Years - The Capco Story, retrieved 24 January 2023
- ^ a b "Capco buys German digital consultancy Creative Construction". www.consultancy.eu. 16 March 2020. Retrieved 19 March 2020.
- ^ Panettieri, Joe (4 March 2021). "WiPro Acquires Technology Consulting Giant Capco". ChannelE2E. Retrieved 21 April 2021.
- ^ "Journal / The Capco Institute : journal of financial transformation". EconBiz. Retrieved 21 April 2021.
- ^ "The 10 best CEOs and Managing Partners in the consulting industry". www.consultancy.uk. 6 July 2018. Retrieved 21 April 2021.
- ^ "FIS agrees Capco acquisition". Finextra Research. 19 October 2010. Retrieved 11 June 2020.
- ^ Zacks, Publisher. "Fidelity National to Sell Majority Stake in Capco to CD&R". www.nasdaq.com. Retrieved 11 June 2020.
- ^ "FIS to Sell Majority Interest in Capco Consulting Business to Clayton, Dubilier & Rice | Clayton Dubilier & Rice, LLC". www.cdr-inc.com. Retrieved 11 June 2020.
- ^ "Wipro to acquire UK-based IT consultancy Capco for $1.45 billion". The Economic Times. Retrieved 4 March 2021.
- ^ Taneja, Nidhi (4 March 2021). "Wipro to buy Capco for $1.45 billion; biggest buyout to become 'bolder' company". www.indiatvnews.com. Retrieved 5 March 2021.
- ^ "Wipro to buy Capco for $1.45 bln; biggest buyout to become 'bolder' company". Free Press Journal. Retrieved 5 March 2021.
- ^ "Wipro ups IT services revenue guidance to 8-10 per cent in June quarter". The Indian Express. Retrieved 4 May 2021.
- ^ "Capco acquires City Practitioners". Finextra Research. 11 July 2007. Retrieved 11 June 2020.
- ^ Feser, Katherine (30 October 2019). "Capco bolsters Energy practice with Atom Solutions acquisition". Houston Chronicle. Retrieved 11 June 2020.
- ^ "Capco announces acquisition of Atom Solutions LLC". www.consulting.us. 29 October 2019. Retrieved 21 August 2020.
- ^ "Capco Acquires ATOM Solutions LLC". www.businesswire.com. 25 October 2019. Retrieved 21 August 2020.