Capco

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The Capital Markets Company (UK) Ltd.
IndustryManagement Consulting,
IT Consulting
Founded1998; 24 years ago (1998) as The Capital Markets Company NV
HeadquartersLondon, England, UK
Area served
Worldwide
Key people
Lance Levy (CEO)
Number of employees
6,500+
ParentWipro
Websitewww.capco.com

Capco is a business and technology management consultancy firm with a focus on financial services and a dedicated energy division. Capco's operational headquarters are in London, England, 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.

History[edit]

Capco was founded in Belgium [2] as 'The Capital Markets Company NV', with offices in Antwerp, London, New York, and Frankfurt.[3] In 2001, the company rebranded to Capco,[4] and the first issue of the Capco Journal of Financial Transformation was published by The Capco Institute.[5] In 2015, Rob Heyvaert left Capco with Lance Levy taking over as Capco CEO.[6]

In 2007, Capco acquired British-based City Practitioners Limited for an undisclosed sum.[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 40 percent equity interest in the company.[10]

In October 2019, Capco acquired Atom Solutions, a Houston-based IT firm.[11][12][13]

In March 2020, Capco acquired Germany-based digital consultancy Creative Construction.[14]

On 4 March 2021, Wipro announced that it had acquired Capco for US$1.45 billion.[15][16][17] The deal was completed on 29 April.[18]

References[edit]

  1. ^ "After leadership shake-up, what's next for Green Dot?". American Banker. 26 December 2019. Retrieved 11 June 2020.
  2. ^ "Private equity backed consultancy Capco returns to independence". www.consultancy.uk. 8 August 2017. Retrieved 21 April 2021.
  3. ^ "Capco buys German digital consultancy Creative Construction". www.consultancy.eu. 16 March 2020. Retrieved 19 March 2020.
  4. ^ Panettieri, Joe (4 March 2021). "WiPro Acquires Technology Consulting Giant Capco". ChannelE2E. Retrieved 21 April 2021.
  5. ^ "Journal / The Capco Institute : journal of financial transformation". EconBiz. Retrieved 21 April 2021.
  6. ^ "The 10 best CEOs and Managing Partners in the consulting industry". www.consultancy.uk. 6 July 2018. Retrieved 21 April 2021.
  7. ^ "Capco acquires City Practitioners". Finextra Research. 11 July 2007. Retrieved 11 June 2020.
  8. ^ "FIS agrees Capco acquisition". Finextra Research. 19 October 2010. Retrieved 11 June 2020.
  9. ^ Zacks, Publisher. "Fidelity National to Sell Majority Stake in Capco to CD&R". www.nasdaq.com. Retrieved 11 June 2020.
  10. ^ "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.
  11. ^ Feser, Katherine (30 October 2019). "Capco bolsters Energy practice with Atom Solutions acquisition". Houston Chronicle. Retrieved 11 June 2020.
  12. ^ "Capco announces acquisition of Atom Solutions LLC". www.consulting.us. 29 October 2019. Retrieved 21 August 2020.
  13. ^ "Capco Acquires ATOM Solutions LLC". www.businesswire.com. 25 October 2019. Retrieved 21 August 2020.
  14. ^ "Capco buys German digital consultancy Creative Construction". www.consultancy.eu. 16 March 2020. Retrieved 19 March 2020.
  15. ^ "Wipro to acquire UK-based IT consultancy Capco for $1.45 billion". The Economic Times. Retrieved 4 March 2021.
  16. ^ 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.
  17. ^ "Wipro to buy Capco for $1.45 bln; biggest buyout to become 'bolder' company". Free Press Journal. Retrieved 5 March 2021.
  18. ^ "Wipro ups IT services revenue guidance to 8-10 per cent in June quarter". The Indian Express. Retrieved 4 May 2021.