The acquisition of Thesys expands Capgemini’s global delivery capabilities for Temenos-enabled core banking front-to back-office solutions and product offerings – such as retail, corporate, universal, private wealth management, Islamic banking and microfinance – to financial institutions, and bolsters Capgemini’s position as a leading core banking and wealth management service provider. Thesys’ specialized service delivery infrastructure will expand the scope of Capgemini’s offerings in the Middle East, Asia-Pacific and Latin America and will strengthen its position in the packaged core banking platform market.

Its portfolio of services complements Capgemini’s vast financial services sector expertise in business and IT services and its industry leading data migration, testing and project management services. The acquisition of Thesys, to become part of Capgemini’s current offering, should provide Temenos’ current and prospective clients with the opportunity to significantly accelerate speed to market, mitigate risk and enhance operational efficiency.

Tirunelveli Sivaramakrishnan Jeyaraman, CEO of Thesys, said: “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."

Aiman Ezzat, Chief Executive Officer of Capgemini’s Financial ServicesGlobal Business Unit, said: “The acquisition of Thesys enables Capgemini to create value for more than 700 existing Temenos clients as well as a large prospective client base,” said Aiman Ezzat, Chief Executive Officer of Capgemini’s Financial ServicesGlobal Business Unit. “This acquisition helps ensure that Capgemini will maintain a leadership position as a trusted business and technology solutions partner in the retail banking and wealth management market segments.”