Capgemini Eyes New Market Verticals With Two New Acquisitions

The two new acquisition of Capgemini is a strategic approach towards new verticals like digital and financial services 

Capgemini

Capgemini announces two parallel acquisitions to tap the design and strategy and financial service portfolio. First up is Idean, which is a fast-growing digital strategy and experience design consultancy, headquartered in Palo Alto. The other is TCube Solutions, an Insurance IT services firm, an independent service provider specializing in Duck Creek Technologies.

Idean is known reinforce the Group’s user-centered and digital-first experience design and strategy services, particularly in North America. It will also extend its network of Digital studios; helping to meet growing customer demand for the Group’s end to end digital services.

Whereas TCube Solutions acquisition will pin Capgemini growth strategy and help transit its business portfolio across North America.

“The acquisition of Idean is part of the Group’s growth strategy focused on innovation and digital particularly in North America,” comments Paul Hermelin, Chairman and Chief Executive Officer, Capgemini Group. “Idean’s Scandinavian design ethos and Silicon Valley mindset are a perfect fit to further enhance Capgemini’s progressive digital customer experience offerings.”

Risto Lahdesmaki, CEO and Founder of Idean, who will join Capgemini, said, “Joining forces with Capgemini is extremely exciting and the logical next step of our journey. Idean clients will immediately benefit from an expanded and extensive portfolio of services for digital strategy and CX transformation, deep industry expertise in connected vehicles and IoT, and global end-to-end delivery. For our people, joining Capgemini will also open up new opportunities, from working on new clients and new projects with Capgemini teams, to expanded career prospects.”

Citing on TCube’s acquisition, Sam McGuckin, President and CEO of TCube Solutions, who joins Capgemini, said, “TCube Solutions prides itself on its deep domain expertise and the longevity of our customer relationships. Our joining Capgemini will enable its broader customer base to benefit from our established solutions and services, as well as provide TCube’s current customers the means to plan their transformational futures.”

“TCube Solutions’ growth trajectory and commitment to delivery makes it a natural fit for Capgemini,” said Thierry Delaporte, Group Executive Board Member, responsible for Financial Services at Capgemini. “Their market leading services and skill set in Duck Creek Technologies’ based offerings opens up new possibilities for Capgemini to address the needs of the insurance industry and our strategic client base worldwide. We are very pleased to welcome the TCube team and look forward to the positive impact of their deep industry experience and excellence in execution.”

Founded in Helsinki, Finland, in 1999, Idean focuses primarily on digital user experience (UX), customer experience (CX), and digital strategy.

Established in 2007, TCube Solutions has built a 300 strong team meeting the systems integration and customer experience needs of insurance clients in North America and the UK.

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