 "Capgemini Acquires Thesys Technologies")
Capgemini has acquired the India-based IT services company, Thesys Technologies Private Limited (“Thesys”), a Temenos-Certified Services Partner that provides banking implementation solutions to the global financial services industry.
Thesys Technologies, with more than 300 employees has significant experience in offering end-to-end Temenos services including implementation, training, testing, upgrades, product customisation, support and maintenance and runs a specialised service delivery platform for T24 - an advanced banking system, in addition to providing specialised tools supported by Thesys Solutions Centers.
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’ highly specialised 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.
“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,” said Tirunelveli Sivaramakrishnan Jeyaraman, CEO, Thesys.
“Capgemini’s global delivery from India is strengthened with the acquisition of Thesys as it enables us to create value for more than 700 existing Temenos clients as well as a large prospective client base. This acquisition reinforces Capgemini’s leadership position as a trusted business and technology solutions partner across banking services and wealth management market segments,” said Salil Parekh, Executive Chairman, Capgemini India."
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