Narayan AmmachchiFrench IT/BPO giant Capgemini acquired two smaller rivals (Quantmetry in France and Quorsus in the United Kingdom) in quick succession in an apparent bid to bolster its digital transformation offerings.
Paris-based Quantmetry specializes in integrating data analytics and AI solutions, while Quorsus serves clients in capital markets, helping them comply with regulatory requirements.
Founded in 2011, Quantmetry employs less than 200 workers, with most of its clients operating in the manufacturing, energy, insurance and retail sectors.
đź“Ł Today @Capgemini announced the strategic acquisition of @Quantmetry enriching our AI and data consulting capabilities in France. We look forward to welcoming our new colleagues!
Read more in our press release https://t.co/rfFi6LZoHY pic.twitter.com/PymOpWoKkh— Capgemini Invent (@CapgeminiInvent) October 28, 2022
Quantmetry will soon be folded into Capgemini’s subsidiary Invent, whose main area of operations is digital transformation service.
“This new team will enable us to be even stronger in sustainability services, notably on our Data for Net Zero offering,” said Mathieu Dougados, Managing Director at Capgemini Invent in France. “A significant part of our business is already specifically in this area.”
This is the second addition for Invent this year after Capgemini acquired Rufus Leonard, a UK-based tech solutions vendor, in February.
Quorsus looks very small in comparison with Quantmetry, with operations being limited to the capital market.
“The acquisition of Quorsus brings to our team a set of in-demand specialist expertise to reinforce our capital markets services for financial institutions,” said Anirban Bose, CEO of Capgemini’s Financial Services Strategic Business Unit.
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