By Narayan Ammachchi
Capgemini has landed a $35 million outsourcing services contract with U.S. chemical company Ferro Corporation. Under the agreement, the French outsourcing giant will help Ferro develop a global shared services model.
Through this model, Capgemini will deliver a broad range of BPO and IT outsourcing services to the U.S. firm, whose manufacturing footprint spans 26 countries.
The agreement is designed to help Ferro bolster business process efficiency and save $70 million in operational cost over the course of the next two years, the companies stated in a press release.
“Our integrated solution for Ferro leverages Capgemini’s Global Process Model approach for financial operations and is expected to drive best-in-class operating performance,” said Lanny Cohen, chief executive officer, Capgemini US LLC.
Analysts say the French company’s global delivery model and hosting services may increase agility and reduce costs across Ferro’s technology services.
With more than 125,000 people in 44 countries, Capgemini is one of the leading outsourcing service providers. The French company posted more than $13 billion in revenue last year.