NEW YORK and PARIS, Aug. 25, 2016 (GLOBE NEWSWIRE) -- Capgemini, a global leader in consulting, technology and outsourcing services, announced today that it has been recognized as a Leader and Star Performer in Everest Group’s IT Outsourcing in Global Banking – Service Provider Landscape with PEAK Matrix™ Assessment and Profiles Compendium 2016. Capgemini was recognized as a “Leader” for its market success, due to 15 percent revenue growth, and high marks for overall delivery capabilities in five key areas: buyer satisfaction, domain expertise and innovation, scale, scope and delivery footprint.
“The disruption in the banking industry driven by economic uncertainty, digitalization, and a changing regulatory landscape is forcing service providers to focus beyond traditional IT services,” said Jimit Arora, Partner, Everest Group. “Deep banking domain expertise, strong foothold in Europe, growth in North America, and enhanced delivery capabilities through the IGATE acquisition positioned Capgemini as a Leader and Star Performer on the 2016 Everest Group Banking AO PEAK MatrixTM.”
In its comparative assessment across 28 IT service providers for banking Applications Outsourcing (AO) relationships greater than 3 years, that are annuity based with a total contract value greater than $25 million, Everest Group named Capgemini one of five “2016 Banking AO Market Star Performers," based on year-on-year movement on the PEAK Matrix. Firms designated as Leaders in the report invested aggressively in developing solutions/tools, acquisitions and alliances and focused on automation, risk & regulatory compliance and digital (including cloud, mobility and analytics).
Capgemini was cited for its success in penetrating key North American accounts, strengthening capabilities in validation services, data analytics, offering bundled business processing outsourcing services AO, and expanding its offshore capabilities. Acquiring IGATE by which it added scale, additional domain expertise and brand visibility in North America also fueled Capgemini’s movement into the 2016 PEAK Matrix Leader quadrant.
Anirban Bose, Head of Global Banking and Capital Markets, Capgemini, said, “Recognition as a Leader by Everest Group’s PEAK Matrix represents a significant accomplishment in the banking marketplace and it encourages us to continue to continue to strive to provide forward-looking solutions in collaboration with our clients. Thanks to Everest Group for their research efforts and recognition, and to our clients for their trust in us as partners.”
Please find a full copy of the report here.
About Capgemini
With more than 180,000 people in over 40 countries, Capgemini is a global leader in consulting, technology and outsourcing services. The Group reported 2015 global revenues of EUR 11.9 billion. Together with its clients, Capgemini creates and delivers business, technology and digital solutions that fit their needs, enabling them to achieve innovation and competitiveness. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.
Serving two-thirds of the world’s largest financial services institutions, Capgemini’s Financial Services Unit helps banks, capital markets firms, and insurers meet today’s industry disruptions with innovative business and IT solutions which create tangible value. A team of 45,000 financial services professionals around the world collaborates across geographies, domains, and technologies to support its clients. Capgemini’s Financial Services Unit brings award-winning industry expertise, leading market insights and over 25 years of global delivery excellence to client engagements.
Learn more about us at www.capgemini.com and www.capgemini.com/financialservices.