IIPM PUBLICATION
There are
creeping doubts in the minds of analysts worldwide, regarding whether India will be able to retain its competitiveness as an outsourcing destination. Capgemini, though would not count as one of the skeptics. The Francebased IT consulting firm announced its acquisition of US-based Kanbay International for $29 per share, which values Kanbay’s share capital at $1.25 billion on October 26, 2006. While this transaction results in operational synergies, it helps Capgemini achieve two very critical objectives – expansion of base in North America and India.
Capgemini CEO, Paul Hermelin (in the picture below) reiterated, “The acquisition of Kanbay, a world-class IT services provider, supports our growth strategy and significantly enhances our global Banking, Financial Services and Insurance practice, particularly in North America and India, where Kanbay has over 5,000 associates.” In India, the headcount for Capgemini glowould increase to 12,000, a rise of 89% over its stand-alone figures. Another key aspect for Capgemini is Kanbay’s strengths in financial services. In September this year, Capgemini also acquired HLL’s 51% shareholding in Unilever India Shared Services Limited (Indigo).
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
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There are
creeping doubts in the minds of analysts worldwide, regarding whether India will be able to retain its competitiveness as an outsourcing destination. Capgemini, though would not count as one of the skeptics. The Francebased IT consulting firm announced its acquisition of US-based Kanbay International for $29 per share, which values Kanbay’s share capital at $1.25 billion on October 26, 2006. While this transaction results in operational synergies, it helps Capgemini achieve two very critical objectives – expansion of base in North America and India.Capgemini CEO, Paul Hermelin (in the picture below) reiterated, “The acquisition of Kanbay, a world-class IT services provider, supports our growth strategy and significantly enhances our global Banking, Financial Services and Insurance practice, particularly in North America and India, where Kanbay has over 5,000 associates.” In India, the headcount for Capgemini glowould increase to 12,000, a rise of 89% over its stand-alone figures. Another key aspect for Capgemini is Kanbay’s strengths in financial services. In September this year, Capgemini also acquired HLL’s 51% shareholding in Unilever India Shared Services Limited (Indigo).
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
For More IIPM Article, Visit Below....
IIPM News
ABOUT IIPM
IIPM MANAGEMENT INSTITUTE
IIPM Students Life > Campus Placement
...IN FLESH AND BLOOD. THE GOD AND THE GODDESS, HERE...
IIPM Links
About IIPM > Mission
IIPM Students Life > Campus Resources
IIPM : WHAT’S SECURITISATION?
IIPM Academics > Faculty
IIPM Alliances
IIPM Academics : Global Outreach Program
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