Capco
{{Short description|Business consultancy company}}
{{Cleanup rewrite|date=December 2021}}
{{Use dmy dates|date=July 2020}}
{{Infobox company
| name = The Capital Markets Company (UK) Ltd.
| logo = Capco logo.svg
| industry = Management Consulting,
IT Consulting
| foundation = {{start date and age|1998}} in Belgium as The Capital Markets Company NV
| founder = Rob Heyvaert
| area_served = Worldwide
| key_people = Anne-Marie Rowland (CEO)
| num_employees = 6,500+
| parent = Wipro
| homepage = {{URL|https://www.capco.com}}
| location = London, England, UK
}}
Capco is a business and technology management consultancy, operating primarily in the financial services and energy sectors. Capco's operational headquarters are in London, England (approx. 1,500 consultants), with 32 offices across the Americas, Europe, and Asia Pacific. The company offers services primarily in banking,{{Cite web|date=2019-12-26|title=After leadership shake-up, what's next for Green Dot?|url=https://www.americanbanker.com/news/after-leadership-shake-up-whats-next-for-green-dot|access-date=2020-06-11|website=American Banker|language=en}} capital markets, wealth and investment management, insurance, finance, risk & compliance. It also has an energy consulting practice in the US.
History
Capco was founded in Belgium {{Cite web|date=2017-08-08|title=Private equity backed consultancy Capco returns to independence|url=https://www.consultancy.uk/news/13805/private-equity-backed-consultancy-capco-returns-to-independence|access-date=2021-04-21|website=www.consultancy.uk|language=en}} in 1998 by Rob Heyvaert {{Citation |title=15 Years - The Capco Story |url=https://vimeo.com/user13461251/review/146017036/d06eef5f81 |language=en |access-date=2023-01-24}} as 'The Capital Markets Company NV'. It had offices in Antwerp, London, Toronto, New York, Warsaw, and Frankfurt.{{Cite web|date=2020-03-16|title=Capco buys German digital consultancy Creative Construction|url=https://www.consultancy.eu/news/3970/capco-buys-german-digital-consultancy-creative-construction|access-date=2020-03-19|website=www.consultancy.eu|language=en}} In 2001, the company rebranded itself to Capco,{{Cite web|first=Joe|last=Panettieri|date=2021-03-04|title=WiPro Acquires Technology Consulting Giant Capco|url=https://www.channele2e.com/investors/mergers-acquisitions/wipro-buys-capco/|access-date=2021-04-21|website=ChannelE2E|language=en-US}} and the first issue of the Capco Journal of Financial Transformation was published by The Capco Institute.{{Cite news|title=Journal / The Capco Institute : journal of financial transformation|work=EconBiz|url=https://www.econbiz.de/Record/journal-the-capco-institute-journal-of-financial-transformation/10001937689|access-date=2021-04-21}}
In 2015, Rob Heyvaert left Capco with Lance Levy taking over as Capco CEO.{{Cite web|date=2018-07-06|title=The 10 best CEOs and Managing Partners in the consulting industry|url=https://www.consultancy.uk/news/17819/the-10-best-ceos-and-managing-partners-in-the-consulting-industry|access-date=2021-04-21|website=www.consultancy.uk|language=en}}
In 2010, Fidelity National Information Services (FIS) signed a deal with Symphony Technology Group to buy Capco for approximately $300 million.{{Cite web|date=2010-10-19|title=FIS agrees Capco acquisition|url=https://www.finextra.com/newsarticle/21913/fis-agrees-capco-acquisition|access-date=2020-06-11|website=Finextra Research|language=en}}
In 2017, FIS sold a majority stake in Capco to Clayton, Dubilier & Rice (CD&R), a private equity firm based in New York, making Capco an independent company again.{{Cite web|last=Zacks|first=Publisher|title=Fidelity National to Sell Majority Stake in Capco to CD&R|url=https://www.nasdaq.com/articles/fidelity-national-to-sell-majority-stake-in-capco-to-cdr-2017-05-24|access-date=2020-06-11|website=www.nasdaq.com|language=en}} FIS continues to retain a 40 percent equity interest in the company.{{Cite web|title=FIS to Sell Majority Interest in Capco Consulting Business to Clayton, Dubilier & Rice {{!}} Clayton Dubilier & Rice, LLC|url=https://www.cdr-inc.com/news/press-release/fis-sell-majority-interest-capco-consulting-business-clayton-dubilier-rice|access-date=2020-06-11|website=www.cdr-inc.com}}
On 4 March 2021, Wipro announced that it had acquired Capco for US$1.45 billion.{{cite web |title=Wipro to acquire UK-based IT consultancy Capco for $1.45 billion |url=https://economictimes.indiatimes.com/tech/information-tech/wipro-to-acquire-uk-based-it-consultancy-capco-for-1-45-billion/articleshow/81331160.cms |website=The Economic Times |access-date=4 March 2021}}{{Cite web|last=Taneja|first=Nidhi|date=2021-03-04|title=Wipro to buy Capco for $1.45 billion; biggest buyout to become 'bolder' company|url=https://www.indiatvnews.com/business/news-wipro-buying-capco-1-45-billion-biggest-buyout-bolder-company-688852|access-date=2021-03-05|website=www.indiatvnews.com|language=en}}{{Cite web|title=Wipro to buy Capco for $1.45 bln; biggest buyout to become 'bolder' company|url=https://www.freepressjournal.in/business/wipro-to-buy-capco-for-145-bln-biggest-buyout-to-become-bolder-company|access-date=2021-03-05|website=Free Press Journal|language=en}} The deal was completed on 29 April.{{Cite web|title=Wipro ups IT services revenue guidance to 8-10 per cent in June quarter|url=https://www.freepressjournal.in/business/wipro-to-buy-capco-for-145-bln-biggest-buyout-to-become-bolder-company|access-date=2021-05-04|website=The Indian Express|language=en}}
Acquisitions
- 2007 - British-based City Practitioners Limited for an undisclosed sum.{{Cite web |date=2007-07-11 |title=Capco acquires City Practitioners |url=https://www.finextra.com/newsarticle/17164/capco-acquires-city-practitioners |access-date=2020-06-11 |website=Finextra Research |language=en}}
- 2019 - Atom Solutions, a Houston-based IT firm.{{Cite web |last=Feser |first=Katherine |date=2019-10-30 |title=Capco bolsters Energy practice with Atom Solutions acquisition |url=https://www.chron.com/business/bizfeed/article/Capco-bolsters-Energy-practice-with-Atom-14571919.php |access-date=2020-06-11 |website=Houston Chronicle}}{{Cite web |date=2019-10-29 |title=Capco announces acquisition of Atom Solutions LLC |url=https://www.consulting.us/news/3167/capco-announces-acquisition-of-atom-solutions-llc |access-date=2020-08-21 |website=www.consulting.us |language=en}}{{Cite web |date=2019-10-25 |title=Capco Acquires ATOM Solutions LLC |url=https://www.businesswire.com/news/home/20191025005216/en/Capco-Acquires-ATOM-Solutions-LLC |access-date=2020-08-21 |website=www.businesswire.com |language=en}}
- 2020 - Creative Construction, a Germany-based digital consultancy.
References
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Category:2010 mergers and acquisitions
Category:1998 establishments in Belgium
Category:Companies based in London
Category:Consulting firms established in 1998
Category:Financial services companies established in 1998
Category:Financial services companies of the United Kingdom
Category:2021 mergers and acquisitions
Category:British subsidiaries of foreign companies
Category:Management consulting firms of the United Kingdom
Category:Information technology consulting firms of the United Kingdom
Category:International information technology consulting firms