The Hindu : Business : Capco to expand presence

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Tuesday, Sep 28, 2010
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Business

Capco to expand presence

S. Varadharajan

Committed to attract more talent in India

To focus on redesigning client's strategies
Operating unique global delivery model

CHENNAI: Capco, the global business and technology consultancy dedicated to the financial services industry, has plans to double its India presence. The company, which started its India operations five years ago out of Bangalore, has registered a significant growth, according to Peter Schurau, CEO, Capco Europe.

Mr. Schurao, who made his second visit to Bangalore with a delegation from Europe, said the company was committed to attract more talent in India and the strategy was to add 400 people in the near future to reach 800. Interacting with The Hindu, over telephone, Mr. Schurao said Capco had specialised in banking, capital markets, wealth and investment management, finance and technology. The strategy was to offer its clients consulting expertise, complex technology and package integration, and managed services.

Internationally, Capco was serving clients from offices in leading financial centres across North America and Europe.

The focus was to redesign clients' business strategies, operating models, IT strategies and architectures, Mr. Schurao said.

The company registered $100 million revenue in 2009 with 75 per cent from Europe and 25 per cent from North America. This year would see 60 per cent of its revenues coming from North America and 40 per cent from Europe, he said. The plan was to take the revenue $300 million by 2011, he said. The company's technology services included complex package integration, business process and content management and managed services.

Since the current financial services industry landscape demanded deep content expertise, delivery focus and global capability to provide end-to-end solutions, Capco was operating a unique global delivery model, Mr. Schurao said.

“Through our collaborative and efficient approach, we help our clients successfully increase revenue, manage risk and regulatory change, reduce costs and enhance control.” Mr. Schurao said.

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