Capgemini announces formation of Financial Services Strategic Business Unit Group to Increase Focus on Training & Development in India

Capgemini announces formation of Financial Services Strategic Business Unit Group to Increase Focus on Training & Development in India

Mumbai, May 23, 2007: Capgemini, one of the world’s leaders in Consulting, Technology and Outsourcing services today announced the formation of its Financial Services Strategic Business Unit (FS SBU). Evolving from the recent acquisition of Kanbay International Inc, the FS SBU is a significant contribution to Capgemini’s expanding footprint in India.

Commenting on the occasion, Salil Parekh, Executive Chairman for Capgemini in India, said, “The new FS SBU increases Capgemini’s global network of financial services professionals to 14,000 employees. The new unit will enhance Capgemini’s domain knowledge to be a leader in the financial services sector. This will create a global IT services firm with unparalleled expertise in the BFSI vertical, along with consulting and technology expertise”

“The new FS SBU organization has been designed to establish a scalable – model and help maintain a level of premier service to our customers at all times”, said Raymond Spencer, Head of FS SBU. “The new business unit will help us to expand our financial service offering across geographies and strengthen the financial services market position for Capgemini within North America and UK.”

The core elements of the global FS SBU operating model focus on Banking, Insurance, and Capital Market & Investment to further augment the existing Capgemini disciplines of consulting, technology and outsourcing services.

As part of the growth plan for the FS SBU, Capgemini will increase its investment in training and development of the professionals. As part of the growth plan, Capgemini has revamped its training and development centre based in Pune. The centre has a 152,000 square foot state-of-the-art training facility located within the FS SBU campus at Talwade, Pune. The Global Learning Centre (GLC) has been designed to meet all the training requirements for associates as well as provide an infrastructure for conducting programs for associates from all regions in India as well as around the world. The GLC is equipped to train up to a thousand associates at a time.

“Learning is central to our competitiveness”, said Aarti Gupta, Global Head, Learning and Culture, FS SBU. “We believe in holistic growth and development. We equip our professionals with superior technology skills, deep industry knowledge and excellent leadership capabilities. With the talent challenge the IT industry is facing, our leaning focus will facilitate in creating a large pool of mature professionals”

In addition to professional training, the GLC will also facilitate personal development and growth. Highlights of the GLC include 14 class rooms and labs, a 250-seat auditorium, an E-learning studio, a mini-theatre, a library, a Zen lounge for meditation, a kitchen for team building cook-outs, and a rappelling wall and other activities for outbound learning.

Capgemini acquired Kanbay at US$1.25 billion in February 2007. As a result of the acquisition, India has become the second largest country for Capgemini in terms of worldwide presence of its employees (14,000 of total headcount located in India). The organization enjoys presence in six main cities in India: Mumbai, Pune, Bangalore, Hyderabad, Kolkata and Chennai.

About Capgemini

Capgemini, one of the world’s foremost providers of Consulting, Technology and Outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working, which it calls the Collaborative Business Experience. Capgemini reported 2006 global revenues of EUR 7.7 billion and employs more than 75,000 people worldwide.

More information is available at www.capgemini.com