SOURCE: Capco

Capco

March 23, 2010 11:20 ET

Capco Expands Scope of Its Package Integration Services to Meet Financial Organizations' Demand for End-to-End Managed Services

Industry Executive Roop Singh Is Appointed to Lead Group

NEW YORK, NY--(Marketwire - March 23, 2010) -  Capco, the global provider of consulting and managed services to the financial services industry, today announced it is transforming its Package Integration services to expand its scope and reach and to provide seamless global delivery to financial organizations in North America, Europe and Asia. The Capco Package Integration Group now offers a full suite of end-to-end solutions -- including package integration, software solutions, IT consulting and managed services -- that are being implemented hand-in-hand with Capco's consulting professionals across all financial services domains. Within these domains, Capco has expertise in Capital Markets, Institutional & Alternative Investment, Retail Financial Services, Treasury, Corporate & Transaction Banking, Retail & Commercial Banking, Wealth Management and Universal Banking.

The Package Integration Group is seeing significant demand from the world's leading financial organizations -- including banks, asset managers, hedge funds, brokerages, pension fund managers, and trading exchanges -- for managed services to reduce their total cost of technology ownership by as much as 15%. And, as businesses reduce staff, they are enlisting expert resources to manage risk against loss of IP knowledge relative to legacy integration and specialized product applications.

Capco Partner Roop Singh will lead the Package Integration Group; he is also a member of Capco's executive management team. Mr. Singh is considered one of the technology industry's foremost thought leaders in package integration.

"Post-crisis, organizations are addressing their product management with an open mind towards buy versus build," said Capco Partner Roop Singh. "Through clearly-defined, managed services they aim to reduce technology costs while increasing productivity and rely on Capco to maintain the knowledge base of their product applications. This allows for their product and delivery quality to remain consistent with their internal standards. Additionally, we're seeing strong demand to 'future proof' application architecture against emerging technologies and enable clients to have the upstream integration required so their technology is up to date with the market."

"Capco is at a tipping point in its history," said Rob Heyvaert, CEO, Capco. "As the most experienced consulting and technology solutions provider to the financial services industry, Capco is making significant investments in talent and operations to meet our clients' needs in every region of the world. With the expansion of our Package Integration Group, Capco now delivers a highly robust level of dedicated IT resources to businesses -- in every domain we serve -- as they operate in an increasingly competitive global marketplace. We are seeing a very positive response to our abilities to simplify the complexities that our clients face in the financial markets, which is Capco's sweet spot."

The Package Integration Group has approximately 300 dedicated professionals in North America and Europe with extensive experience serving the world's top financial organizations; it has successfully completed more than 600 product installations and has access to 3,000 developers in Bangalore, India, for upstream integration of third party applications. The Group has deep expertise in complex package environments, including derivative and commodity markets, wealth management and provides full life-cycle management and support for specialist package vendors including Murex, Advent Geneva, OpenLink, Wall Street Systems and others.

The Package Integration Group is part of Capco's recently announced North America growth strategy to serve the needs of a broader range of clients. The Group has leadership in each region of the world, including North America, Central Europe and India, and offices in New York, Toronto, London, Paris, Frankfurt and Bangalore.

As the global leader of the Capco Package Integration Group, Roop Singh brings more than 20 years of experience in financial services, business management, sales & marketing and IT consulting. Mr. Singh joined Capco in June 2009 from Wipro where he served as Head of Financial Services (Banking, Insurance and Securities) across Europe and was responsible for building Wipro's Systems Integration service line globally. As a member of Wipro's Europe management team, Mr. Singh led the testing and enabling practice for Wipro across Europe. Prior to joining Wipro, Mr. Singh was CEO for SSI Technologies providing near-shore and offshore development capabilities to the global financial services markets. Throughout his career, Mr. Singh has held senior positions in Europe, APAC and the U.S. for organizations such as Prudential, PA Consulting Group, Software AG, Amadeus, Ardent & Informix.

Based on its heritage, Capco continues to differentiate itself through its service excellence and dedicated focus on the capital markets and financial services arenas.

About Capco
Capco is a leading global provider of integrated consulting, technology and transformation services dedicated solely to the financial services industry. Our professionals combine innovative thinking with our unrivalled first-hand industry knowledge to offer our clients consulting expertise, complex technology and package integration, and managed services to move their organizations forward. Through our collaborative and efficient approach, we help our clients successfully increase revenue, manage risk and regulatory change, reduce costs and enhance control. To learn more, contact us at + 1 212-284-8600 (+32 3 740 10 00 from outside the United States or Canada), or visit our Web site at www.capco.com.

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