Capgemini Enhances Digital Transformation with Syniti Acquisition
Deal News | Dec 03, 2024 | Globenewswire
Capgemini has completed the acquisition of Syniti, a firm specializing in enterprise data management services and software solutions, particularly those involving complex data migrations and the SAP ecosystem. This acquisition, finalized after regulatory approvals, boosts Capgemini’s ability to deliver data-driven digital transformation projects, especially large-scale SAP-related initiatives like migrations to SAP S/4HANA. The integration brings Syniti’s team of over 1,200 data experts into Capgemini, further strengthening the group’s data capabilities. Syniti is renowned for executing high-quality data management projects, serving industries such as life sciences, aerospace, defense, industrial, consumer products, retailing, and automotive, facilitating strategic data migrations and consolidations. Syniti's cloud platform, Syniti Knowledge Platform, supports breaking data silos and is offered as SAP Advanced Data Migration & Management. Capgemini, with over 340,000 employees globally and a turnover of €22.5 billion in 2023, is a significant player in driving digital and sustainable transformations for businesses around the world.
Sectors
- Information Technology and Services
- Enterprise Software
- Consulting
Geography
- France – Capgemini is headquartered in Paris, France, and plays a significant role in this acquisition.
- United States – Syniti operates extensively in North America, which is a major market for its services and the focus of this acquisition.
Industry
- Information Technology and Services – This industry is relevant as both Capgemini and Syniti are involved in digital transformation services and enterprise data management.
- Enterprise Software – Syniti provides enterprise-level software solutions for data management, which is a part of this industry.
- Consulting – Capgemini, as a consulting firm, provides strategy and IT consulting services integral to digital transformation.
Financials
- 22.5 billion euros – Capgemini's reported revenue for 2023.
Participants
Name | Role | Type | Description |
---|---|---|---|
Capgemini | Acquirer | Company | A global leader in consulting, technology services, and digital transformation. |
Syniti | Target Company | Company | A global organization specializing in data management solutions, including data migration and governance. |
Aiman Ezzat | CEO of Capgemini | Person | The chief executive officer of Capgemini, commenting on the strategic importance of the acquisition. |
Kevin Campbell | CEO of Syniti | Person | The chief executive officer of Syniti, expressed enthusiasm about joining Capgemini. |