Capco is a business and technology management consultancy owned by

Wipro Wipro Limited (formerly, Western India Palm Refined Oils Limited) is an Indian multinational corporation that provides information technology, consulting and business process services. Thierry Delaporte is serving as CEO and managing director ...

, operating primarily in the financial services and energy sectors. Capco's operational headquarters are in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, England, with 32 offices across the Americas, Europe, and

Asia Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Is ...

. The company offers services primarily in

banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to ...

, wealth and

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

, insurance, finance, risk & compliance. It also has an energy consulting practice in the US.

History

Capco was founded in Belgium as 'The Capital Markets Company NV', with offices in

Antwerp Antwerp (; nl, Antwerpen ; french: Anvers ; es, Amberes) is the largest city in Belgium by area at and the capital of Antwerp Province in the Flemish Region. With a population of 520,504,

, London, Toronto,

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, and

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its na ...

. In 2001, the company rebranded itself to Capco, and the first issue of the Capco Journal of Financial Transformation was published by The Capco Institute. In 2015,

Rob Heyvaert Rob Heyvaert is the managing partner of Motive Partners, an investment firm focused on technology companies in the financial services industry based in New York, US and London, UK and former CEO & founder of the Capital Markets Company (Capco). ...

left Capco with Lance Levy taking over as Capco CEO. In 2010,

Fidelity National Information Services Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 202 ...

(FIS) signed a deal with

Symphony Technology Group Symphony Technology Group (STG) is an American private equity firm based in Menlo Park, California. Its Chairman and CEO is Dr. Romesh Wadhwani, who founded the firm in 2002. Investments The company has investments in the following companies: ...

to buy Capco for approximately $300 million. In 2017, FIS sold a majority stake in Capco to

Clayton, Dubilier & Rice Clayton, Dubilier & Rice is an American private equity company. It is one of the oldest private equity investment firms in the world. Founded in 1978, CD&R has managed the investment of more than $30 billion in approximately 90 businesses, repre ...

(CD&R), a private equity firm based in New York, making Capco an independent company again. FIS continues to retain a 40 percent equity interest in the company. On 4 March 2021,

announced that it had acquired Capco for US$1.45 billion. The deal was completed on 29 April.

Acquisitions

* 2007 - British-based City Practitioners Limited for an undisclosed sum. * 2019 - Atom Solutions, a

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

-based IT firm. * 2020 - Creative Construction, a Germany-based digital consultancy .

References

{{Authority control FIS (company) Wipro 2010 mergers and acquisitions 1998 establishments in Belgium Companies based in London Consulting firms established in 1998 Financial services companies established in 1998 Financial services companies of the United Kingdom 2021 mergers and acquisitions British subsidiaries of foreign companies Management consulting firms of the United Kingdom Information technology consulting firms of the United Kingdom International information technology consulting firms International management consulting firms