Outsourcing and consulting firm Capgimini has announced two acquisitions on Thursday. It has acquired Bhubaneshwar, India based TCube Solutions, an IT solutions firm specialising in insurance and financial services.
This acquisition, Capgimini says, will help the consulting firm strengthen its positions in the insurance and financial services sector, particularly in north America.
No finance details about the acquisition or transaction was publicly shared by the firm.
“TCube Solutions prides itself on its deep domain expertise and the longevity of our customer relationships,” said Sam McGuckin, President and CEO of TCube Solutions, who joins Capgemini. “Our joining Capgemini will enable its broader customer base to benefit from our established solutions and services, as well as provide TCube’s current customers the means to plan their transformational futures.”
TCube Solutions specializes in Property and Casualty (P&C) insurance software and services. Its offerings include integrated policy management, billing, claims operations, reinsurance management systems and data strategy capabilities. It is the largest independent service provider specializing in Duck Creek Technologies.
“We have worked hard to build a strong team with key skills and expertise that are in great demand in today’s fast moving insurance market,” explains Sabyasachi Patnaik, Delivery Lead, TCube Solutions, who joins Capgemini. “As part of Capgemini we are looking forward to helping a much wider base of clients build more agile insurance services to enhance their customer experiences.”
In a similar development, Capgemini has acquired Palo Alto, US based digital design firm Idean. The transactions details are, however, not known.
Acquisition of Idean, Capgemini says, will reinforce the Group’s user-centered and digital-first experience design and strategy services, particularly in North America, and extend its network of Digital studios; helping to meet growing customer demand for the Group’s end to end digital services.
“Idean’s Scandinavian design ethos and Silicon Valley mindset are a perfect fit to further enhance Capgemini’s progressive digital customer experience offerings,” said Capgemini CEO Hermmelin.