Capgemini to launch improved data conversion solutions

by Editor 5/23/2008 4:20:00 PM

Capgemini, one of the world's leading technology, consulting and outsourcing services providers, has announced an asset purchase agreement with Advantage Consulting Group, a professional services company founded in 1995 that specializes in software installations, software data conversions and enhancements and provides services mainly in the healthy and insurance sector.


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The deal makes it possible for Capgemini to now offer a wider, improved range of cost-effective, low-risk conversion solutions to businesses in the finance sector. The enhanced data conversion solutions will help clients consolidate and implement new information technology systems.


“The deal with Advantage demonstrates Capgemini’s continues commitment to its financial services business. The addition of Advantage’s tools, senior staff and depth of experience will give us a clear differentiator in the sector that not only enhances our ability to service existing insurance clients, but also enables us to expand into other industries, including banking, capital markets and cards,” says Raymond Spencer, chief executive of Capgemini’s Financial Services Strategic Business Unit.

John Barr, vice-president of Capgemini’s Life, Health and Annuity Portfolio, adds: “With a toolset specifically designed for insurance data conversion, Advantage has become a leader in consolidating and migrating insurance policy data from legacy to new systems. This niche service will be delivered, building on the 25 member team joining us along with this transaction, through Capgemini’s Rightshore® capabilities — a global network of onsite, onshore, nearshore and offshore resources —  giving our clients the tools and services needed to effectively convert data.”

Advantage Consulting Group President and CEO Richard Knutson says: “Consolidating and implementing new IT systems can be one of the most expensive and risky projects for any type of business. Our conversion method, customized for each project, verifies that the correct data is properly loaded into new systems, enabling our clients to focus on their core business, without worrying about data loss.” 


To browse the latest job openings at Capgemini, please visit our job board.

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