| NEW YORK, NY--(Marketwire - November 10, | | | | world. With the expansion of our Package |
| 2009) - Capco, the global provider of consulting | | | | Integration Group, Capco now delivers a highly |
| and managed services to the financial services | | | | robust level of dedicated IT resources to |
| industry, today announced it is transforming its | | | | businesses -- in every domain we serve -- as |
| Package Integration services to expand its scope | | | | they operate in an increasingly competitive global |
| and reach and to provide seamless global delivery | | | | marketplace. We are seeing a very positive |
| to financial organizations in North America, Europe | | | | response to our abilities to simplify the |
| and Asia. The Capco Package Integration Group | | | | complexities that our clients face in the financial |
| now offers a full suite of end-to-end solutions -- | | | | markets, which is Capco's sweet spot." |
| including package integration, software solutions, | | | | The Package Integration Group has approximately |
| IT consulting and managed services -- that are | | | | 300 dedicated professionals in North America and |
| being implemented hand-in-hand with Capco's | | | | Europe with extensive experience serving the |
| consulting professionals across all financial services | | | | world's top financial organizations; it has |
| domains. Within these domains, Capco has | | | | successfully completed more than 600 product |
| expertise in Capital Markets, Institutional & | | | | installations and has access to 3,000 developers in |
| Alternative Investment, Retail Financial Services, | | | | Bangalore, India, for upstream integration of third |
| Treasury, Corporate & Transaction Banking, | | | | party applications. The Group has deep expertise |
| Retail & Commercial Banking, Wealth | | | | in complex package environments, including |
| Management and Universal Banking. | | | | derivative and commodity markets, wealth |
| The Package Integration Group is seeing significant | | | | management and provides full life-cycle |
| demand from the world's leading financial | | | | management and support for specialist package |
| organizations -- including banks, asset managers, | | | | vendors including Murex, Advent Geneva, |
| hedge funds, brokerages, pension fund managers, | | | | OpenLink, Wall Street Systems and others. |
| and trading exchanges -- for managed services to | | | | The Package Integration Group is part of Capco's |
| reduce their total cost of technology ownership | | | | recently announced North America growth |
| by as much as 15%. And, as businesses reduce | | | | strategy to serve the needs of a broader range |
| staff, they are enlisting expert resources to | | | | of clients. The Group has leadership in each region |
| manage risk against loss of IP knowledge relative | | | | of the world, including North America, Central |
| to legacy integration and specialized product | | | | Europe and India, and offices in New York, |
| applications. | | | | Toronto, London, Paris, Frankfurt and Bangalore. |
| Capco Partner Roop Singh will lead the Package | | | | As the global leader of the Capco Package |
| Integration Group; he is also a member of | | | | Integration Group, Roop Singh brings more than |
| Capco's executive management team. Mr. Singh is | | | | 20 years of experience in financial services, |
| considered one of the technology industry's | | | | business management, sales & marketing |
| foremost thought leaders in package integration. | | | | and IT consulting. Mr. Singh joined Capco in June |
| "Post-crisis, organizations are addressing their | | | | 2009 from Wipro where he served as Head of |
| product management with an open mind towards | | | | Financial Services (Banking, Insurance and |
| buy versus build," said Capco Partner Roop Singh. | | | | Securities) across Europe and was responsible for |
| "Through clearly-defined, managed services they | | | | building Wipro's Systems Integration service line |
| aim to reduce technology costs while increasing | | | | globally. As a member of Wipro's Europe |
| productivity and rely on Capco to maintain the | | | | management team, Mr. Singh led the testing and |
| knowledge base of their product applications. This | | | | enabling practice for Wipro across Europe. Prior to |
| allows for their product and delivery quality to | | | | joining Wipro, Mr. Singh was CEO for SSI |
| remain consistent with their internal standards. | | | | Technologies providing near-shore and offshore |
| Additionally, we're seeing strong demand to 'future | | | | development capabilities to the global financial |
| proof' application architecture against emerging | | | | services markets. Throughout his career, Mr. Singh |
| technologies and enable clients to have the | | | | has held senior positions in Europe, APAC and the |
| upstream integration required so their technology | | | | U.S. for organizations such as Prudential, PA |
| is up to date with the market." | | | | Consulting Group, Software AG, Amadeus, Ardent |
| "Capco is at a tipping point in its history," said Rob | | | | & Informix. |
| Heyvaert, CEO, Capco. "As the most experienced | | | | Based on its heritage, Capco continues to |
| consulting and technology solutions provider to the | | | | differentiate itself through its service excellence |
| financial services industry, Capco is making | | | | and dedicated focus on the capital markets and |
| significant investments in talent and operations to | | | | financial services arenas. |
| meet our clients' needs in every region of the | | | | |