Capco is a British business and technology

management consultancy Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants ...

, operating primarily in the

financial service Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

s and energy sectors. Capco's operational headquarters are in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, England (approx. 1,500 consultants), with 32 offices across the Americas, Europe, and

Asia Pacific Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...

. The company offers services primarily in

banking A bank is a financial institution that accepts Deposit account, 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 m ...

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 t ...

, wealth and

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

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

History

Capco was founded in Belgium in 1998 by Rob Heyvaert as 'The Capital Markets Company NV'. It had offices in

Antwerp Antwerp (; ; ) is a City status in Belgium, city and a Municipalities of Belgium, municipality in the Flemish Region of Belgium. It is the capital and largest city of Antwerp Province, and the third-largest city in Belgium by area at , after ...

, London, Toronto,

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

, Warsaw, and

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

. 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 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. Annually, FIS ...

(FIS) signed a deal with

Symphony Technology Group STG Partners, LLC (STG) is an American private equity firm and based in Menlo Park, California. Its predecessor, Symphony Technology Group ("Symphony") was founded in 2002Dorbian, Iris (July 1, 2024) STG Rising: Hailing the Newcomer on the 100. ...

to buy Capco for approximately $300 million. In 2017, FIS sold a majority stake in Capco to Clayton, Dubilier & Rice (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,

Wipro Wipro Limited () is an Indian multinational technology company based in Bengaluru. It provides information technology, consulting and business process services. It is one of India's Big Six IT services companies. Wipro's services include cloud ...

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 List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

-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