Capgemini Bid to Help Financial Sector
By CXOtoday Staff
Mumbai, May 21, 2008

Capgemini, an IT consultant and technology and outsourcing services provider, has come to an asset purchase agreement with Advantage Consulting Group, a specialist in data conversion for the insurance industry. Capgemini hopes to be able to offer financial services clients a more robust suite of flexible, low-risk, and cost-effective conversion solutions for consolidating and implementing new IT systems.

"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," said John Barr, vice president and leader (life, health, and annuity) at Capgemini, "This niche service will be delivered by our 25 person team 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."

"Consolidating and implementing new IT systems can be one of the most expensive and risky projects for any type of business," said Richard Knutson of Advantage Consulting Group, Inc. "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."

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