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Capgemini to pick up WhiteSky
Posted on Thursday, 26 March 2020 07:55
Capgemini has signed off on a deal to buy Australia-based full-service consultancy WhiteSky Labs from MuleSoft for an undisclosed sum.
The transaction is scheduled to complete within the coming weeks, subject to the usual raft of closing conditions.
As a result of the acquisition, the target will be able to provide digital end-to-end transformation services at scale while addressing the needs of global enterprises.
Established in 2009, WhiteSky claims to be the largest specialist consultancy in the MuleSoft platform.
The group offers a range of consulting, managed and licensing services to customers across multiple sectors worldwide.
WhiteSky’s digital technology allows companies to create new product and revenue streams, which provide quick and easy access to their systems of record.
The group also helps clients modernise their legacy infrastructures and lower businesses’ total cost of ownership.
WhiteSky works with more than 40 existing MuleSoft customers, including Mynt, Blackmores and Qantas.
It has over 100 employees and operates offices in Sydney, Melbourne, Singapore and Hong Kong, among other locations.
Fernando Alvarez, chief strategy and development officer at Capgemini, said the transaction will allow clients in Australia and Asia to access data across legacy systems, cloud applications and devices.
He added the deal would also strengthen the company’s position within the digital transformation segment.
Based in Paris, Capgemini provides consulting, technology and digital transformation services to more than 40 countries worldwide.
During the financial year ended 31st December 2019, the group posted revenue of EUR 14.13 billion, up 7.0 per cent from EUR 13.18 billion in the preceding 12 months.
Within the same timeframe, Capgemini generated net profit of EUR 856.00 million (FY 2018: EUR 730.00 million).
According to Zephyr, the M&A database published by Bureau van Dijk, there were 1,492 deals targeting management consulting services providers announced globally in 2019.
In the most valuable of these, Publicis Groupe snapped up US-based Epsilon Data Management for USD 3.95 billion.
© Zephus Ltd