Greatresponder.com – 2011-06-16 – Well known European IT company and services provider Capgemini is planning to acquire popular French web hosting provider Prosodie directly from owner Apax Partners for approximately $552 million dollars in cash.
According to press release, companies have already discussed main details about the deal and should finalize the rest nuances within next month, said Capgemini CEO Paul Hermelin.
Prosodie web hosting company additionally to web hosting service provides multi-channel transactional flow management services that allows companies to take care of large numbers of Internet and telephone customer queries.
mr. Hermelin, CEO of Capgemini said the purchase of Prosodie web hosting company is part of its new strategy to differentiate Capgemini from the competing larger Asian and first of all Indian IT services providers that are constantly driving down prices for IT service.
“We are also growing headcount very rapidly and will be 120,000 by the end of the year,” Hermelin told the Financial Times. “But how stable is the model of just adding more people? We also want to grow our ability to offer specialist solutions such as handling customer relations or smart energy.”
Founded in 2006, Prosodie experienced great growth for only 5 years. Today Prosodie has a team of 861 members and revenue of $246 millions.
mr. Hermelin is hoping he can increase and even double the company’s revenues in near future by expanding its services outside European borders.
Prosodie web hosting isn’t first purchase of Capgemini this year. However it probably the largest purchase of Capgemini since it purchased Brazilian IT services firm CPM Braxis last September.
The company is still seeking to acquire other web hosting companies and prospective IT services providers in Europe, said mr. Hermelin.
Capgemini company made a 14.5 percent increase in revenues to $3.4 billion in the first quarter of 2011 year.
To meet this growth, the Capgemini company has also increased its staff by 20 percent to 112,127 employees in the past year.
Small summary on Capgemini IT company:
Capgemini is a French global IT services company, one of the world’s largest management consulting, outsourcing and professional services companies operating in 39 countries with head office in Paris. Capgemini was founded in 1967 by Serge Kampf.
Capgemini’s regional operations include North and South America, Northern Europe & Asia Pacific and Central & Southern Europe.