Capco to enhance its offerings to clients through the acquisition of the Swiss digital focused consultancy
Capco, the global management and technology consultancy, today announces the acquisition of andrion AG (‘andrion’), a Switzerland-based digital and technology delivery consultancy focused on providing transformational solutions and services to Swiss banks, financial technology firms and companies in the financial services sector.
The transaction will complement and extend Capco’s existing client offerings with digital and technology capabilities. Aniello Bove, CEO & Managing Partner, Martin Zimmermann, Managing Partner, Roberto Zimmermann, Managing Partner, andrion’s leadership team, and all its staff will be joining Capco. Financial terms were not disclosed.
andrion’s offerings span digitalization, including CX/UX and technologies; automation, such as process and AI services; modernization, including web and cloud solutions; and industrialization, such as Open Banking and service harmonization.
Lance Levy, CEO of Capco, said: “This acquisition further strengthens our offerings to our financial services clients as we help them redefine their business models and customer offerings. It also represents yet another step in our pursuit of targeted acquisitions. I am excited to welcome Aniello and the andrion team to the Capco family.”
Farzine Fazel, Managing Partner EURONEXT & Switzerland at Capco, said: “We are delighted to welcome to the Capco family a group of talented, technology focused professionals who share the desire to assist our financial services clients to accelerate their digital transformation.”
Andrea Hoffmann, Partner for Transformation at Capco Switzerland, said: “andrion is an established company with strong growth potential. The andrion team are respected consultants with extensive experience and in-demand expertise in the digital and AI space, and we have previously worked closely with them on a number of successful projects.”
Dr. Ingo Rauser, Partner for Regulation and Compliance at Capco Switzerland, said: This acquisition expands the end-to-end digital and regulatory solutions we can offer financial services clients inside and outside Switzerland. During the COVID pandemic, we have seen an increasing demand among domestic banks to bring the servicing of complex IT activities back to Switzerland from offshore locations, and together with andrion we are excellently positioned to meet that new demand.”
Aniello Bove, CEO & Partner at andrion, said: “Capco’s focus on business transformation and building solutions to deliver business value aligns perfectly with our own approach. Our decision to join Capco will expand our delivery capability and depth in areas we have been growing, notably digital transformation and AI technologies, and enable us to benefit from Capco’s local and international reach and scale to help us grow and expand the services that we can provide to clients.”
Capco is a global management and technology consultancy dedicated to the financial services industry. Our professionals combine innovative thinking with unrivalled industry knowledge to offer our clients consulting expertise, complex technology and package integration, transformation delivery and managed services to move their organizations forward. Through our collaborative and efficient approach, we help our clients successfully innovate, increase revenue, manage risk and regulatory change, reduce costs, and enhance controls. We specialize in banking, capital markets, wealth and asset management and insurance. We serve our clients from offices in leading financial centers across Europe, the Americas and Asia Pacific. To learn more, visit our web site at www.capco.com or follow us on Twitter, Facebook, YouTube, LinkedIn, Instagram and Xing.
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