i-flex to buy S'pore arm of Capco
IT solutions provider i-flex solutions on Wednesday announced that its Singapore headquartered subsidiary, i-flex solutions, has entered into a definitive agreement to acquire the Singapore subsidiary of Capco, The Capital Markets Company.
By TNN |
BANGALORE: IT solutions provider i-flex solutions on Wednesday announced that its Singapore headquartered subsidiary, i-flex solutions, has entered into a definitive agreement to acquire the Singapore subsidiary of Capco, The Capital Markets Company.
The company said in a statement that this acquisition will strengthen i-flex Consulting’s ability to provide high end consulting to banks in the Asia Pacific region.
“The acquisition demonstrates i-flex Consulting’s commitment to the region and is in line with our strategic initiative to address business transformation requirements of top tier financial institutions as it combines Capco’s consulting strengths in APAC and i-flex Consulting’s experience in delivering solutions for the BFSI (banking, financial services and insurance) segment globally,’’ said Vijay Sharma, senior vice-president, i-flex Consulting.
“We are witnessing strong business growth as several banks in the Asia-Pacific region, including Japan, continue to undertake business transformation through large-scale technology and consulting investments in next-generation core-processing platforms,’’ said Kishore Kapoor, CEO i-flex solutions.
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