I-flex acquires Capco's Singapore unit
Indian financial IT vendor i-flex solutions has signed a definitive agreement to acquire the Singapore subsidiary of financial services consultancy Capco.
Under the deal i-flex's Singapore-headquartered subsidiary, i-flex Consulting, will take over the Capco unit, The Capital Markets Company.
I-flex says the acquisition will strengthen its ability to provide high-end consulting to banks in Asia Pacific and demonstrates its commitment to the region. The combined team provides a pool of expertise to assist banks in business transformation, management of large technology implementations and addressing risk and compliance requirements, says the Indian vendor.
Vijay Sharma, SVP, i-flex Consulting, says the acquisition "combines Capco's consulting strengths in APAC and i-flex Consulting's experience in delivering solutions for the banking, financial services and insurance segment globally".
"Our ability to provide a complete solution to existing clients and prospects is significantly enhanced with the local knowledge and expertise that the Capco team brings," adds Sharma
