Capgemini scouts for acquisitions in infra BPO space

| News alert; February 19, 2010
Capgemini Global CEO, Paul Hermelin, says they are looking at acquisitions both in India and globally and could close a deal outside the country within this year. He stated that the company is looking at acquisitions in the infrastructure and business process outsourcing space.
In December 2007, Capgemini Consulting India stated that it could reach its 2010 hiring target ahead of time. The French IT consulting and offshoring major had originally planned to hire 40,000 by 2010. Now, Hermelin says it should be around 35,000. “Because of the recession we will not achieve the 40,000 mark that I had imagined for by end 2010.
I would say we should be in the range of 35,000. The direction was right but we did not completely deliver the figure.”
On whether the company will bid for the government’s Unique Identity (UID) project, he says its head Nandan Nilekani is biased towards Indian companies. “We would like to talk to him about the UID project.”
He sees a fuller recovery by end 2010 but cautions that uncertainties remain. He sees a strong recovery in the BFSI (banking, financial services, and insurance) and auto space. Recovery in the telecom space is weak, he added. “The first sector that has resumed investing is banks and that’s very important for the Indian IT industry because banks and finance are the first customers for India. We all know that the finance industry has started to recover but still acts a little like they used to act before the crisis. Then we have some wild reactions like the Obama plan. Also, things are not full stabilised there.” business/capegemini-scouts-for-acquisiti onsinfra-bpo-space_442479.html