Capgemini has acquired Thesys Technologies, the India-based IT services company which is also a Temenos-certified services partner, aiming to strengthen its global core banking and wealth management capabilities.

The acquisition of Thesys is intended to expand Capgemini’s global offerings for Temenos-enabled products. These include retail, corporate, universal, private wealth management, Islamic banking and microfinance products for financial services providers.

Capgemini is looking to Thesys to enhance its offerings in the Middle East, Asia Pacific and Latin America through what its calls the acquired firm's "highly specialised service delivery infrastructure." Thesys is hoped to expand the scope of Capgemini’s capabilities in these regions as well as strengthening its position in the packaged core banking platform market.

“Thesys has delivered the highest levels of Temenos implementation services for over a decade. Combining Thesys’s offerings with Capgemini’s global delivery model will create the industry-leading delivery platform of choice for Temenos-enabled core banking and wealth management implementation services,” said Tirunelveli Sivaramakrishnan Jeyaraman, chief executive of Thesys.

“The acquisition of Thesys enables Capgemini to create value for more than 700 existing Temenos clients as well as a large prospective client base,” said Aiman Ezzat, CEO of Capgemini’s financial services global business unit.

“Given its global reach, rich domain expertise and international standing, the partnership with Capgemini is extremely important for Temenos and will help us offer our customers best-in-class business management and project delivery skills. Thesys has been an important, highly valued and trusted services partner of Temenos and has been providing qualified services for some time. Capgemini’s acquisition of Thesys establishes an exceptionally strong global delivery infrastructure for Temenos," said Andreas Andreades, CEO of Temenos.

Present in more than 35 countries, Capgemini reported 2009 global revenues of €8.4 billion (approximately $11.6 billion) and employs over 100,000 people worldwide.