157965 Resource 125361 126221 200444 1170994636990 1214508727501 Controlled Capgemini's Sogeti To Acquire Software Architects Inc.

Global IT Services Firm Expands U.S. Reach, Strengthens Position in Key Local Markets

<p>Capgemini announced that it has entered into a definitive agreement to acquire Software Architects, integrating the IT consulting provider with its subsidiary, Sogeti USA.&nbsp; According to Paul Hermelin, Capgemini Group's CEO, this acquisition&nbsp;reaffirms Capgemini's&nbsp;commitment to strengthening&nbsp;its positioning in the US market.&nbsp; Together, Sogeti USA and Software Architects will employ 2,000 people in 24 cities. </p><p>The acquisition is representative of a trend cited in Updata Capital's recently published <a href="http://updataadvisors.com/outlook2007/uc_outlook2007.asp" target="_blank">2007 Outlook</a> of M&amp;A activity in the IT services sector driven by&nbsp;continued emphasis on the global delivery of services.</p><p>Updata Capital initiated the transaction, acted as financial advisor and assisted in the negotiations for Sogeti USA. </p> 9 application/xml false Capgemini IT services Software Architects Sogeti USA Updata Capital Recent IT services mergers and acquisitions deals completed by Updata Capital http://updataadvisors.com/transactions.asp?sector=13&level2id=54&level2name=IT%20Services&sectorname=ALL%20SECTORS Updata Capital's analysis of trends in IT M&A activity for 2007 http://updataadvisors.com/outlook2007/uc_outlook2007.asp Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.0; .NET CLR 1.1.4322; .NET CLR 2.0.50727; InfoPath.1) 127.0.0.1 127.0.0.1 fbartolomey 208.82.213.22 false true false false true 125361 blog blogsite/UpdataAdvisors/web