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agreed to acquire Kanbay
International for $ 1.25 billion. Capgemini India's CEO stated that the merger was intended to help Capgemini grow in India and boost its services delivery there. It was reported that the deal would close at the beginning of 2007, after final approval for shareholders and
301:
in
October 2001. By 2004, Kanbay had regional offices located in eight countries, as well as delivery centers in Pune and Hyderabad, India. Kanbay also owned a 49.0% interest in SSS Holdings Corporation Limited (SSS) in England. By October 2006, Kanbay International remained headquartered in the
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profile on the Indian division, "the company focuses in the areas of credit cards and payment systems, life insurance, health and property consultancy, banks, and other lending systems and securities. It provides software and services for banking and insurance, credit cards, and credit-related
271:
accounted for around 60 percent of the $ 230.5 million in revenue the company earned. In early 2006, Kanbay acquired
Adjoined Consulting a professional services firm. In particular, Adjoined offered formal management consulting and added its ERP implementation capability to Kanbay.
218:
acquired an interest in Kanbay, equating to roughly 25 percent. Revenues for Kanbay in 1999 were $ 44.2 million. In
October 2000, Kanbay entered into the Australian market with the acquisition of Megatec, an Australian distributor. Megatec was a $ 15 million
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in 2006, "Kanbay's clients include businesses in financial services, consumer and industrial products and the communications industry. The company provides management consulting, technology integration, and maintenance and outsourcing services."
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wrote that "Kanbay uses a global delivery network, called GlobalLink, to provide its clients access to resources worldwide, especially systems development and support skills."
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and raised $ 93 million under the symbol KBAY. In early 2005, the company acquired
Accurum in New York, an IT services provider to the capital markets industry. In 2005
157:(IT) services firm with approximately 6900 associates worldwide that later created a second Headquarters in the United States. Founded in 1989, the organization offered
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214:. Spencer lived in Chicago at the time when Kanbay was established, and headquarters were placed there. In September 1998, venture capital firm
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310:. It had around 6,900 staff, the majority of which were in India. as 5,000 of 7,000 employees worked in software development centers in Pune,
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anti-trust clearance. Kanbay is now a division of
Capgemini under the name FS-GBU (Financial Services Global Business Unit).
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210:. All three had worked together in the late 1980s at the Institute of Cultural Affairs, a nonprofit in
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223:-based ebusiness products and solutions firm. In the summer of 2001, Kanbay announced its
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Kanbay
International became a publicly traded company in July 2004, listing on the
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Kanbay
International Completes Transformational Acquisition of Adjoined Consulting
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251:. Revenues in 2003 were $ 107.2 million, with net income of $ 11.4 million.
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667:"Company Overview of Kanbay Software (India) Private Limited"
547:"Kanbay acquires offshore finance services company Accurum".
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certification. By the end of 2003, major clients included
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Focused on the financial services industry, as of 2001,
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Financial
Services Strategic Business Unit (FS-SBU)
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758:Defunct computer companies of the United States
573:"Capgemini to acquire IT services firm Kanbay"
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297:. Kanbay inaugurated its technology center in
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16:Former information technology services firm
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773:Software companies disestablished in 2006
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626:"Capgemini acquires Kanbay for $ 1.25 bn"
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768:Software companies established in 1989
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728:American companies established in 1989
413:"Safeguard grabbing a share of Kanbay"
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487:Forsyth, Angelina (March 17, 2001),
763:Defunct computer hardware companies
753:Defunct companies based in Chicago
718:2006 disestablishments in Illinois
490:Kanbay builds up Indian capability
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516:"Kanbay achieves BS EN ISO 9001"
386:"Kanbay Founders Figured IT Out"
384:David, Ruth (October 31, 2006).
713:1989 establishments in Illinois
358:Software industry in Telangana
194:Kanbay was founded in 1989 by
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723:2006 mergers and acquisitions
514:DQW Bureau (August 2, 2001).
418:Philadelphia Business Journal
241:Development Bank of Singapore
216:Safeguard Scientifics, Inc.
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147:Kanbay International, Inc.
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604:, Kanbay, March 10, 2006
289:Facilities and employees
229:Household International
167:application development
571:John, Ribeiro (2005).
163:technology integration
155:information technology
46:Information technology
322:Software and services
280:On October 27, 2006,
206:, and Dileep Nath of
159:management consulting
139:http://www.kanbay.com
255:Kanbay International
221:Melbourne, Australia
202:, John Patterson of
425:. September 3, 1998
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126:Number of employees
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642:. October 27, 2006
304:Rosemont, Illinois
276:Capgemini division
249:Sun Life Financial
235:, Morgan Stanley,
120:US$ 230.5 million
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302:United States in
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79:Headquarters
71:Acquired by
34:Company type
299:Pune, India
212:Maharashtra
171:outsourcing
130:6500 (2006)
707:Categories
459:IPO Filing
364:References
233:HSBC Group
102:Key people
37:Subsidiary
672:Bloomberg
578:InfoWorld
344:Bloomberg
316:Hyderabad
282:Capgemini
200:Australia
175:Capgemini
91:Hyderabad
73:Capgemini
678:March 3,
646:March 3,
608:March 3,
584:March 3,
527:March 3,
500:March 3,
470:March 3,
429:March 3,
397:March 3,
352:See also
245:ABN-AMRO
225:ISO 9001
111:Chairman
42:Industry
521:DQ Week
308:Chicago
185:History
149:was an
135:Website
117:Revenue
95:Chennai
83:Chicago
60:Defunct
52:Founded
636:Mumbai
464:Nasdaq
391:Forbes
335:Forbes
333:Wrote
314:, and
312:Madras
261:NASDAQ
204:Canada
190:Kanbay
169:, and
151:Indian
20:KANBAY
640:Paris
295:Tokyo
208:India
680:2017
648:2017
610:2017
586:2017
529:2017
502:2017
472:2017
431:2017
399:2017
267:and
247:and
87:Pune
68:Fate
63:2006
55:1989
550:CBR
198:of
709::
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
