To accommodate its growing business in South Africa, global business and technology consultancy has moved into a new, larger office in Johannesburg.
With approximately 3,000 employees across 20 offices, Capco is one of the largest consulting firms that specialises exclusively on the financial services industry. The firm was founded in 1998 in Belgium, and has since established itself as a renowned player in the industry. Since 2010 the business advisory operates under the ownership of FIS*, the parent of also Clear2Pay.
Following the firm’s expansion into Europe, North America and India, Capco opened its first office in Africa in 2011, based in Johannesburg. The office focuses on the three key areas: payments, core banking and finance re-engineering and optimisation. With success – in the past four years Capco South Africa has significantly grown its team and built a track record with several clients. The firm for instance enabled the deployment of a core banking system for one of the big four banking players, project managed and solution designed a pan-African platform for a corporate and business banking and led the roll-out of the first ATM network across an African country. “Africa has proven to be a highly rewarding business environment and we are proud to have delivered a range of excellent engagements,” comments Bruce Gordon, Capco Partner and Head of Operations South Africa.
On the back of the growth, and the ambitions drafted going forward, Capco has decided to move to large, and more extensive office in the country’s largest city, located at 85 Empire Road. The company anticipates to double the headcount of its industry teams this year, with new hires to be recruited through 2015. “Not only does the move reflect our successful growth here in South Africa, it also underscores our commitment to the region and the continent,” comments Gordon.
Peter Schurau, CEO of Capco Europe and Asia-Pacific, adds, “Capco’s Africa presence is going from strength to strength and we are proud to deliver world class engagements for clients across the continent. With the full support of FIS, we look forward to making even greater progress in 2015.”
In September last year Capco went through a similar transition in Hong Kong. The firm opened its first hub in the country in 2014, and within a year it decided to move to larger premises.
* FIS provides payment processing and banking solutions, software, services and outsourcing services to financial institutions. The company has roughly 40,000 employees and a revenue of more than $6 billion. FIS acquired Capco in September 2011 for a reported fee of just under $300 million.