According to Capgemini, the acquisition of Quantmetry, a specialist in mathematical data modelling and AI technology solutions, will help bolster its capabilities in France to offer data transformation services at scale and in developing innovative, high-impact products and services powered by AI
Capgemini has agreed to acquire Quantmetry, a French consulting company with specialisation in mathematical data modelling and artificial intelligence (AI) technological solutions.
The financial terms of the deal were not disclosed.
Established in 2011, Quantmetry is said to serve major French organisations engaged in manufacturing, energy, consumer goods, retail, and insurance.
Quantmetry CEO and founder Jeremy Harroch said: “We look forward to being part of Capgemini and continuing to develop our expertise and values within the Group, as well as growing our people and delivering exemplary and impactful projects to our clients.
“Our consultants, engineers and researchers will be able to put our R&D and machine learning expertise at the center of an ecosystem of excellence. We are committed to promoting the ethical use of mathematics for business decision-making and the common good, in a pioneering spirit.”
According to Capgemini, the acquisition will help bolster its capabilities in France to provide data transformation services at scale and in developing innovative, high-impact products and services powered by AI.
Besides, it will improve services that facilitate intelligent industry and significant business and technological transformations, said the French IT company.
Capgemini also expects the acquisition of Quantmetry to expand the value creation expertise of Capgemini Invent, its digital innovation, design and transformation brand. Apart from boosting its capacity to execute in France, the acquisition will consolidate its position in the AI and data consulting and transformation market, said Capgemini.
Capgemini Invent in France managing director Mathieu Dougados said: “Quantmetry brings to Capgemini Invent specialist skills coupled with business and sector expertise that are highly complementary to those already existing within the Group, with very promising synergies. Our teams share the same values and the same ambition to carry out meaningful projects.
“This new team will enable us to be even stronger in sustainability services notably on our Data for Net Zero offering. With Quantmetry, we are strengthening our ability to deliver high-impact transformation programs.”
The deal is anticipated to close in the coming days.