Kanbay

"Associates" is the warm and fuzzy term Kanbay uses to describe its employees.

Kanbay Founders Figured IT Out 2006

The result was the founding of a Chicago-based company called Kanbay by Spencer, Patterson and Nath in 1989.

Kanbay Founders Figured IT Out 2006

The French company said it would increase its employee presence in India by 89% with the Kanbay acquisition.

Kanbay Founders Figured IT Out 2006

Kanbay, which operates on four continents, provides information technology services to financial services companies such as banks, credit card and insurance companies.

Fast Tech Newcomers 2006

Kanbay is headquartered in Chicago, where Spencer lived when the company was established.

Kanbay Founders Figured IT Out 2006

Fast-forward to the present: last week, Capgemini, the biggest technology consultancy in Europe decided to expand its footprint in India by offering $1.25 billion for Kanbay.

Kanbay Founders Figured IT Out 2006

Two months ago, Capgemini decided to expand its footprint in India by offering $1.25 billion for Nasdaq-listed management consulting and outsourcing services company Kanbay.

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The acquisition of Kanbay by the Paris-based Capgemini is expected to add 23,000 jobs in India by 2010, mostly new positions but some relocated from higher-cost areas.

Kanbay Founders Figured IT Out 2006

The south-central Indian city already has several software technology campuses with leading companies like Infosys, Microsoft, CSC, Oracle, Wipro, Kanbay, General Electric, Dell and HSBC having established centers there.

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Paul Hermelin, Capgemini's chief executive officer, said in a statement that the acquisition of Kanbay supports our growth strategy and significantly enhances our global banking, financial services and insurance practice, particularly in North America and India.

Kanbay Founders Figured IT Out 2006