French IT services major Capgemini on August 26 announced that it has signed an agreement to acquire Cloud4C, a Hyderabad-based leading provider of hybrid cloud platform services.
This comes on the heels of the company’s announcement to acquire business transformation services firm WNS for $3.3 billion, excluding debt, last month. Capgemini has been making strategic acquisitions to strengthen its AI capabilities and portfolio of services.
The Cloud4C acquisition will expand Capgemini’s footprint in the cloud managed services market. “It will enable the Group to further develop industry specific packaged frameworks, intellectual property (IP) and generative AI (gen AI) solutions for cloud management and seamless migrations. It would also bring immediate cross-selling opportunities across Capgemini clients, as well as offering the breadth of Capgemini’s expertise to Cloud4C’s clients,” Capgemini said in a statement.
Founded in 2014, Cloud4C’s 1,600-strong team specializes in platform-based services with AI operations and automation capabilities.
Aiman Ezzat, CEO of Capgemini said, “Its (Cloud4C) status as a global premium partner of RISE with SAP makes it a natural fit for Capgemini as we have been a strategic partner with SAP for decades. This acquisition will enable the Group to champion gen AI-powered cloud automation platforms, coupled with scalable industry-specific solutions that we know our clients want and need across the world.”
“Cloud4C has been a fast growth company with operations in 29 countries. From the beginning, our goal was to build a process-driven, highly automated cloud services platform focused on innovation, trust, and security. Joining a global leader like Capgemini represents an exciting next chapter, enabling us to scale our cloud migration and management frameworks more efficiently,” added Sridhar Pinnapureddy, Chairman and Managing Director of Cloud4C.
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