Capgemini buys Quantmetry for better AI & Data Consulting
Capgemini said that it had signed a share purchase agreement (SPA) to buy Quantmetry, an independent consulting firm that specialises in mathematical data modelling and artificial intelligence (AI) technology solutions.
Quantmetry will help Capgemini in France expand its expertise in data transformation and the development of new, high-impact products and services powered by trusted AI. It will also improve services that make intelligent industry possible and bring about big changes in business and technology. The transaction is likely to close within the next few days.
With the purchase of Quantmetry, Capgemini Invent, the digital innovation, design, and transformation brand of the Capgemini Group, will be able to create more value and do more work in France. It will also make Capgemini even more of a leader in the AI and data consulting and transformation market.
Mathieu Dougados, Managing Director, Capgemini Invent in France, said:
"A significant part of our business is already specified in this area. Quantmetry brings to Capgemini Invent specialist skills coupled with business and sector expertise 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. With this new team, we'll be able to make our sustainability services, especially our Data for Net Zero service, even better. With Quantmetry, we are strengthening our ability to deliver high-impact transformation programmes."
Jeremy Harroch, CEO and Founder of Quantmetry, 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 centre 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.”