Magazine article American Banker

Cap Gemini, French Software Firm, Gearing Up Its US Business

Magazine article American Banker

Cap Gemini, French Software Firm, Gearing Up Its US Business

Article excerpt

Cap Gemini, French Software Firm, Gearing Up Its US Banking Business

PARIS--Cap Gemini Sogeti, one of Western Europe's leading computer services and software companies, is gearing up its U.S. operations for an expected new surge in demand from banking customers.

"Things sort of come in a rush in the United States," says Francis X. Behr, vice president-international for Cap Gemini of America. He contrasts the sporadic, hectic pace of developments in banking automation in the United States with a slower, steadier evolution in Europe.

The software group has been expanding its U.S. activities steadily since 1979, when it first set up a local subsidiary.

And, as a result of its acquisition of the consulting division of CGA Computer Inc., Gap Gemini Sogeti predicts, it will about double its U.S. revenues in 1986 to $125 million and will increase volume worldwide from 2.2 billion francs ($320 million) to 3 billion ($435 million).

Cap Gemini executives, who decline to reveal their U.S. customers, say the financial services business is the company's biggest market in the United States.

Worldwide, they estimate, software and computer servicing for financial services firms accounted for roughly 15% of consolidated sales last year and for 34% of profits of 125 million francs ($18 million).

A major U.S. project has been the development of three software systems for the Central Bank Corp., Denver. The systems are designed to convert 22 affiliated banks to a main data center.

"Bankers' imagination for new services and products has been the biggest spur to the software business," says Christian Chevallier, marketing manager for Cap Gemini Tertiare, the group's service sector division. …

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