Capco
| Company type | Private |
|---|---|
| Industry | Management consulting, IT services, Energy advisory |
| Founded | January 1, 1998 in Belgium |
| Founder | Rob Heyvaert |
| Headquarters | London , United Kingdom |
Area served | Americas, Europe, Asia Pacific |
Key people | Lance Levy (CEO) |
| Products | Business and technology consulting services |
Number of employees | 1500 |
| Parent | Wipro (since 2021) |
Capco is a UK-based management consultancy specializing in business and technology services, primarily serving the financial services and energy industries. The company is headquartered in London and employs around 1,500 consultants there, operating from 32 offices spread across the Americas, Europe, and the Asia Pacific region. Capco provides expertise in IT, management consulting, and energy advisory services.
Its main areas of focus encompass banking, capital markets, wealth and investment management, insurance, finance, risk management, and regulatory compliance. Additionally, it maintains a specialized energy consulting division based in the United States.
History
Established in Belgium in 1998 by Rob Heyvaert under the name The Capital Markets Company NV, Capco originally opened offices in Antwerp, London, Toronto, New York, Warsaw, and Frankfurt. The firm adopted the Capco brand in 2001 and introduced the Capco Journal of Financial Transformation via The Capco Institute.
Rob Heyvaert stepped down in 2015, with Lance Levy taking over as CEO. In 2010, Fidelity National Information Services (FIS) purchased Capco for roughly $300 million. FIS later divested a majority share to private equity firm Clayton, Dubilier & Rice (CD&R) in 2017, allowing Capco to regain its independence while FIS retained a 40% stake.
On March 4, 2021, Indian IT services leader Wipro declared its acquisition of Capco for $1.45 billion USD, finalizing the transaction on April 29. This acquisition significantly enhanced Wipro’s consulting portfolio within financial services and technology sectors.
Acquisitions
- 2007 - Acquired City Practitioners Limited, a UK-based firm; financial details were not disclosed.
- 2019 - Purchased Atom Solutions from Houston to strengthen Capco’s Energy consulting capabilities.
- 2020 - Integrated Creative Construction, a digital consultancy headquartered in Germany.