Capgemini to acquire Syniti, boosting SAP data management capabilities
PARIS, FRANCE — Global technology services giant Capgemini has announced its plans to acquire Syniti, an enterprise data management software and services provider.
Terms of the deal remain confidential, but it aims to strengthen Capgemini’s ability to support its clients, particularly in the complex realm of SAP transformations, including the transition to SAP S/4HANA.
Syniti: A data management powerhouse
Syniti’s flagship product, the Syniti Knowledge Platform, is a unified, cloud-based data management platform that breaks down traditional enterprise data management silos. This SAP Endorsed App has been sold as an SAP Solution Extension under the name SAP Advanced Data Migration & Management by Syniti for nearly a decade.
“Capgemini and Syniti have long recognized the importance of data, and that the complexity of data work requires technical, business and industry skills in order to deliver real business benefits,” said Kevin Campbell, CEO of Syniti.
“Capgemini’s deep industry expertise and leadership in data & AI services highly complement Syniti’s data first approach in the market, to ensure that more organizations bring data to the forefront of their business and digital transformation projects.
Exciting news coming from Syniti today as @Capgemini has just announced the signing of an agreement to acquire Syniti.
You can read the news here: https://t.co/LesSxFYf2x#DataFirst pic.twitter.com/M3DnKtdd8O
— Syniti (@Syniti) August 27, 2024
Syniti, headquartered in the United States, operates globally and brings over 15 years of experience in enterprise data management.
The company has a team of over 1200 data-focused experts specializing in managing complex data quality, migration, and governance initiatives for some of the world’s largest companies.
Syniti’s expertise spans various sectors, including life sciences, aerospace & defense, manufacturing, consumer products & retail, and automotive.
Strengthening Capgemini’s data-driven solutions
The acquisition of Syniti is expected to improve Capgemini’s data-led solutions for clients worldwide, particularly in large-scale SAP transformations such as the move to SAP S/4HANA.
This move aligns with the strategy of Capgemini, currently ranked #5 in the OA500 2024 index of top outsourcing companies. Capgemini aims to prioritize data-driven insights and unlock further value from enterprise data, especially in the era of generative AI.
“Syniti and Capgemini share the philosophy that digital transformation will always require data transformation to drive critical business benefits,” said Aiman Ezzat, Chief Executive Officer of the Capgemini Group.
“Syniti is a leader in its field and a trusted global partner for major SAP data migrations. Its global team will reinforce Capgemini’s data-driven digital core business transformation services.”
The transaction is expected to close in the coming months, subject to regulatory approval and other customary conditions.
