Capgemini acquires Exiger’s FCC division
WASHINGTON, UNITED STATES – Capgemini, a business and technology transformation services company, has signed an agreement to acquire Exiger‘s Financial Crime Compliance (FCC) division. The financial details have not been disclosed, but the deal is expected to close in the coming months.
A SaaS company founded in 2013, Exiger specializes in helping corporations, government agencies, and banks manage supply chains. The FCC division comprises a team of experts with offices in North America, EMEA, and APAC, focusing on advisory, analytics, and managed services relating to anti-money laundering, Know Your Customer (KYC), anti-bribery & corruption, among others.
“This sale marks an enormous milestone in the evolution and growth of Exiger,” said Exiger CEO Brandon Daniels. “Capgemini’s acquisition allows us to focus on our core third-party risk and supply chain management technology business, reinforcing our strength, market leadership and accelerated growth.”
Capgemini, on the other hand, will benefit from the deep domain expertise of the FCC Division, helping them address the growing client demand for financial crime compliance services.
“Financial crime compliance requirements are evolving at pace so financial institutions are looking to adopt data driven, technology enabled solutions to support their end-to-end FCC transformation,” comments Anirban Bose, CEO of Capgemini’s Financial Services and Group Executive Board Member.
Exiger currently serves 550 customers worldwide, while Capgemini has 297,859 employees listed on LinkedIn and offers a wide range of services, including outsourcing and artificial intelligence.
