IT consultancy CGI opens first BPO centre in Romania

21 June 2018 Consulting.ca

Montreal-based IT consulting giant CGI has opened a tech-focused business process outsourcing (BPO) centre in Bucharest, Romania. The centre will employee 300 people and provide software-related services to CGI’s clients in France.

Romania is a popular destination for firms looking for a good place to locate their business process outsourcing (BPO). The country is an especially attractive location for nearshoring IT services for Western European clients, since it has lower labour costs, while still being in the EU and having an adequate tech labour supply. Indeed, a report from consultancy A.T. Kearney named Romania as one of the world’s top 20 locations for business process outsourcing.

Last year, Big Four firm Deloitte opened an IT services centre in Bucharest that aims to employ 800 people by 2020. Consultancy Accenture also opened a BPO centre in Brasov, Romania last year which plans to employ 100 people over the coming years.IT consultancy CGI opens first BPO centre in RomaniaNow, Canadian IT and management consultancy CGI has announced its first BPO centre in Romania. The centre will be located next to the Polytechnic University in Bucharest, and will deliver software-related services. CGI’s centre will provide development and support for application software solutions based on Java, DotNet, BI, and others. The firm plans to hire 300 people by 2021, with 100 hired this year.

CGI’s Bucharest centre will exclusively serve the company’s French clients. One of the reasons Romania was chosen lies in the fact that it is the most Francophone country in the region, with a high number of French-speaking graduates. Romania is, furthermore, subject to the same General Data Protection Regulation (GDPR) as France, ensuring comparable security and the guarantee of data being stored in Europe.

“By opening our first software consulting and development center in Romania, we aim to provide our French customers with innovative digital services that meet international quality standards,” commented Jean-Michel Baticle, CGI Operations President, Western and Southern Europe. “Organized on the basis of a proven model, the centre aims to support the development and growth of our activities in France.”

The Bucharest IT centre will join CGI’s existing network of BPO centres in France, Spain, Portugal, and Morocco.

Based out of Montreal and founded in 1976, CGI is one of the largest IT and management consulting firms in the world. The firm has over 72,000 employees in more than 400 offices across the globe, and posted revenues of $10.8 billion last year.

In recent CGI news, the firm recently unveiled its open banking solution. The CGI Open Finance platform helps traditional banks integrate open banking and information sharing with third-party fintech apps while remaining compliant with government regulations.

Profile

×

Montreal's Syntax Systems acquires German firm Freudenberg IT

23 January 2019 Consulting.ca

IT consulting and services firm Syntax has acquired SAP cloud specialist firm Freudenberg IT (FIT). The transaction, financed by Syntax’s private equity parent company Novacap, greatly expands Syntax’s ability to provide SAP consulting and services, while extending its geographic footprint.

Founded in 1972, Montreal-based Syntax provides cloud and managed IT services to businesses across North America. The firm delivers enterprise resource planning (ERP) and tech solutions, as well as a combination of hardware, software, and cloud services to over 650 clients across all business segments on the continent. Syntax is an Oracle Platinum Partner, and has won numerous awards for Oracle JD Edwards implementation.

The firm’s consulting solutions center around Oracle JD Edwards Enterprise One, as well as Oracle E-Business Suite. Syntax’s team of tech consulting professionals have a long and strong track record of planning and implementing on-budget Oracle projects.

In addition to its Montreal headquarters, the IT firm has further offices in Toronto, New York, Somerset, NJ, Mumbai, and Hyderabad.

Montreal's Syntax Systems acquires German firm Freudenberg IT

Syntax, a portfolio company of Montreal-based private equity firm Novacap, has now acquired German IT services company Freudenberg IT (FIT). The firm’s 850 professionals implement and manage SAP cloud applications for businesses in Europe, the Americas, and Asia – with a strong client base in the automotive and manufacturing sectors. Equity for the deal was provided by Novacap.

FIT is one of the premier SAP managed services firms, and has a long and storied relationship with the leading German ERP firm. According to FIT, the firm’s parent company Freudenberg Group started collaborating with SAP’s founders nearly 50 years ago.

FIT’s acquisition will expand Syntax’s managed services offering in the SAP market, making the firm a strong multi-ERP and cloud provider. The firm can now provide end-to-end solutions to global clients in both Oracle and SAP.

"The acquisition of FIT represents an ideal investment for Novacap leveraging Syntax's development as a global cloud service provider" commented Ted Mocarski, a Senior Partner at Novacap and Chairman of the Syntax Board of Directors. "FIT's strong position in the market represents an exciting growth opportunity for Syntax. We look forward to supporting and working with Syntax through this exciting part of its history."

Syntax CEO Christian Primeau added, "We are excited by the opportunity of joining forces with FIT and extending our reach to the SAP ecosystem. This acquisition will enable us to increase our presence in geographies we had previously targeted for growth, such as Europe and Asia."

"Their devotion to excellence combined with their expertise and strong customer focus and value for corporate social responsibility made it an obvious choice for Syntax."

The acquisition is slated to close later this quarter, subject to regulatory approvals.