Capco Drives Growth Agenda With Acquisition of City Practitioners

London and New York (ots/PRNewswire) -

- With This Acquisition Capco Increases its Access to the Rapidly
Growing Derivatives Market and Further Strengthens its Consulting and
Technology Services Offerings

Capco, the global provider of integrated transformation services
for the financial services industry, today announced that it has
acquired City Practitioners. City Practitioners is a consulting and
technology implementation expert in the financial services market.
The company was founded in 1995 and currently employs over 180
practitioners with a strong financial services consulting group and a
team of professionals with market leading expertise in derivatives
technology. City Practitioners has an annual turnover of over US$40
million and offices in London and New York. Amongst its clients are
global players in the financial industry, such as ABN-Amro, JP
Morgan, Merrill Lynch, Credit Suisse and others.

"Capco's consultancy skills, industry knowledge and Global
Delivery Model combined with City Practitioners' consulting expertise
and technology skills in the derivatives market will enable us to
execute and implement major transformation projects together," said
Rob Heyvaert, Founder and CEO of Capco. "The derivatives market is
becoming increasingly important in the financial industry and is one
of our core end-to-end service offerings. Our combined team of
derivatives consulting and technology specialists is one of the
largest in the market and together we will be able to better answer
the increasing demand for end to end derivatives processing
transformation from our collective clients."

For City Practitioners, the deal represents the opportunity to be
part of a truly global organization. City Practitioners' Chairman,
Tom Kozlowski, strongly believes that joining forces with Capco is a
great opportunity: "Capco's worldwide presence and drive to keep
growing means together we will become the leader in the financial
services industry, offering both our employees and clients unlimited
possibilities for the future."

About Capco

Capco is the global provider of integrated transformation services
to the Financial Services Industry. With offices in North America,
Europe and Asia, Capco provides integrated Consulting, Technology and
Managed Services activities. Capco combines its exclusive focus on
financial services with a Global Delivery Model.

Our Service Offerings are engineered by financial services experts
exclusively for the Financial Services Industry. As pioneers of
transforming operational capability and efficiency, we help clients
successfully increase revenue, reduce costs and enhance control. We
merge innovative thinking with an unrivalled knowledge of our
industry. For more information, please visit www.capco.com.

About City Practitioners

City Practitioners Ltd specialises in the design, implementation
and management of complex trading systems across front, middle and
back office environments in all asset classes, flow through exotic.
To date the company has carried out: about fifty multi asset class
architecture, design and planning exercises (providing business and
technology a clear change plan), over five hundred implementations
(across flow, derivatives, hybrids and commodities) and many solution
based services in support of trading applications. Our market
includes banks and financial institutions, typically defined by those
that globally operate some of the world's most complex trading desks
on either the sell side or buy side (where we have worked with the
leading multi strategy hedge funds). Our success with clients is
based on a blend of: best in class methods, people with a strong
industry background / pragmatic style (drawn from the trading
community) and a focus on technology delivery.

A privately owned company, City Practitioners employs over 180
employees, located in London & New York. Founded in 1995, it has
grown steadily during the past 12 years and has an annual turnover of
GBP20 million. For more information, please visit
www.citypractitioners.com.

ots Originaltext: Capco
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Press Contacts: Leads United, overall contact: Miek Gielkens or
Pieter De Wit, T: +32-3-466-01-88, capco@leadsunited.com; Capco,
Claudia Schiepers, T: +44-20-7426-1638, claudia.schiepers@capco.com