Capgemini

In 1967, Serge Kampf founded the IT services company Sogeti in Grenoble, France, the starting point of today’s Capgemini Group. In 1970, Sogeti became the first IT services company in Europe to offer organizational consulting services.⁠[1][1][1][2]

In 1974, Sogeti made its first acquisitions, buying two competitors, CAP of France and Gemini Computer Systems of the United States; in 1975, the company was renamed Cap Gemini Sogeti and, with 2,000 employees, became the European leader in IT services.⁠[1][1]

In 1978, Cap Gemini Sogeti entered the U.S. market, creating Cap Gemini Inc. in Washington.⁠[1]

In 1985, Cap Gemini Sogeti was listed on the Paris Stock Exchange, and its share price rose 25% in five days. In 1987, the company acquired the French system integration company SESA, in which it had held a 42% stake since 1982; in 1976, SESA had developed TRANSPAC, the first public European data transmission network.⁠[1][1][1]

In 1990, Cap Gemini Sogeti acquired the UK managed services company Hoskyns; in 1992, it went on to acquire the Dutch company Volmac, then regarded as the most profitable IT services company in Europe, and Programmator, one of Sweden’s largest IT services companies, becoming the European leader in its sector.⁠[1][1][1]

In May 1993, Paul Hermelin, who had spent fifteen years in the French government, primarily at the Ministry of Finance, and had been chief of staff to the Minister of Industry and Foreign Trade from 1991 to 1993, joined the group, initially coordinating central functions; in May 1996, he joined the Management Board and became chief executive officer of Capgemini France.⁠[1][1][1][1]

In 1996, the company was renamed Cap Gemini, dropping its original name, Sogeti. In 1998, it signed a multinational contract with General Motors to develop new client/server systems in 42 countries.⁠[1][1]

In 2000, Cap Gemini acquired the consulting arm of Ernst & Young, an integration that proved more difficult than expected; that year it opened its first offshore delivery center in Mumbai, India, and its workforce passed 50,000. After the merger, Paul Hermelin became the group’s chief operating officer and a director in May 2000.⁠[1][1][1]

On January 1, 2002, Paul Hermelin became the group’s chief executive officer; that year the Sogeti name returned as a subsidiary specializing in local IT services. In 2003, the group signed one of the largest outsourcing contracts in its history with the UK’s Inland Revenue.⁠[1][1][1]

In 2007, the group acquired Kanbay International, a U.S. IT services company specializing in financial services with 7,000 employees in India, bringing the group’s headcount in India to 12,000; that year it also became the official sponsor of the Rugby World Cup held in France.⁠[1][1][1]

In 2010, Capgemini, by then operating in 30 countries, entered South America by acquiring the Brazilian IT services company CPM Braxis, and its global workforce passed 100,000.⁠[1][1]

Forty-five years after creating the group, Serge Kampf stepped down as chairman in 2012, and Paul Hermelin became chairman and chief executive officer on May 24, 2012. That December, Aiman Ezzat became the group’s chief financial officer, serving until the end of May 2018.⁠[1][1][1]

In 2015, Capgemini acquired the U.S. company IGATE, significantly strengthening its presence in the United States and India; like Kanbay in 2007, IGATE was a U.S. company focused on financial services.⁠[1][1]

In 2016, Serge Kampf died at the age of 81 in Grenoble, where he had founded Capgemini 49 years earlier.⁠[1]

In 2017, Capgemini launched a new brand identity on its 50th anniversary and strengthened its digital and cloud businesses through the acquisitions of Itelios, TCube Solutions, Idean and Lyons Consulting Group. In 2018, the group created Capgemini Invent, a global service line dedicated to digital innovation, consulting and transformation; Aiman Ezzat became chief operating officer on January 1, 2018.⁠[1][1][1][1]

In 2019, Capgemini acquired Leidos Cyber to strengthen its cybersecurity services, and signed a contract worth more than €1 billion with the Bayer AG group to transform its IT landscape and accelerate its digital transformation.⁠[1][1]

In April 2020, Capgemini completed its acquisition of Altran, an engineering and R&D services company, combining the two into a digital transformation business for industrial and technology companies; the group made no larger acquisition until WNS in 2025.⁠[1][1][1]

On May 20, 2020, the board separated the roles of chairman and chief executive officer: Aiman Ezzat succeeded Paul Hermelin as chief executive officer, and Hermelin remained chairman. Born in 1961, Ezzat had previously served as the group’s deputy director of strategy, head of its Financial Services global business unit, chief financial officer and chief operating officer. That year, Capgemini unveiled its purpose: “Unleashing human energy through technology for an inclusive and sustainable future.”⁠[1][1][1][1][1]

In 2021, the group brought Altran’s engineering and R&D expertise into the group, unveiled an environmental, social and governance (ESG) policy covering climate change, human capital and governance, and completed four acquisitions in the Asia-Pacific region; in 2022, it became one of the first companies to have its net-zero targets validated by the Science Based Targets initiative (SBTi). Group revenues rose from €18.160 billion in 2021 to €21.995 billion in 2022, and year-end headcount from 324,684 to 359,567.⁠[1][1][1][1][1]

In 2023, Capgemini announced a €2 billion investment to strengthen its position in artificial intelligence, launched a Generative AI Lab, and acquired businesses including Exiger’s New York-based financial crime compliance division and the semiconductor engineering company HDL Design House. In 2024, the group signed generative AI partnerships with companies including Mistral AI and C3 AI, and acquired Unity’s digital twin professional services arm, D+I, Lösch & Partner and Syniti.⁠[1][1][1][1][1][1][1]

In September 2024, a hacker using the alias “grep” claimed on the dark web forum BreachForums to have stolen about 20GB of data from Capgemini, including databases, source code and employee information, and posted samples said to include T-MobileT-MobileT-Mobile (T-Mobile US, Inc.) is one of the major U.S. wireless carriers, headquartered in Bellevue, Washington, and Overland Park, Kansas, and controlled by Deutsche Telekom. Its predecessor was VoiceStream Wireless, founded in 1994; it listed on Nasdaq after combining with MetroPCS in 2013 and merged with Sprint in 2020.Open the full entry virtual machine logs; T-Mobile US said the data did not belong to it. Capgemini neither confirmed nor denied the claims at the time.⁠[3][3][3][3][3][3]

On July 7, 2025, Capgemini and WNS, a digital business process services company, announced a definitive agreement for Capgemini to acquire WNS for $76.50 per share in cash. WNS shareholders approved the deal on August 29, and the Royal Court of Jersey sanctioned it on October 9; on September 18, Capgemini priced €4.0 billion of bonds to fund it. The deal closed on October 17 for total cash consideration of $3.3 billion (excluding WNS’s net financial debt), and WNS chief executive Keshav Murugesh joined the group’s leadership. That year, the group also acquired Cloud4C and the nuclear engineering company SEIMAF.⁠[1][1][1][1][1][1][1][1][1][1]

In fiscal 2025 (ended December 31, 2025), Capgemini had revenues of €22.465 billion, up 1.7% (3.4% at constant exchange rates); its operating margin was 13.3%, and net profit attributable to the group was €1.601 billion, down 4.2%; it spent €3.8 billion on acquisitions during the year, mainly WNS. Year-end headcount was 423,400, up 82,300, with 66% offshore; generative and agentic AI accounted for more than 10% of group bookings in the fourth quarter. The board proposed a dividend of €3.40 per share. At year-end, the company’s market capitalization was €24.2 billion; its shares are listed on Euronext Paris, and it is a constituent of the CAC 40 index.⁠[4][4][4][4][4][4][4][4][4][1][1][1]

As of December 31, 2025, several group subsidiaries were involved in tax litigation and pre-litigation proceedings, particularly in India, where subsidiaries had received several income tax reassessment notices, mostly concerning transfer pricing; the group considered it had a strong likelihood of winning and had booked no amounts for most of these disputes. At the time, the group had no governmental, legal or arbitration proceedings likely to have a material impact on its financial position other than those recognized or disclosed in its financial statements. In 2025, the group, as data controller, notified data protection authorities of 7 data breaches (9 in 2024) and had 3 substantiated complaints concerning customer privacy or loss of customer data.⁠[1][1][1][1][1][1][1]

On January 20, 2026, Capgemini announced up to 2,400 job cuts in France through redeployments and voluntary departures. In February, Ezzat announced country-specific workforce and skills adaptation initiatives expected to cost about €700 million in cumulative restructuring charges over the following two years.⁠[5][4][4]

On December 18, 2025, Capgemini’s U.S. subsidiary Capgemini Government Solutions (CGS) signed a $4.8 million contract with U.S. Immigration and Customs Enforcement to identify foreigners in the United States and track their locations. In January 2026, after two people, Renee Good and Alex Pretti, were killed in enforcement operations by Immigration and Customs Enforcement and Border Patrol agents in Minneapolis, and the campaign group Multinationals Observatory revealed the contract, French Economy Minister Roland Lescure and others asked the company to explain. Chief executive Ezzat said management had only recently learned of the contract through public sources, and that under U.S. security rules CGS’s decision-making and networks were firewalled, so the group could not access its classified information or classified contracts.⁠[5][5][5][6][5][6][5][5]

On February 1, 2026, after an extraordinary board meeting, Capgemini announced that it would immediately begin divesting CGS, saying the legal constraints the United States imposes on contracting with federal entities conducting classified activities prevented the group from exercising appropriate control over certain aspects of the subsidiary’s operations; the company did not say whether the sale was due to the immigration enforcement contract. CGS accounted for about 0.4% of the group’s 2025 revenue and less than 2% of its U.S. revenue.⁠[5][5][6][6][6]

On May 20, 2026, Capgemini’s shareholders’ meeting approved a dividend of €3.40 per share and Paul Hermelin’s reappointment as a director; the board then maintained the separation of the chairman and chief executive roles, reappointing Hermelin as chairman to provide the best framework for organizing “the forthcoming successions,” and appointed Patrick Pouyanné as lead independent director. On May 27, at its Capital Markets Day, the group set 2028 targets, including a revenue compound annual growth rate of 5.5% to 7.5% at constant exchange rates from 2025 to 2028.⁠[7][7][7][7][7][8][8]

In the first quarter of 2026, Capgemini had revenues of €5.943 billion, up 11.0% at constant exchange rates, and extended its strategic partnership with McDonald’sMcDonald’sMcDonald’s is a publicly traded restaurant company headquartered in Chicago, known for hamburgers, fries, drive-thrus and its franchise network. Its origins lie in the restaurant opened by Richard and Maurice McDonald in 1940; Ray Kroc expanded franchising from 1955. It operates across more than 100 countries, with the great majority of restaurants run by independent operators.Open the full entry for five years. First-half revenues were €12.082 billion, up 8.8% (11.3% at constant exchange rates), with an operating margin of 12.5% and net profit attributable to the group of €498 million, down 31.3%, mainly because of higher restructuring charges; headcount was 417,600 on June 30. The company raised its full-year revenue growth target at constant exchange rates to 8.5% to 9.0%.⁠[9][9][9][10][10][10][10][10][10][10]

On August 20, 2026, the cyber threat intelligence company SOCRadar found that the Everest ransomware group had listed Capgemini Engineering as a victim on its dark web leak site; SOCRadar also found a number of suspected employee account records logged in stealer logs on the same day, and noted that this data did not definitively confirm that Everest had used it for an intrusion.⁠[11][11][11][11]

On September 12, 2026, Capgemini agreed to sell Capgemini Government Solutions, its subsidiary working with the U.S. federal government, to ITC Federal, an IT services provider to federal law enforcement, homeland security and defense agencies; the sale closed on September 30.⁠[12][12][12][13]

On October 8, 2026, at a White House anti-fraud task force press conference, U.S. Labor Secretary Keith Sonderling, citing criminal investigations led by Labor Department Inspector General Anthony D’Esposito, announced the suspension of Cognizant, InfosysInfosysInfosys (Infosys Limited) is an information technology services and consulting company headquartered in Bengaluru, India, founded in 1981 by N. R. Narayana Murthy and six others. Listed on Indian stock exchanges and the New York Stock Exchange, it had revenues of $20.158 billion in fiscal 2026 and more than 328,000 employees, and is one of India’s major information technology services companies.Open the full entry, Tata, WiproWiproWipro (Wipro Limited) is an information technology services and consulting company headquartered in Bengaluru, India. It began in 1945 as the vegetable oil maker Western India Vegetable Products and was transformed into an IT company under Azim H. Premji; listed on Indian stock exchanges and the New York Stock Exchange, it had revenues of about $10.5 billion in fiscal 2026 and more than 240,000 employees.Open the full entry, HCL and Capgemini from the Permanent Labor Certification (PERM) program, and, citing multiple federal investigations, of Microsoft and Adobe; the Department would not accept or process any new or pending applications involving these companies. Capgemini was the only European company on the list. PERM is a prerequisite for most employment-based green card petitions, and the measure does not cancel existing H-1B visas. The Inspector General’s office had opened a nationwide H-1B and PERM fraud investigation in July 2026.⁠[14][14][14][14][15][16][16][15]

Sonderling said that since 2009 these companies alone had requested almost three million foreign workers and received more than 230,000 H-1B visa approvals and more than 100,000 permanent labor certifications. As of that day, prosecutors had brought no criminal charges in the labor investigation, and Capgemini did not immediately respond to a request for comment from ReutersReutersReuters is an international news agency founded in London in 1851 by Paul Julius Reuter and is now the news business of Thomson Reuters. It provides text, photo, video, and graphics coverage to media and institutional clients and distributes it through channels such as Reuters Connect.Open the full entry.⁠[14][14][15][15]

As of October 2026, Paul Hermelin is chairman of Capgemini SE, Aiman Ezzat is chief executive officer and Nive Bhagat is chief financial officer; the registered office is at 11, rue de Tilsitt, Paris. The company, a European company (SE), is listed on Euronext Paris, operates in more than 50 countries and had more than 410,000 employees as of September 2026.⁠[10][10][8][1][1][12]

Capgemini: Official website: https://www.capgemini.com/ (opens in a new window).⁠[17]

X: Public account: https://x.com/Capgemini (opens in a new window)⁠[17]