DCG will operate within Sapient’s TRM practice, which provides high-end business consulting, programme management, technology delivery and process outsourcing solutions focussed on the needs of risk enterprises.
Sapient’s expanded TRM services will now include operations benchmarking, deep derivatives and process expertise, operations support, technology services and off-shore capabilities. These will help clients both manage the growth and complexity of derivatives transactions and eliminate the inefficiencies they currently experience in derivative operations.
On the occasion, Alan Herrick, president and chief executive officer, Sapient, said, “Regulatory scrutiny has resulted in new demands on clients to maintain compliance and reduce the risk associated with the growing complexity and volumes of these transactions. Our TRM practice is already well established, and this move will bolster our opportunities, both in the current uncertain times and in future growth markets. TRM and our interactive services represent the fastest growing parts of our business.”
Added Cameron Munro, co-chief executive officer, DCG, “This acquisition makes perfect sense for our clients and our organisation. Our vision and culture map very closely to Sapient’s — and together we can provide a powerful and unique set of solutions for our combined client base. We are thrilled with this opportunity.”
For the second quarter ended 30 June 2008, Sapient announced its service revenues were up 29 per cent YoY. |
