Data science: Capgemini to acquire Quantmetry

The ESN does not specify the amount of the current transaction, but mentions the fact that the sale takes the form of a share transfer agreement (or Share Purchase Agreement, SPA). This “defines the terms of the transfer of ownership of the shares during the sale of a company”, indicates Capgemini. “The SPA may in particular provide for a price adjustment clause”, specifies Mazars on its website.

Founded in 2011 in Paris, Quantmetry has made a solid reputation. The firm claims 350 Data projects carried out “from start to finish” in 10 years, of which 80% have entered the industrialization phase.

Quantmetry, a reference on the French market

Quantmetry has developed a methodology to carry out data processing and AI projects. It has developed four areas of expertise around Data strategy, the response to operational challenges, the design of data processing platforms and products of artificial intelligence.

Four other areas of “scientific” expertise are reserved for the processing of time series data, NLP, computer vision and explainability of AI.

In addition to its foothold in research and academic partnerships – the firm is a partner of the collective – Quantmetry has developed its own training structure: the Quantmetry Institute.

Capgemini notes that the firm has more particularly convinced “the major French players in industry, energy, distribution, mass consumption and insurance”.

Quantmetry also has a “foot” in the French Administration : it regularly responds to calls for tender issued by the various public service entities.

Capgemini also shines in all these sectors, in France and internationally. Above all, the French ESN is continuing its efforts to strengthen its Data and AI division.

In this sense, Quantmetry must join Capgemini Invent, “the digital innovation, consulting and transformation brand of the Capgemini group”.

In 2020, Capgemini has acquired the Scandinavian Advectas, with more than 200 employees. More recently, in early October 2022, Capgemini acquired Braincourt GMBH, another firm specializing in AI – German this time – with around 80 employees. On its website, Quantmetry mentions “120 collaborators and researcher-consultants”. On LinkedIn, this figure exceeds 160 “Quanters” (the name given to employees of the French firm).

“We carry out a significant part of our activity in this area. [de l’IA et de la donnée] says Mathieu Dougados, Executive Director of Capgemini Invent in France.

“Quantmetry brings to Capgemini Invent business and sector expertise that is highly complementary to that which already exists within the Group, with very promising synergies.”

Carrying out ESG projects

Mathieu Dougados mentions in particular the group’s desire to strengthen its “Data for Net Zero” initiative, a program to support companies in setting up their ESG projects.

On October 27, Capgemini announced consolidated results for the third fiscal quarter of 2022. Among the new projects signed, the group mentioned the ESG performance monitoring of a French bank, the creation of carbon indicators for decision support of an international energy company and that of Breitling, the watch manufacturer, which seeks to carry out its “carbon accounting on a global scale”.

“Client interest in our sustainability services is growing strongly,” said Aiman ​​Ezzat, CEO of Capgemini, during the Q3 2022 results conference call. “We currently have 14 offerings in our sustainability portfolio” , he adds.

Capgemini anticipates a slowdown in 2023, but is “confident”

Over the same period, the group generated 5.55 billion euros, representing revenue up 15.7% at constant exchange rates. He had earned 4.55 billion euros in Q3 2021.

“Cloud and Data are at the heart of Capgemini’s clients’ digital transformation projects, whether to support growth initiatives or to optimize costs,” Capgemini said in a press release. “These projects are the driving force behind the group’s dynamics, particularly in the Smart Industry and Customer First business areas.”

In France, revenues are up 12.7% at constant exchange rates and represent 18% of group sales. In this market, the third quarter was marked by “particularly strong performance in the manufacturing, consumer goods and retail sectors”.

Growth was higher in North America (+14.7%, 33% of sales), the United Kingdom and Ireland (+17.2%, 12% of sales), Asia Pacific and Latin America ( +24.1%, 9% of sales), as well as in the rest of Europe (+15.5%, 28% of sales).

However, Reuters quotes a note from JP Morgan deeming Capgemini’s forecasts “conservative”. The financial body anticipates a slowdown in activity from the end of 2022.

“We are not observing any deceleration for the moment”, assures Aiman ​​Ezzat. “I expect there will be a slowdown, but I remain confident about our growth in 2023.”

Following various discussions with clients, the CEO expects them to prioritize “higher or faster ROI” projects, but “structural demand” related to digital transformation “remains strong”. “This demand can slow down, but it can’t stop,” insists the CEO.

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Data science: Capgemini to acquire Quantmetry

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