Capgemini

Overview

Capgemini is a French multinational IT services and consulting corporation, one of Europe's largest technology services companies, with deep expertise in cloud, digital transformation, and engineering services.

Historical Timeline

• 1967: Founded as Sogeti by Serge Kampf in Grenoble, France
• 1973: Merges with CAP Gemini, forming Cap Gemini Sogeti
• 1996: Acquires Ernst and Young IT consulting division — doubles in size
• 2000: Renames to Capgemini; goes public on Euronext Paris
• 2016: Launches Capgemini Invent — innovation and design consulting arm
• 2024: Announces €1B AI investment; expands engineering services in North America

Business Model

Four business lines: Consulting (strategy and transformation — 25%), Technology (application development, cloud — 35%), Engineering (R&D, product design — 25%), and Operations (BPO, infrastructure — 15%). Revenue from long-term contracts with enterprise clients.

Moat Analysis

Deep partnerships with SAP, Salesforce, AWS, and Microsoft create certified talent advantage. European headquarters provides GDPR and data sovereignty expertise for EU clients. Engineering services for automotive and aerospace have high switching costs due to domain knowledge.

Key Data

• revenue: ~€22.5B (2023)
• employees: ~340,000 in 50+ countries
• cloud_revenue: ~40% of total
• clients: ~1,000+ enterprise clients
• market_cap: ~€30B

Interesting Facts

• Serge Kampf founded Capgemini at age 30 with just $1,000 — it became one of Europe's largest tech companies without any major startup funding.
• Capgemini name combines CAP (Centre d'Analyse et de Programmation) and Gemini — its original mainframe computing service.