Capco announces acquisition of Atom Solutions

29 October 2019 2 min. read
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Technology and management consultancy Capco has acquired Atom Solutions LLX, an IT consultancy based in Houston, Texas. Full terms of the sale remain undisclosed, although Atom’s employees as well as founders Firoz Jhaver and principal Sudhir Devappa will join Capco. 

“This acquisition further strengthens our offerings to our financial services and energy clients as we help them seize new opportunities during this period of accelerated technological and market change,” Lance Levy, Capco CEO, said. “This represents our first step in pursuing acquisition opportunities where we see strong business and cultural alignment. I am excited to welcome Firoz, Sudhir and the Atom team to the Capco family.”

Atom was founded in 2011. The firm develops IT strategy, aiming to add value and increase return on investment for its clients. Its sale to Capco will allow the consultancy to leverage Atom’s experts in Allegro commodity training and risk management software. 

Capco announces acquisition of Atom Solutions LLC

“Atom is an established company with strong growth potential, and Capco is acquiring a respected and experienced group of consultants and an in-demand capability with Atom’s Allegro expertise,” Lance McAnelly, managing partner of the Capco Texas region, said. “There are clear synergies here in the financial services sector, where banks in the US and Europe are using Allegro within their commodities trading businesses, and we see real potential in that sector, as well as continued growth in the Energy sector.”

Capco, meanwhile, is headquartered London. The firm focuses on the financial services and energy industries. It specializes in banking, capital markets, wealth and asset management, insurance, and energy, and operates out of 27 global offices in the Americas, Europe, and the Asia Pacific region. Founded in 1998, it employs more than 5,000 people.

“The strength of Capco’s proposition, culture and our strong relationship with members of its executive team were key factors in our decision to agree to join Capco,” Firoz Jhaver, Atom founder and former CEO, said. “It will allow us to accelerate future growth opportunities through access to a wider client base, an expanded talent pool, Capco’s robust back office support and sales functions and its international reach.”