Capco - Capco History

Capco History

Capco was founded in 1998 as The Capital Markets Company NV by Belgian entrepreneur Rob Heyvaert, with offices in Antwerp, London, New York and Frankfurt. In 1999, Capco opened an office in Paris, France.

In 2000, a round of strategic investment led by Thomas Weisel Capital Partners enabled the company to expand its European and international presence with additional offices in Europe, North America and Asia.

The company was rebranded as Capco in 2001. That year, the first issue of the Capco Journal of Financial Transformation was published by the Capco Institute.

In 2004, Capco began a major growth initiative in Germany and was successful in building a major presence in the German market in a short period of time. The Bangalore, India, office opened and increased its staff to approximately 100 people in the space of twelve months. Capco opened its Toronto office in 2005 to serve key clients in the Canadian market.

In 2006, Symphony Technology Group (a private equity firm based in Palo Alto, California, U.S.) and Capco management purchased all outstanding shares in the company. The following year Capco acquired City Practitioners Limited of London, U.K.

In 2009, Capco opened new offices in Chicago and Washington, D.C. as the business expanded its presence in North America, growing from 75 to 475 employees in the space of a little over a year. Capco also expands presence in Europe by opening an office in Geneva, Switzerland strengthening its Wealth & Investment Management capabilities.

In 2010, Capco was acquired by Fidelity National Information Services (NYSE: FIS), one of the world’s largest providers of banking and payments technology. The move significantly extended the reach and services of Capco to offer both technology leadership and service excellence to leading financial services institutions worldwide. Capco retained its own distinct brand. Capco founder and CEO Rob Heyvaert became a Corporate Executive Vice-President of FIS, a member of the FIS Executive Management Team, while continuing in his role as CEO of Capco. In his broader role, Heyvaert became responsible for the strategic direction of FIS’ professional services. Capco’s prior majority shareholder, Symphony Technology Group, did not retain any equity or interest in the combined entity on completion of the transaction.

Also during 2010, Capco launched a significant growth initiative in the U.K. and opened additional offices in Amsterdam (the Netherlands), and Zurich (Switzerland). At that time, Capco totaled 13 offices worldwide with a presence on three continents.

Capco opened a Johannesburg, South Africa, office in 2011. A global team of Capco employees participated in a climb of Mount Kilimanjaro, in association with the leading international development charity VSO, as part of Capco’s growing Corporate Responsibility program. By the end of the year, the Capco global office network had grown to 15 offices worldwide with a presence on four continents.

In 2012, Capco opened its sixteenth office with a Slovakia-based nearshore center in Bratislava to complement its India-based offshore operations, enabling Capco to offer a truly global delivery model to its financial services clients worldwide. In January 2013, Capco opened an onshore delivery center, located in Orlando, Florida to supply financial institutions commodity technology services in conjunction with expert strategy provided by Capco’s consultants.