Kanbay
Encyclopedia
Kanbay International, Inc. was a Chicago
-based global information technology
(IT) services firm with about 6900 associates worldwide. Founded in 1989, the organization offered management consulting
, technology integration
, application development
, and outsourcing
strategies for industries
including financial services
, consumer
and industrial products, communication
s and media
, and life sciences.
Kanbay had offices in North America
, India
, London
, Singapore
, Hong Kong
, and Melbourne
.
On October 26, 2006, services firm Capgemini
made a US$1.25 billion bid for Kanbay, the US-based IT consultants, in a bid to expand its footprint into the US and Indian markets.
Credit services, including credit cards, debit cards, smart cards and all the systems that make them work. Kanbay works with 4 of the top 5 credit card issuers across the globe and they are host to the world’s largest concentration of VisionPLUS
programmers.
Securities & investments, including trading, brokerage, and investment banking. 4 of the 5 bulge bracket firms are Kanbay clients.
Consumer & industrial products Kanbay’s acquisition of Adjoined brought them some of the largest beverage and food companies in the world and industry-leading names in retail, toys and cosmetics.
Life sciences, Adjoined’s life sciences industry vertical encompasses labs, pharmaceutical companies and distributors, biotechnology firms, medical diagnostic firms, and medical device manufacturers. Our clients include 3 of the top 5 pharmaceutical companies in the world, 2 of the top 3 pharmaceutical distributors.
Telecommunications & media, This industry serves the industry leaders in wireless, cable and Internet technologies plus key players in traditional media. Clients include 2 of the 4 largest wireline carriers and 2 of the 3 largest wireless carriers in the United States.
Management consulting
» Supply chain management
» Customer value management
» Research services
Technology integration
» Customer relationship management
» Enterprise resource planning
» Business intelligence
Application development
» Enterprise architecture
» Legacy modernization
» Web enablement
» Independent testing services
Outsourcing & maintenance
» Application maintenance
» Production support
» Infrastructure management
» Level III application hosting
In 1991, Kanbay established its India office to support delivery of software development services, and in 1992, it established a Hong Kong office to serve the Pacific Rim.
1995 saw Kanbay establish what was to become its largest development center. From its new center in Pune (India)Kanbay refined its multi-site approach to address complex issues of project management.
In August 1998, venture capital firm Safeguard Scientifics, Inc acquired an interest in Kanbay. That November, Kanbay established a Singapore office to expand its ability to serve the Pacific Rim market.
In April 1999, Kanbay established an Australia office in Melbourne, and in June established its UK office in Cambridge.
In October 1999, Kanbay acquired Megatec, a $15 million Melbourne, Australia-based eBusiness products and solutions firm.
Partnering for success took on a new meaning when in 2000 Morgan Stanley and Household International acquired an equity interest in Kanbay.
In June 2001, Kanbay announced its ISO 9001 certification and in September it established an office in Tokyo. Kanbay inaugurated its technology center in Pune, India in October 2001.
Kanbay's India operation expanded to Hyderabad in 2003. In the same year, it achieved its first CMM Level 5 certification for project work. In 2004, Kanbay received one of the first global assessments for CMM Level 5.
2004 also brought two Kanbay milestones. In July, Kanbay International became a publicly traded company, listing on the NASDAQ under the symbol KBAY.
In early 2005, the company acquired Accurum, an IT services provider to the capital markets industry. On August 3, 2005 the company celebrated its one year anniversary as a public company by ringing the NASDAQ bell to open trading.
In early 2006, Kanbay acquired Adjoined Consulting a professional services firm. In particular, Adjoined offered formal management consulting and added its ERP implementation capability to Kanbay
Kanbay is now a division of Capgemini under the name FS-GBU (Financial Services Global Business Unit).
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
-based global information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
(IT) services firm with about 6900 associates worldwide. Founded in 1989, the organization offered management consulting
Management consulting
Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....
, technology integration
Technology Integration
Technology Integration is the use of technology tools in general content areas in education in order to allow students to apply computer and technology skills to learning and problem-solving...
, application development
Software development
Software development is the development of a software product...
, and outsourcing
Outsourcing
Outsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...
strategies for industries
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
including financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
, consumer
Consumer product
A consumer product is generally any tangible personal property for sale and that is used for personal, family, or household for non-business purposes. The determination whether a good is a consumer product requires a factual finding, on a case-by-case basis...
and industrial products, communication
Communication
Communication is the activity of conveying meaningful information. Communication requires a sender, a message, and an intended recipient, although the receiver need not be present or aware of the sender's intent to communicate at the time of communication; thus communication can occur across vast...
s and media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
, and life sciences.
Kanbay had offices in North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, and Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
.
On October 26, 2006, services firm Capgemini
Capgemini
Capgemini is a French global IT services company, one of the world's largest management consulting, outsourcing and professional services companies with a staff of 114,274 operating in 40 countries. It is headquartered in Paris and was founded in 1967 by Serge Kampf, the current chairman, in...
made a US$1.25 billion bid for Kanbay, the US-based IT consultants, in a bid to expand its footprint into the US and Indian markets.
Industries
Banking, serving retail and private banking, business and consumer lending, and general financial services. Three of the top five global banks were Kanbay clients.Credit services, including credit cards, debit cards, smart cards and all the systems that make them work. Kanbay works with 4 of the top 5 credit card issuers across the globe and they are host to the world’s largest concentration of VisionPLUS
VisionPLUS
VisionPLUS is a financial software application from First Data Corporation. Originally developed by the Paysys Research and Development Group, this application is mainly used for credit card transaction processing by multinational banks and transaction processing companies...
programmers.
Securities & investments, including trading, brokerage, and investment banking. 4 of the 5 bulge bracket firms are Kanbay clients.
Consumer & industrial products Kanbay’s acquisition of Adjoined brought them some of the largest beverage and food companies in the world and industry-leading names in retail, toys and cosmetics.
Life sciences, Adjoined’s life sciences industry vertical encompasses labs, pharmaceutical companies and distributors, biotechnology firms, medical diagnostic firms, and medical device manufacturers. Our clients include 3 of the top 5 pharmaceutical companies in the world, 2 of the top 3 pharmaceutical distributors.
Telecommunications & media, This industry serves the industry leaders in wireless, cable and Internet technologies plus key players in traditional media. Clients include 2 of the 4 largest wireline carriers and 2 of the 3 largest wireless carriers in the United States.
Services
Kanbay's services are divided into four areas: management consulting, technology integration, application development and outsourcing and maintenance.Management consulting
» Supply chain management
» Customer value management
» Research services
Technology integration
» Customer relationship management
» Enterprise resource planning
» Business intelligence
Application development
» Enterprise architecture
» Legacy modernization
» Web enablement
» Independent testing services
Outsourcing & maintenance
» Application maintenance
» Production support
» Infrastructure management
» Level III application hosting
Management structure
Geographic regions are led by local managers and directors, some of whom sit on the company’s Global Executive Council. Kanbay's leadership team is not all based at company headquarters in Chicago—they are based across our regions to be close to Kanbay clients and associates, the company claims.History
Kanbay was founded in 1989 by Raymond J. Spencer, Dileep Nath, and John Patterson in Chicago, IL.In 1991, Kanbay established its India office to support delivery of software development services, and in 1992, it established a Hong Kong office to serve the Pacific Rim.
1995 saw Kanbay establish what was to become its largest development center. From its new center in Pune (India)Kanbay refined its multi-site approach to address complex issues of project management.
In August 1998, venture capital firm Safeguard Scientifics, Inc acquired an interest in Kanbay. That November, Kanbay established a Singapore office to expand its ability to serve the Pacific Rim market.
In April 1999, Kanbay established an Australia office in Melbourne, and in June established its UK office in Cambridge.
In October 1999, Kanbay acquired Megatec, a $15 million Melbourne, Australia-based eBusiness products and solutions firm.
Partnering for success took on a new meaning when in 2000 Morgan Stanley and Household International acquired an equity interest in Kanbay.
In June 2001, Kanbay announced its ISO 9001 certification and in September it established an office in Tokyo. Kanbay inaugurated its technology center in Pune, India in October 2001.
Kanbay's India operation expanded to Hyderabad in 2003. In the same year, it achieved its first CMM Level 5 certification for project work. In 2004, Kanbay received one of the first global assessments for CMM Level 5.
2004 also brought two Kanbay milestones. In July, Kanbay International became a publicly traded company, listing on the NASDAQ under the symbol KBAY.
In early 2005, the company acquired Accurum, an IT services provider to the capital markets industry. On August 3, 2005 the company celebrated its one year anniversary as a public company by ringing the NASDAQ bell to open trading.
In early 2006, Kanbay acquired Adjoined Consulting a professional services firm. In particular, Adjoined offered formal management consulting and added its ERP implementation capability to Kanbay
Kanbay is now a division of Capgemini under the name FS-GBU (Financial Services Global Business Unit).
Technology service lines
- Mainframe and midrange services
- Distributed Systems
- Testing Services (Functional, Performance, Security, Usability, Automation)
- Business Intelligence
- Management Consulting
- Customer Relationship Management
- End-to-end solutions.
External links
- http://www.nasdaq.com/reference/200508/market_open_080305.stm
- Kanbay website