NEW YORK & HOUSTON, OCTOBER 25, 2019 - Capco, the leading technology and management consultancy focused on the financial services and energy industries, today announces the acquisition of ATOM Solutions LLC (‘ATOM’), a Houston, TX, based IT consultancy focused on delivering innovative solutions and services to companies in commodities trading.
The transaction will complement and extend Capco’s client offerings. ATOM’s leadership team, including founder Firoz Jhaver and Principal Sudhir Devappa, and all its employees will be joining Capco. Financial terms were not disclosed.
Founded in 2011, ATOM draws on deep domain expertise to support industry-leading asset managers in the commodity trading space to develop IT strategies and implement technology solutions. ATOM is one of a select group of partner firms in North America that are renowned experts in the use of Allegro®’s commodity trading and risk management (CTRM) software. The acquisition will allow Capco to access ATOM’s Allegro® capability to benefit its financial services and energy clients.
Lance Levy, CEO of Capco, said: “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. 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.”
Lance McAnelly, Managing Partner of the Capco Texas Region, said: “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. 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.”
Firoz Jhaver, former ATOM CEO and founder said: “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. 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.”
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Notes for Editors:
Capco is a global technology and management consultancy dedicated to the financial services and energy industries. Our professionals combine innovative thinking with unrivalled industry knowledge to offer our clients consulting expertise, complex technology and package integration, transformation delivery and managed services to move their organizations forward. Through our collaborative and efficient approach, we help our clients successfully innovate, increase revenue, manage risk and regulatory change, reduce costs, and enhance controls. We specialize in banking, capital markets, wealth and asset management, insurance and energy. We serve our clients from offices in leading financial centers across the Americas, Europe, and Asia Pacific. To learn more, visit our web site at www.capco.com, or follow us on Twitter, Facebook, YouTube, LinkedIn and Instagram.
About ATOM Solutions:
ATOM Solutions is an IT consultancy focused on delivering innovative solutions and services to companies in the commodities space. By leveraging deep domain expertise and employing industry best practices, the company works with clients to develop IT strategy and to craft and implement technology solutions. The company employs industry and IT best practices to enable consistent delivery of high-quality projects. ATOM is passionate about adding value to their customers’ businesses and on helping them realize a rapid return on their investments. For more information, please visit http://www.whoisatom.com