Cognizant and Capgemini close acquisition deals

IT giants Cognizant and Capgemini have closed acquisitions in Europe by buying French testing firm Galileo and UK's Strategic Systems Solutions respectively. Both the companies are looking at expanding in the second largest market for information technology.
 
Cognizant has acquired Galileo Performance, a Paris-based provider of IT testing consulting services. Galileo will expand and complement Cognizant’s fast-growing global testing practice, currently among the world's largest with more than 10,000 testing professionals while strengthening its existing business presence in France.
 
French IT major Capgemini has completed the acquisition of UK-based Strategic Systems Solutions (SSS) by acquiring remaining 51% stake of the company. The deal with UK's Strategic Systems will help Capgemini boost its presence in the capital markets sector and add new platforms in China and the Philippines. Capgemini owned 49% of SSS, and will now fully integrate SSS with its existing capital markets unit in the Financial Services Global Business Unit.