Capgemini UK plc has won a five-year IT outsourcing contract to host the IT infrastructure of C.Hoare & Co, the UK’s leading independent bank. The new 24x7 service takes effect from June 2008 following a short transitional period during which the bank’s main IT hardware will be moved from the C. Hoare & Co headquarters in Fleet Street to a secure Capgemini data centre in the UK.
The contract was signed following a detailed evaluation process involving competitive bids by a number of IT vendors.
Alexander Hoare, Chief Executive of C.Hoare & Co, said: ‘Our strength as a bank lies in our provision of first-class personal service to our clients backed by high levels of efficiency and excellent data, and we are confident that working with Capgemini will maintain and enhance the IT service which provides vital underpinning for our work.’
The bank says that its contract with Capgemini will also improve the cost-effectiveness of its IT support, provide access to the expertise of a global leader in technology and outsourcing, and enable valuable space occupied by computer facilities at its Fleet Street headquarters to be made available for other business activities.
C.Hoare & Co was founded in 1672 and its contract with Capgemini is a landmark in the bank’s 336-year history. The bank’s customers have included Samuel Pepys, Lord Byron, David Garrick, Thomas Gainsborough, Lord Palmerston and Anna Pavlova. Its archives are an important source for those researching the history of banking and British social history. Its website is rich in historical detail, including the work of former chairman Sir Richard Hoare who, as Lord Mayor of London in 1745, organised the city’s defences against possible attack by Bonnie Prince Charlie.
The bank has doubled its balance sheet and profits over the past five years and plans to do the same over the next five. It remains a family business and its customers are discerning individuals and organisations seeking the kind of personalised service not always provided by larger banks.
Kevin Roe, Account Director at Capgemini UK, said: ‘We are delighted to work with such a respected institution in the UK financial arena and we look forward to delivering a service to C.Hoare & Co that matches in excellence that provided by the bank to its own clients.’
Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working - the Collaborative Business Experience - and through a global delivery model called Rightshore®, which aims to offer the right resources in the right location at competitive cost. Present in 36 countries, Capgemini reported 2007 global revenues of EUR 8.7 billion and employs over 83,000 people worldwide.
More information is available at www.uk.capgemini.com.