Kanbay的 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

In October 2006, Capgemini has entered into a definitive agreement with Kanbay to acquire the latter for $1.25 billion USD, or $29 / share. The all-cash deal would be closed by early 2007. [1]