Kanbay International, Inc. was an Indian-based global information technology (IT) services firm with approximately 6900 associates worldwide that later created a second Headquarters in the United States. Founded in 1989, the organization offered management consulting, technology integration, application development, and outsourcing strategies. Kanbay is now a division of Capgemini under the name Financial Services Strategic Business Unit (FS-SBU).
History
Kanbay
Kanbay was founded in 1989 by Raymond Spencer of Australia, John Patterson of Canada, and Dileep Nath of India. All three had worked together in the late 1980s at the Institute of Cultural Affairs, a nonprofit in Maharashtra. Spencer lived in Chicago at the time when Kanbay was established, and headquarters were placed there.[1] In September 1998, venture capital firm Safeguard Scientifics, Inc. acquired an interest in Kanbay, equating to roughly 25 percent.[2]