Capco has acquired US-based consultancy, Neos, expanding its growing insurance services offering.

As part of the transaction, Neos’s leadership team, including founder and managing partner, Ernst Renner, and its employees will be joining Capco.

Lance Levy, CEO of Capco, said: “The acquisition expands our capabilities and presence in the insurance sector, which is a key component of our growth strategy. This continues our focused approach of using targeted acquisitions to enhance specific capabilities that offer a strong business fit, and an opportunity to accelerate our growth. We have recently established insurance practices which we will grow through the addition of seasoned practitioners and teams. I am excited to welcome Ernst, and the NEOS team, to the Capco family.”

Ernst Renner, CEO and Managing Partner at NEOS, said: “Capco’s focus on business transformation and building solutions to deliver business value aligns perfectly with our own approach. Our decision to join Capco will expand our delivery capability and depth in areas we have been growing, notably digital transformation and data, and accelerate our ability to support our clients in those areas.”

The financial terms of the transaction were not disclosed.

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