A $26 billion software company is selling a US unit that has a contract with ICE [Yahoo! Finance]
CAPGEMINI SE UNSP/ADR (CGEMY)
NASDAQ:AMEX Investor Relations:
investors.capgemini.com
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Source: Yahoo! Finance
Anti-ICE protests in the US and abroad have intensified after recent shootings. French tech giant Capgemini is divesting a US subsidiary that held a contract with US Immigration and Customs Enforcement In a press release on Sunday, Capgemini said that "legal constraints" stopped it from controlling this subsidiary's operations. Capgemini has come under pressure from French lawmakers and its trade union over a contract its subsidiary signed with ICE. Capgemini Government Solutions has been under contract since December to provide software that can detect and locate foreign nationals, public records showed. Last week, Capgemini's CEO Aiman Ezzat wrote on LinkedIn that the company was recently made aware of "the nature and scope of this work." He added that the work raised questions about what the business and tech firm typically does. The company said the subsidiary made up 0.4% of its revenue last year, and the process to divest it would begin immediately. The $26 billion so
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News
- Companies are ditching business with ICE [Yahoo! Finance]Yahoo! Finance
- Companies are ditching business with ICE [CNN]CNN
- Companies are ditching business with ICE [CNN]CNN
- Capgemini to divest US government subsidiary amid regulatory constraints [Yahoo! Finance]Yahoo! Finance
- A $26 billion software company is selling a US unit that has a contract with ICE [Business Insider]Business Insider