Startups
Acquisitions / Design / Finance

Capital One continues its design-happy acquisition spree

This week's acquisition of Oakland-based design firm Monsoon is the latest in a string of moves showing the D.C.-area bank's hunger for digital products.

In the next scene, the Monsoon banner turns into a Capital One banner. Voilà. (Screenshot via Vimeo)

Capital One, the McLean-based bank and credit card company that wants to change “the way you interact with money” with a growing digital arm, has put its money where its mouth is — again.
It has acquired Monsoon, an Oakland-based design firm with a roster of clients that includes HPMicrosoft and the NBA.
“You can’t just kind of dream it up,” Capital One Managing Vice President Skip Potter told Re/code. “You have to really attract the right talent.”
Monsoon, for its part, explained the move via animated video:
https://vimeo.com/132904005
In July 2014, the bank enlisted James Makoski, a former Google designer. Cue the justification game.
“And I don’t blame you if you’re like a few of my colleagues who think I’m a bit insane to leave one of the world’s most admired tech companies for a bank,” wrote Makoski, now Capital One’s VP of design, in a blog post at the time.
Last October, Capital One also purchased San Francisco-based UX firm Adaptive Path. “You can see where this is going, right? Somebody came along who finally, truly, seemed to get it,” Adaptive Path cofounder Jesse James Garrett wrote in a blog post explaining why the company took the buyout. “And that somebody, remarkably, turned out to be Capital One. I know, weird, right?”
Capital One’s growing design focus may help make our bank accounts more manageable. Then again, these acquisitions might well indicate the end of the design industry’s golden age. Enter the era of “Mass Extinction: The Corporate Takeover,” as Wired put it.

Companies: Capital One

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Top 3 vital trends founders should know before pitching investors in 2024

Leaders at Baltimore Region Investment Summit praise collaboration and push for equitable growth — EDA funding or not

DC lands $1.7B in Q2 venture capital, double the previous quarter’s raise

5 assistive tech platforms to propel the future of work for people with disabilities

Technically Media