Cognizant Technology Solutions on Wednesday said it has agreed to acquire Contino, a privately held technology consulting firm, for an undisclosed amount. The transaction is expected to close in the fourth quarter of 2019.
Earlier this year, Cognizant acquired fintech software firm Meritsoft, and life sciences manufacturing technology company Zenith Technologies. Including the Contino acquisition, Cognizant has acquired 14 companies so far since 2017, most of which are in the digital space.
The company will announce its third quarter earnings on 30 October.
“Contino specializes in helping global 2,000 clients accelerate their digital transformation by leveraging enterprise DevOps methodologies, a cloud-native development approach, and advanced data platforms," Cognizant said in a statement.
Contino’s expertise lies in building cloud platforms, implementing enterprise DevOps, modernizing IT security through DevSecOps and cloud security services, developing cloud-native software, and building data platforms and implementing advanced analytics to gather and analyse data from multiple sources.
“The DevOps approach to cloud migration, core modernization and cloud security is reshaping how enterprises in all industries are building their infrastructures. This new set of holistic cloud capabilities from Contino will enable us to offer and more readily deploy transformative cloud-based solutions," said Brian Humphries, chief executive officer (CEO) of Cognizant.
Contino was co-founded by Matt Farmer and Benjamin Wootton, who serves as chief executive and chief technology officer, respectively. Based in London, Contino has approximately 350 employees worldwide with operations in the UK, US and Australia.
Contino’s consulting and engineering teams have completed more than 200 enterprise engagements since 2014. Clients have included more than 100 of the world’s leading brands such as Adidas, Allianz, Barclays, Dow Jones, JetStar, Lloyds Bank, Morgan Stanley, National Australia Bank, and Vodafone, among others.