Cognizant to acquire two firms to boost digital biz1 min read . Updated: 12 Jan 2021, 07:18 AM IST
- Cognizant to acquire Servian, a Sydney-based enterprise transformation consultancy specializing in data analytics, AI, as well as New York-based Linium, a cloud transformation consultancy group
BENGALURU : Cognizant Technology Solutions Corp. on Monday said it has agreed to acquire two companies to strengthen its cloud and digital business. It will acquire Servian, a Sydney-based enterprise transformation consultancy specializing in data analytics, artificial intelligence (AI), digital services, experience design, and cloud, as well as New York-based Linium, a cloud transformation consultancy group specializing in the ServiceNow platform.
Financial details of both the deals, which are expected to close this quarter, were not disclosed. Once the Servian deal closes, the company’s more than 500 technology and consulting professionals based primarily in Australia and New Zealand will join Cognizant, which will double the size of Cognizant’s cloud and data team in the region.
Also Read | How plant meat is coming of age in India
“Enterprises in Australia and New Zealand are at an inflection point in their digital adoption," said Jane Livesey, chief executive officer, Cognizant Australia and New Zealand. “Cognizant’s extensive digital expertise combined with Servian’s strengths as the premier technology partner in the region will open up the full power of digital transformation for our Australasian clients," Livesey said.
Servian is Cognizant’s 10th digital-focused acquisition since January last year while Linium marks Cognizant’s seventh cloud-related acquisition and the 11th in total in the last 12 months.
Including Linium, Cognizant has invested around $1.4 billion in acquisitions over the past 12 months in these areas.
Upon close of the acquisition, Linium’s approximately 150 professionals will join Cognizant’s global ServiceNow practice. Headquartered in Albany, New York, Linium also has operations in Canada, India, and the UK.