In a recent announcement, Cognizant has entered into an agreement to acquire Sydney-based analytics consulting firm Servian, to enhance its digital portfolio. Servian specialises in the area of data analytics, artificial intelligence, cloud, IoT and other digital services. The financial details of the deal haven’t been disclosed, however, it is expected to close in the first quarter of 2021.
According to the statement released by Cognizant, apart from boosting the digital portfolio, the acquisition will also help in expanding market presence in Australia and New Zealand.
With its 10th digital-focused acquisition by Cognizant since January 2020, the company is strongly focused on accelerating its capabilities in data analytics, AI, digital engineering and other tech. Servian will help Cognizant to drive through these priority areas with its unique offerings.
The company stated that the acquisition of Servian will help Cognizant enhance the end-to-end digital transformation capabilities in Australia and New Zealand to help clients move to the cloud, build digital products and services, unlock value from data, modernise enterprise applications, and achieve operational excellence.
“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. We look forward to welcoming Servian’s talented digital-native professionals to Cognizant,” said Jane Livesey, CEO, Cognizant Australia and New Zealand.
“We share Cognizant’s passion for innovation powered by digital technologies. With Cognizant’s deep industry expertise and global scale, we will be able to apply our strengths in strategic advisory, engineering delivery, and managed services across an even broader spectrum of challenges,” said Tony Nicol, Founder and CEO, Servian.
Cognizant has so far acquired startups such as Code Zero, New Signature, Lev, Collaborative Solutions, to name a few in the cloud and digital space. With more than 1200 professionals in Australia, Cognizant has been aggressively working to strengthen its cloud hold, apart from expanding its team.
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Srishti currently works as Associate Editor at Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.