Cognizant acquires two firms in a day – Linium & Servian
Cognizant Technology Solutions has announced its acquisition of a cloud transformation consultancy group – Linium after the acquisition of Servian, an Australia-based, enterprise transformation consultancy firm specialising in data analytics, Artificial Intelligence (AI), digital services and Cloud, in a single day.
In the last 12 months, Cognizant has acquired 11 companies including the fresh two. The company has collectively invested approximately $1.4 billion in its strategic digital focus areas of cloud, data and artificial intelligence, digital engineering and Internet of Things.
With the completion of the Linium transaction, Cognizant’s cloud strategy will accelerate further marking the company’s seventh cloud-related acquisition since January 2020.
“Creating more agile workflows in the cloud is a priority for our clients, and together with Linium, we can now provide world-class, enterprise-wide ServiceNow expertise to customize workflows for customers and employees. We look forward to Linium’s team joining Cognizant,” said Malcolm Frank, President, Digital Business and Technology, Cognizant.
Linium operates as the ServiceNow business unit of Ness Digital Engineering, a privately-held portfolio company of The Rohatyn Group.
“ServiceNow continues to gain market relevance, and by combining Linium’s skills and knowledge with Cognizant’s scale and rich expertise in cloud, digital engineering, automation, and other pivotal technologies, we will be well-positioned to capitalize on the market opportunities ahead,” said Joe Burke, Co-Founder, Linium.
Cognizant on the same day also announced the acquisition of Servian prior to Linium.
“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,” said Jane Livesey, CEO, Cognizant Australia and New Zealand.
Cognizant’s more than 1,200 professionals in Australia are serving more than 110 clients, including top Australian banks, insurers, retailers, and communications companies.
“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 and opportunities presented by the digital economy,” said Tony Nicol, Founder and CEO, Servian.
Both Linium and Servian transactions are expected to close in the first quarter of 2021.