Overview:
On January 10 & 11, 2021, Cognizant announced that it had entered into agreements to acquire Servian and Linium, respectively. While Servian is a data and analytics consulting firm, Linium is the ServiceNow business unit of Ness Digital Engineering.
Both the transactions are expected to close in the first quarter of 2021. Financial details were not disclosed.
About Cognizant:
Cognizant is one of the world's leading professional services companies, with a focus on IoT, AI, software engineering and cloud services.
Headquartered in Teaneck, NJ, Cognizant is ranked 194 on the Fortune 500.
About Servian:
Funded in 2008, Servian is a data and analytics consulting firm. It specializes in providing data analytics, artificial intelligence, digital services, experience design, and cloud services to the banking, telecommunications, insurance, retail, and government sectors.
It has over 500 employees.
It is headquartered in Sydney, Australia.
About Linium:
Linium is the ServiceNow business unit of Ness Digital Engineering. It provides digital platform development, customization, and management services.
It has delivered over 3,500 successful engagements across the telecom, insurance, and technology verticals. More than a third of Linium's clients are Fortune 100 companies.
It has c. 150 employees.
Headquartered in Albany, NY, it also has operations in Canada, India, and the UK.
Rationale of Transactions:
While Servian significantly expands Cognizant's integrated, end-to-end digital transformation capabilities in Australia and New Zealand (ANZ) and Linium expands Cognizant’s capabilities in cloud strategy and ServiceNow consulting services.
These transactions substantiate Cognizant’s continued focus on expanding capabilities in the strategic focus areas of cloud, data and artificial intelligence, digital engineering, and IoT. Including these two transactions, Cognizant has announced c. $1.4bn in acquisitions over the past 12 months in these areas.
The Chesapeake Group was not an advisor to either party in either of the transactions.
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