Cognizant (Nasdaq: CTSH) is to acquire Servian, a Sydney, Australia-based, privately-held enterprise transformation consultancy specializing in data analytics, artificial intelligence, digital services, experience design, and cloud.
The amount of the deal – expected to close in the first quarter of 2021, subject to regulatory clearance and other closing conditions – was not disclosesd.
Servian is Cognizant’s 10th digital-focused acquisition announced since January 2020. The deal expands Cognizant’s integrated, end-to-end digital transformation capabilities in Australia and New Zealand (ANZ) to help clients move to the cloud, build digital products and services, and open value from data, modernize enterprise applications, and achieve operational excellence.
Led by Tony Nicol, Founder and CEO, Servian provides services across data and analytics, cloud infrastructure, DevOps, UI/UX, customer engagement, cybersecurity, artificial intelligence, and IoT. The company also provides advisory services to help organizations define and execute on their IT strategy, as well as managed services to manage and run platforms on behalf of its customers. Servian brings expertise in all major digital technologies and has partnerships with the largest names in the industry, including Google, Microsoft, Amazon Web Services, Salesforce, Snowflake, Oracle, HashiCorp, Talend, Informatica, and Red Hat.
Founded in 2008, the company has worked with more than 190 major companies in ANZ in the banking, telecommunications, insurance, retail, and government sectors, including eight of ANZ’s 15 largest companies. Upon the close of the acquisition, Servian’s more than 500 technology and consulting professionals, based primarily in Australia and New Zealand, will join Cognizant, doubling the size of Cognizant’s cloud and data team in ANZ.
Cognizant’s more than 1,200 professionals in Australia – led by Jane Livesey, CEO, Cognizant Australia and New Zealand – serve more than 110 clients, including top Australian banks, insurers, retailers, and communications companies. In the last few years, the company has consistently strengthened its in-country cloud, product engineering, platform, Salesforce, and Workday capabilities to expand its digital business in Australia.
FinSMEs
11/01/2020