Cognizant (Nasdaq: CTSH) is to acquire Linium, a Albany, New York-based cloud transformation consultancy group specializing in the ServiceNow platform and solutions for smart digital enterprise workflows.
The amount of the deal – expected to take place in the first quarter of 2021 – was not disclosed. Upon the close of the transaction, Linium’s approximately 150 professionals will join Cognizant’s global ServiceNow practice.
The deal will further accelerate Cognizant’s cloud strategy, marking the company’s seventh cloud-related acquisition since January 2020, and continued investment in expanding capabilities in the strategic focus areas of cloud, data and artificial intelligence, digital engineering, and Internet of Things. Including Linium, Cognizant has announced approximately $1.4 billion in acquisitions over the past 12 months in these areas.
Led by Joe Burke, Co-Founder, Linium operates as the ServiceNow business unit of Ness Digital Engineering, a privately-held portfolio company of The Rohatyn Group, which allows Fortune 100 clients and others to leverage cloud technology to improve operational efficiency and user experience.
Since ServiceNow was established in 2004, Linium has delivered more than 3,500 engagements for digital platform development, customization, and management services. The company holds more than 300 ServiceNow certifications, and its dedicated teams focus on client engagements across a variety of industries including telecom, insurance, and technology. More than a third of Linium’s clients are Fortune 100 companies.
Linium also has operations in Canada, India, and the UK.
FinSMEs
11/01/2020