Cognizant Acquires Multiple Firms to Boost Digital Transformation and Industry Expertise
Key Acquisitions in Brief:
- Thirdera Acquisition: Enhances cross-industry digital transformation capabilities with ServiceNow.
- Devbridge Acquisition: Expands software consultancy and product development offerings.
- TQS Integration: Leverages expertise to expedite Industry 4.0 transitions and medicine development.
- Belcan Acquisition: Adds digital engineering capabilities to Cognizant's portfolio.
Acquisition Details and Impact:
Cognizant Technologies continues its acquisition strategy with the purchase of Thirdera. This acquisition will strengthen Cognizant's position as a leading provider of ServiceNow-based digital transformation solutions across various industries.
The acquisition of Devbridge, a privately-held software consultancy and product development company, further expands Cognizant's capabilities in these areas.
Cognizant's acquisition of TQS will merge expertise to assist clients in transitioning to Industry 4.0 and accelerating the development of life-changing medicines.
The acquisition of digital engineering firm Belcan enhances Cognizant's portfolio of services and adds nearly 13 billion in revenue.
Since 2019, Cognizant has invested over $25 billion in acquisitions to expand its offerings in digital engineering, data, artificial intelligence, and the cloud.
Conclusion:
These acquisitions demonstrate Cognizant's commitment to providing comprehensive digital transformation solutions to its clients. By integrating the expertise of these acquired firms, Cognizant aims to enhance its offerings in various industry sectors and drive growth in its digital engineering business.
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