NEWS13 January 2021

Cognizant acquires Australian data firm

AI Asia Pacific Data analytics M&A News

AUSTRALIA – Professional services company Cognizant has agreed to acquire Sydney-based data analytics and artificial intelligence business Servian.

The agreement will expand Cognizant’s work in Australia and New Zealand, and Servian’s 500 staff will double the firm’s cloud and data team in the region.

Cognizant said the transaction is expected to close in the first quarter of 2021, subject to regulatory clearance and other closing conditions. The companies did not disclose the financial details of the acquisition.

The deal to acquire Servian is the 10th such agreement by Cognizant since January 2020.

Jane Livesey, chief executive of Cognizant Australia and New Zealand, said: “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.”

Tony Nicol, founder and chief executive of Servian, said: “We share Cognizant’s passion for innovation powered by digital technologies.

“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.”

@RESEARCH LIVE

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