American IT giant- Cognizant has reportedly inked an agreement to acquire a Sydney-based enterprise transformation consultancy- Servian, which lays its expertise in AI, data analytics, experience design, digital services, and cloud services.
Notably, through the transaction, Cognizant aims at extending its end-to-end digital transformation expertise to New Zealand and Australia to help customers make a shift to the cloud, develop digital products and services, modernize enterprise applications, unlock value from data, along with achieving operational excellence.
According to Jane Livesey, CEO, Cognizant Australia and New Zealand, Cognizant’s vast digital expertise coupled with Servian’s strength as a leading technology partner will work towards digitally transforming both the nations.
Speaking along similar lines, Tony Nicol, Founder and CEO, Servian, stated that the company aims at allowing its clients to leverage their data assets to support business transformation and offer a competitive edge.
Through the acquisition, Australian tech firm is focusing on applying its strength in engineering delivery, strategic advisory, and managed services across the wide spectrum of opportunities and challenges offered by the digital economy.
Operating with over 1,200 professionals across Australia, Cognizant serves over 110 customers, comprising of leading Australian insurers, banks, communication, and retail companies. In the last couple of years, the IT giant has strengthened its product engineering, Salesforce, in-country cloud, and Workday offerings to expand its digital capabilities across Australia.
Servian, on the other hand, was established in 2008 and has worked with over 190 leading firms across telecommunications, insurance, banking, government, and retail sectors including top 15 Australia and New Zealand Banking Group companies.
It is worth mentioning that, after the acquisition, 500 technology and consulting professionals working in Servian that are based in Australia and New Zealand will join Cognizant, multiplying the size of the cloud and data team of Cognizant in ANZ.
In the past, Servian has partnered with some of the biggest names in the industry like Google, Amazon Web Services, Microsoft, Oracle, HashiCorp, Red Hat, Salesforce, and Informatica. For the record, the transaction is likely to close during the first quarter of 2021, subject to regulatory clearance.