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.”
About: Servian data and analytics. We drive competitive advantage for our customers by enabling them to become truly data driven. We help organisations design and implement robust enterprise data management strategies and data warehouse builds that ensure the security, accuracy and reliability of data. That is only the start of the journey. We can also transform and operationalise your analytics so you can use data to proactively respond to customers needs rather than interpreting past behaviour.
Our services in data and analytics span across advisory, consulting and managed services.