American IT company Cognizant recently revealed its plans to acquire Servian, an Australian consultancy firm Servian, reported ZDNet. This is expected to help cement Cognizant’s presence in Australia and New Zealand.
Servian is the 10th firm purchased by the multinational with a focus on technology since it started in January 2020.
The specifics of the transaction is yet to be known. However, the acquisition is expected to be completed within the first quarter of this year after regulatory clearance and other conditions.
Servian, which offers “transformation” services, specializes in data analytics, digital services, and experience design. It currently employs 500 technology and consultancy personnel across the region.
Cognizant has about 1,200 staff in Australia. It caters to clients across different industries such as insurers, retailers, banks, and communications.
Cognizant is optimistic about the acquisition and expects to enter the Australia and New Zealand market with new offerings with the help of Servian. This includes data and artificial intelligence, as well as digital engineering, Internet of Thing (IoT), and cloud computing.
The multinational firm’s Australia and New Zealand CEO Jane Livesey said, “Cognizant’s extensive digital expertise combined with Servian’s strengths… will open up the power of digital transformation for out Australasian clients.”
Livesey added, “We look forward to welcoming Servian’s talented digital-native professionals to Cognizant.”
The Australian company is also positive about this agreement. CEO and founder Tony Nicol said that Servian “shares Cognizant’s passion for innovation powered by digital technologies.”
According to PR Newswire, Nicol emphasized, “Enabling clients to leverage their data assets for accelerating business transformation and driving competitive advantage is at the heart of our success.”
He added, “With Cognizant’s deep industry expertise and global scale, we will be able to apply our strengths in strategic challenges and opportunities presented by the digital economy.”
Servian has been working with over 190 major firms in Australia and New Zealand in various sectors, particularly finance, telecommunications, retail, and government. Its clientele includes 15 of the biggest companies in the region.
It also partnered with different tech giants such as Microsoft, Amazon Web Services, Google, Salesforce, Oracle, Red Hat, and other similar big-name companies. Its partnerships have also been recognized by the company through awards.
The acquisition is expected not only to expand the number of personnel handled by the Australian firm but also to widen its reach in terms of clientele and services offered, as well as the application of its technology and existing services.