CIOReviewIndia Team | Monday, 11 January 2021, 15:22 IST
IT giant Cognizant on Monday announced of acquisition of Linium, which is a cloud-transformation consultancy group. It is its second acquisition in a single day after acquiring Servian, which is an Australia-based enterprise transformation consultancy firm, specialized in data analytics, artificial intelligence, digital services and cloud.
With these two fresh acquisitions, Cognizant has announced a total of 11 acquisitions in the past 12 months after an investment of approximately $1.4 billion in its strategic digital focus fields of cloud, data and artificial intelligence, digital engineering, and internet of things.
Now, as Cognizant completes Linium transaction, the company’s cloud strategy will get acceleration, thereby stamping on Cognizant’s seventh cloud-related acquisition since January 2020.
Malcolm Frank, President, Digital Business and Technology, Cognizant, said, "Creating more agile workflows in the cloud is a priority for our clients, and together with Linium, we can now provide world-class, enterprise-wide ServiceNow expertise to customize workflows for customers and employees. We look forward to Linium's team joining Cognizant.”
Linium operates as the ServiceNow business unit of Ness Digital Engineering, a privately-held portfolio of the company of The Rohatyn Group.
Joe Burke, Co-Founder, Linium, said, "ServiceNow continues to gain market relevance, and by combining Linium's skills and knowledge with Cognizant's scale and rich expertise in cloud, digital engineering, automation, and other pivotal technologies, we will be well-positioned to capitalize on the market opportunities ahead.”
The transactions of both Linium and Servian are expected to close in the first quarter of 2021.
