Accenture has acquired Xoomworks Group, a consulting and technology company that specializes in procurement technology, digital innovation and software solutions development. The acquisition will expand Accenture’s capabilities for helping clients accelerate technology-led business and procurement transformation. Terms of the transaction were not disclosed, the statement said. Established in 2000, Xoomworks operates two distinct businesses: Xoomworks Procurement, a specialist…
Cognizant India Chairman Rajesh Nambiar has been appointed as President, Digital Business and Technology of the US-based IT major, according to PTI report. He succeeds Malcolm Frank, who will retire from the company with effect from September 1, 2021. “On May 28, 2021, Malcolm Frank, Executive Vice President and President, Digital Business and Technology, notified Cognizant Technology Solutions Corporation of his…
Cognizant announced that it is acquiring Munich, Germany-based ESG Mobility, a digital automotive engineering R&D provider for connected, autonomous and electric vehicles. Financial details were not disclosed. ESG Mobility is a wholly-owned subsidiary of ESG Elektroniksystem – and Logistik – GmbH, a privately-held technology consultancy for the design, integration and operation of complex, security-related electronic…
Cognizant has entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services company headquartered in Minneapolis, Minnesota. Financial details were not disclosed. The acquisition will expand Cognizant’s software product engineering footprint, adding 475 employees in the U.S. across seven locations and more than 350 employees in Manila, Philippines, the statement said.…
Cognizant announced it has agreed to acquire Linium, a cloud transformation consultancy group specializing in the ServiceNow platform and solutions for smart digital enterprise workflows. Financial details of the deal were not disclosed. Linium, operating as the ServiceNow business unit of Ness Digital Engineering, a privately-held portfolio company of The Rohatyn Group, helps Fortune 100…
IT services firm Cognizant announced that it has created a new service line, Digital Business and Technology (DBT), by merging the two service lines Digital Business and Digital Systems and Technology, ET said in its report. Malcolm Frank, who was earlier heading Cognizant’s Digital Business Unit, will head the new service line. Gregory Hyttenrauch, who…
Cognizant announced it has acquired Inawisdom, a UK-based, privately-held consultancy specializing in artificial intelligence, machine learning, and data analytics to help businesses make better, faster decisions that improve business outcomes. Financial details were not disclosed. Cognizant has invested more than $1.1 billion this year alone for acquisitions. Inawisdom focuses on delivering cloud-native, full-stack solutions leveraging…
Cognizant announced it has agreed to acquire Bright Wolf, a privately-held technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions for Fortune 1000 companies. This is Cognizant’s eighth acquisition to date in 2020 to accelerate growth in the company’s key strategic focus areas of cloud, AI and analytics, software product engineering, and…