Cognizant announced the acquisition of US-based AustinCSI, a digital transformation and management consultancy firm specializing in enterprise cloud and data analytics advisory. This deal complements Cognizant’s technology prowess and vertical industry expertise, enriching its advisory abilities to offer clients a broad digital strategy and innovative solutions.
Financial details were not revealed. The transaction is expected to complete in the Q4 of 2022, subject to the fulfillment of closing conditions.
“Client demand for end-to-end digital strategy and industry-specific solutions continues to accelerate,” said Michael Valocchi, Senior Vice President, Head of Cognizant Consulting and Americas Strategy. “AustinCSI has built a stellar reputation by improving business outcomes for some of the world’s most recognizable brands, particularly in the telecommunications, media, technology and automotive sectors, markets where Cognizant is also strong. We look forward to welcoming AustinCSI’s talented experts to our team and further enriching the value we’re providing to our clients as they embrace the cloud, AI, data analytics, and other advancing technologies.”
Based in the technology hub of Dallas, Texas, AustinCSI provides consulting services for Fortune 500 customers across the sectors. The privately held firm has more than 175 consultants who develop and deliver cloud and automation solutions, leveraging data to assist enterprises in enhancing their decision-making and providing enhanced customer experiences and business results.
“We’re excited by the opportunity to become part of Cognizant and combine our strengths in delivering advanced and transformative technologies to clients,” said Karen Moree, CEO, and Co-Founder of AustinCSI. “Together, we can provide more impact for our current clients with broader capabilities in emerging digital technologies and reach a wider market leveraging Cognizant’s global scale.”
Counting AustinCSI’s enterprise cloud and data analytics expertise supports Cognizant’s strategic priority on growing its Consulting practice and advisory abilities to deliver clients with end-to-end digital transformation strategy and industry-led solutions.
Cognizant also continues to invest in developing capacities in four key technology areas: data and artificial intelligence, cloud, digital engineering, and the Internet of Things (IoT).