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New Deal


Announced

Completed

Cognizant completed the acquisition of EI-Technologies from LBO France.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Private Equity

digital technology consulting

Majority

Single Bidder

France

Private

Digital Services

Cross Border

Completed

Synopsis

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Cognizant, an American multinational corporation that provides IT services, including digital, technology, consulting, and operations services, completed the acquisition of EI-Technologies, a Paris-based, privately-held digital technology consulting firm, from LBO France, a private equity firm. Financial terms were not disclosed. "We're determined to help our clients become fully digital, data-enabled, customer-centric businesses. Cloud has changed the way IT is delivered across infrastructure, applications and platforms, and is one of our strategic focus areas. EI-Technologies, based in France, would not only support our effort to further scale our international business but also add Salesforce expertise and capabilities to our cloud management portfolio," Brian Humphries, Cognizant CEO.

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