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New Deal


Announced

Cognizant to acquire Lev.

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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digital marketing consulting

Majority

Private

Pending

Single Bidder

Management Consulting

Friendly

United States

Acquisition

Synopsis

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Cognizant, one of the world's largest professional services companies, agreed to acquire Lev, a privately-held, digital marketing consultancy in the US. Financial terms were not disclosed. "Marketers face ever-increasing expectations to take their campaigns to the next level and drive even more value. Lev provides the strategic consulting and technical expertise for Marketing Cloud that enables marketers to create deeper connections with their customers and deliver strong ROI. We are thrilled to be joining Cognizant with their rich expertise in data, cloud, and Salesforce solutions. Together, we will be able to address a broader array of business and technology challenges for our clients," Michael Burton, Lev CEO.

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