Cognizant, an American multinational information technology services and consulting company, agreed to acquire professional services and application management services businesses from OneSource Virtual, a provider of workday services, solutions, and products. Financial terms were not disclosed. "We believe that our shared value of customer centricity makes Cognizant the ideal home for our professional services and application management services businesses while we concentrate on the Business Process as a Service division going forward. We also believe customers will appreciate the way this sharpens the focus of the professional services, application management, and BPaaS teams and enables them to operate independently to speed up investment in new products and geographical expansion. In the end, what we are all about is providing growth and innovation for our customers, and we are confident that this will enhance our ability to do that more effectively," Trey Campbell, OneSource Virtual CEO.