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Announced

Cognizant to acquire AustinCSI.

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 consultancy

consulting services

Digital Services

Pending

digital transformation

Private

Single Bidder

Domestic

United States

Majority

Acquisition

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Synopsis

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Cognizant, an American multinational information technology services and consulting company, agreed to acquire AustinCSI, a digital transformation consultancy specializing in enterprise cloud and data analytics advisory services. Financial terms were not disclosed. "We're excited by the opportunity to become part of Cognizant and combine our strengths in delivering advanced and transformative technologies to clients. 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," Karen Moree, AustinCSI CEO.

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