(RTTNews) – Cognizant Know-how Options Corp. (CTSH) explained Monday it has agreed to receive Linium, a New York-dependent cloud transformation consultancy group that specializes in the ServiceNow system and options for clever digital organization workflows. Fiscal aspects of the transaction were being not disclosed.
Linium operates as the ServiceNow business enterprise unit of Ness Digital Engineering, a privately-held portfolio corporation of Rohatyn Team. The corporation will help Fortune 100 consumers and other people leverage cloud technology to make improvements to operational performance and consumer working experience.
Cognizant expects its acquisition of Linium to shut in the initially quarter of 2021.
The organization observed that finishing this transaction will more speed up its cloud technique, marking its seventh cloud-linked acquisition since January 2020.
The acquisition also signifies Cognizant’s continued expense in expanding capabilities in the strategic target regions of cloud, details and artificial intelligence, digital engineering, and Net of Things.
Together with Linium, Cognizant has introduced about $1.4 billion in acquisitions over the previous 12 months in these spots.
Following ServiceNow was founded in 2004, Linium has delivered additional than 3,500 productive engagements for electronic system enhancement, customization, and management providers. Linium retains extra than 300 ServiceNow certifications.
Upon the shut of the acquisition, Linium’s virtually 150 workforce will sign up for Cognizant’s global ServiceNow observe. Albany, New York-primarily based Linium also has operations in Canada, India, and the Uk.
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