Monday, November 29, 1999

Cognizant acquires UK consulting firm

News posted by www.newsinfoline.com

New Delhi, May 10 (PTI) Nasdaq-listed IT services firm Cognizant today said it has acquired UK-based consulting firm PIPC Group, but did not disclose the terms of the transaction. Cognizant, which is focusing on strengthening its consultancy services, last year acquired Pepperweed Advisors, the IT consulting services division of US-based Pepperweed Consulting. With more than 200 professionals worldwide, primarily in the UK, Australia, New Zealand, and the US, PIPC helps leading global companies drive business transformation by providing industry-leading program management services, the company statement said. PIPC will extend and complement Cognizant''s existing project management and consulting capabilities and further Cognizant''s ability to provide integrated services across consulting, technology and business process outsourcing. "PIPC''s strategic program management offerings will strengthen our ability to manage increasingly complex global projects while expanding our geographic footprint, particularly in Australia, New Zealand and the UK," said Francisco D''Souza, President and CEO, Cognizant. "With 85,500 associates worldwide, Cognizant will provide the global delivery capability, experience and scale to enable PIPC to accelerate its growth ambitions," he said. "Our organizations have the right cultural fit, and together we can drive business transformation initiatives that combine high-quality consulting, IT, and business process outsourcing services with our advanced project management offerings," said Simon Rawling, Group Managing Director at PIPC. Cognizant''s solid first-quarter results prompted it to raise its outlook for the year.

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