The intelligence technology company Cognizant has successfully entered into an agreement to acquire a consulting firm called SaaSfocus that specializes in digital transformation, taking the fuller advantage of the Salesforce Platform.
The deal is expected to close in the fourth quarter of 2018, subject to certain closing conditions. However, the financial details of the agreement have not been disclosed yet.
With this acquisition, the professional services company expects to expand its end-to-end digital transformation services and Salesforce cloud capabilities in the Asia Pacific region.
“This acquisition of a respected and successful Salesforce specialist underlines our commitment to helping clients in Australia and India digitally transform their businesses and reshape the way they interact with their customers,” said Jayajyoti Sengupta, Head of APAC at Cognizant.
“Customer relationship and service management systems are at the core of our clients’ digital strategies. We look forward to welcoming the SaaSfocus team to Cognizant and combining our strengths to create new transformative digital solutions for our clients,” he added.
Founded in 2009, SaaSfocus is one of the largest specialized technology consulting company that helps blue-chip customers around the financial services, insurance, manufacturing, and automotive industries realize their digital transformation goals. The firm as of now has implemented more than 1,500 Salesforce projects.
Though the size of the deal has not been revealed, it has been stated that the company will absorb all 350 employees of SaaSfocus. SaaSfocus is one of the largest independent Salesforce Platinum consulting partners in the Asia-Pacific (APAC) region. Its operations are present in Australia and India as well.
“Cognizant’s global delivery footprint, digital expertise and unique culture of innovation and empowerment made it a natural fit for SaaSfocus,” stated Amit Choudhary, Partner and ANZ CEO of SaaSfocus. “Combining Cognizant’s global capabilities, deep domain expertise and digital solutions with SaaSfocus’s specialized Salesforce consulting competencies will help us accelerate our clients’ digital transformation journeys and create global opportunities for our employees.”
This acquisition will further help both the companies to grow and excel in their particular fields. The both with combined efforts can bring a major change in the technology space.