December 13, 2023
IT providers agency Cognizant Know-how Options Corp. (NASDAQ: CTSH) signed a deal to amass Thirdera, an IT providers and consulting supplier primarily based in Broomfield, Colorado, that focuses on the ServiceNow platform.
The acquisition brings an on-shore and near-shore international presence for Cognizant’s ServiceNow group.
“I consider the mixture of Cognizant’s deep business, AI and platform experience paired with Thirdera’s modern choices in enterprise transformation will place Cognizant on the forefront of thought management and innovation within the ServiceNow ecosystem,” Cognizant CEO Ravi Kumar S. mentioned in a press launch.
The deal is anticipated so as to add greater than 940 workers to Cognizant’s ServiceNow group. Thirdera has ServiceNow consultants in North America, Spain, Colombia, the Netherlands and Australia. Thirdera additionally operates a ServiceNow coaching platform referred to as Thirdera College.
Plans name for the deal to shut in January 2024. Phrases of the transaction weren’t introduced.
As well as, the deal comes after Cognizant’s and ServiceNow’s announcement in June of a strategic partnership to advance adoption of AI-driven automation throughout industries.
ServiceNow CEO Invoice McDermott mentioned in a press launch the Thirdera acquisition will enhance Cognizant’s potential to construct generative AI options.
“This acquisition places Cognizant nicely on their approach to constructing a $1 billion-plus joint enterprise that may speed up worth for our prospects,” McDermott mentioned.
