Cognizant, a leading professional services company committed to helping businesses run more innovative businesses, recently announced an upcoming acquisition. The Cognizant brand has agreed to purchase privately-held consultancy, Collaborative Solutions. The transaction is set to close during the second quarter of 2020.
The purchase of Collaborative Solutions, a company that currently leverages state-of-the-art cloud solutions to support successful client outcomes, will open new doors for Cognizant. Notably, the acquisition will add new HR and financial advisory and implementation services to the cloud offerings that Cognizant already has to offer. As one of the world’s leading Workday consultants, Collaborative Solutions helps clients in a range of industries to transform with cloud applications. Services include everything from organisational change management to strategy development, and HR.
Opening New Doors for Cognizant
According to the President of Digital Systems and Technology for Cognizant, Greg Hyttenrauch, running applications in the cloud is more crucial today than ever. Workday has become a crucial enterprise cloud suite, giving finance, HR, and other functions more agility and resiliency. Collaborative Solutions and its rich expertise and leading position in the Workday ecosystem expands the opportunities in the cloud by establishing a new practice area for the team.
Cognizant believes that its combined strengths with Collaborative Solutions will differentiate its portfolio in the current marketplace, positioning Cognizant to provide more support to clients throughout the entire digital transformation journey.
According to CEO of Collaborative Solutions, Carroll Ross, as one of the longest-tenured partners of Workday, the company has a great deal of expertise in driving HR and finance transformation. Collaborative Solutions is looking forward to working with Cognizant to deliver a greater scope of services to clients and help them accelerate their digital strategies.
Looking Forward to the Future
The team at Collaborative Solutions, which has been certified as a Great Place to Work organisation for the last five years, is looking forward to joining forces with Cognizant. According to Carroll Ross, Cognizant is an innovative Fortune 200 company that shares the passion Collaborative Solutions has for both employee and client success.
