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Cognizant to Acquire SaaSfocus to Expand Salesforce Cloud Consulting Capabilities

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Teaneck, NJ, USA, Aug, 2018 -- Cognizant (Nasdaq: CTSH) announced it has agreed to acquire SaaSfocus, a privately-held consulting firm specializing in digital transformation, leveraging the Salesforce Platform. The transaction is expected to close in the fourth quarter of 2018, subject to certain closing conditions. Financial details were not disclosed.

SaaSfocus is an independent Salesforce Platinum consulting partners in the Asia-Pacific (APAC) region with operations across Australia and India. The acquisition will expand Cognizant's end-to-end digital transformation services and Salesforce cloud capabilities in these growing markets.

"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."

"Cognizant's global delivery footprint, digital expertise and unique culture of innovation and empowerment made it a natural fit for SaaSfocus," said 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."

Mark Innes, Executive Vice President of APAC, at Salesforce, said, "As the global leader in CRM, Salesforce has well established and successful relationships with both Cognizant and SaaSfocus and we look forward to continuing our work with mutual clients in India, Australia and around the world."

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Posted by Veronica Silva Cusi, news correspondent
Source: https://investors.cognizant.com

Date Posted: Tuesday, August 28, 2018



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