Cognizant, a professional services company, has announced they will acquire the global consultancy firm Collaborative Solutions.
“Collaborative Solutions, with its rich expertise and leading position in the Workday ecosystem, expands our opportunity in cloud by establishing a new practice area in this large, fast-growing market. Our combined strengths in cloud strategy and enablement will differentiate our offering, positioning us to provide full support to clients throughout their digital transformation journey.”
Greg Hyttenrauch, President, Digital Systems and Technology, Cognizant
Cognizant is well poised to make acquisitions in the current environment as they have a low debt burden and a sizeable cash position.