US-listed Cognizant has acquired privately-held Hedera Consulting, a company specializing in business advisory and data analytics services across a number of industry sectors. The purchase aims to expand Cognizant's consulting, business insight and digital transformation capabilities for clients in Belgium and the Netherlands.
Hedera Consulting which was founded in 2009, is a consulting company specialising in growth strategy, digitization, innovation and commercial excellence for clients across industries, including financial services and utilities. The terms of the transaction were not disclosed.
"In the Belgian and Dutch markets, companies are re-designing their business and IT operating models for the digital era," said Santosh Thomas, President, Global Growth Markets, Cognizant. "Hedera Consulting expands our ability to help these European clients create agile and digitally transformed enterprises that can act and react to the oceans of data for deeper customer insight, new product development, and to innovate and exploit new business opportunities."
"The most successful companies are the ones that reduce the time from informed insight to action," said Philip Lahey, Partner, Hedera Consulting. "By joining forces with Cognizant, we are even better positioned to help clients define their strategy, transform their businesses and gain insight and competitive advantage in their fast-changing, highly competitive marketplaces. Our combined industry and local knowledge and experience, as well as our strong joint team, will better enable our customers in the Belgian and Dutch markets to extract meaning from their data and use it to effectively shape their products, services and experiences."
Hedera Consulting becomes part of the Cognizant Consulting business unit.
