Cognizant to acquire AustinCSI

Cognizant to acquire AustinCSI

Cognizant’s clients, who are among the world’s largest enterprises, are investing in digital operating models to modernise their operations. To achieve their desired business outcomes, they count on us to apply our industry expertise and leading-edge advisory services to provide them with an end-to-end digital transformation strategy and industry-led solutions.

With that in mind, I’m delighted to announce that we’ve agreed to acquire AustinCSI, a premier digital transformation consultancy with a specialty in enterprise cloud and data analytics advisory services. This acquisition complements our technology prowess and vertical industry expertise, enriching our advisory capabilities for delivering comprehensive digital strategy as well as innovative solutions to clients.

Based in Dallas and privately held, AustinCSI has built a stellar reputation by improving business outcomes for some of the world’s most recognizable brands, particularly in the telecommunications, media, technology and automotive sectors, markets where Cognizant is also strong.

The firm’s more than 175 consultants design and deliver cloud and automation solutions, leveraging data to help businesses improve their decision-making and deliver better customer experiences and business outcomes. Adding AustinCSI’s enterprise cloud and data analytics expertise supports Cognizant’s strategic focus on expanding its Consulting Practice and advisory capabilities as we continue to move up the value chain by increasing our relevance to clients.

Targeted M&A remains an important tool for enhancing our competitiveness. We continue to focus on opportunities that are aligned with our strategy and value-accretive to our shareholders.

We look forward to welcoming AustinCSI’s talented cloud and data analytics experts to Cognizant Consulting at the expected close of the acquisition in Q4 of this year.

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30th November 2022