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Cognizant Acquires Odecce, a digital solutions firm in Australia

Cognizant Technology Solutions is an American multinational corporation that provides custom information technology solutions, consulting and business process outsourcing services. The US based company is headquartered in Teaneck, New Jersey, United States. Cognizant has over 50 delivery centers worldwide and approximately 187,400 employees as of June 30, 2014, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000 and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world.

Cognizant announced acquisition of Odecee, a leading provider of digital solutions to enterprises in the Australia and New Zealand region. Odecce is founded in 2007 which delivers enterprise mobility, web and cloud solutions to clients in the financial services, insurance, healthcare, logistics, and communications industries. With this acquisition 150 digital specialists with expertise across enterprise mobile, web and cloud services will join Cognizant. This acquisition also brings Velocedee, a platform that helps centralize highly secure mobile applications and enables rapid implementation of core business processes across a range of mobile devices.

In a Press release, John Burgin, Regional Head for Australia and New Zealand, Cognizant stated that "Rapid consumerization of technology is driving business reinvention across industries and blurring the distinction between the physical and the digital worlds. As businesses become increasingly technology-intensive and physical processes get instrumented and digitized, our strong portfolio of services, coupled with our aggressive investments in SMAC (social, mobile, analytics and cloud) technologies, will help clients drive meaningful change and build ever more connected, collaborative, and real-time businesses. We welcome Odecee’s talented professionals to Cognizant and look forward to leveraging our combined strengths to empower clients to address the needs of the digital era."

This is the third acquisition in 3months. Earlier in the month of September Cognizant acquired Trizetto, A health care service provider for $2.7 billion in cash &in month of October Cognizant acquired digital marketing firm Cadient group for approximately $30 million.
"This is a strategic step forward for us and opens up a significant growth opportunity for us across newer technologies and industries," Odecee Co-founder and Managing Director Con Mouzourissaid.
Cognizant Acquires Odecce, a digital solutions firm in Australia Reviewed by Praveen P on Saturday, November 15, 2014 Rating: 5

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