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Cognizant to acquire consultancy AustinCSI; terms not disclosed
The Fly

Cognizant to acquire consultancy AustinCSI; terms not disclosed

Cognizant announced it has entered into an agreement to acquire AustinCSI, a digital transformation consultancy specializing in enterprise cloud and data analytics advisory services. The transaction is expected to close in the fourth quarter of 2022, subject to satisfaction of closing conditions. Financial details were not disclosed. "Client demand for end-to-end digital strategy and industry-specific solutions continues to accelerate," said Michael Valocchi, Senior Vice President, Head of Cognizant Consulting and Americas Strategy. "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. We look forward to welcoming AustinCSI’s talented experts to our team and further enriching the value we’re providing to our clients as they embrace cloud, AI, data analytics, and other advancing technologies."

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