AustinCSI Founder and CEO Karen Moree and Founder Rizwan Sheikh [Photos: AustinCSI]
IT services and consulting company Cognizant announced that it has agreed to acquire AustinCSI, a Dallas-based digital transformation consultancy specializing in enterprise cloud consulting and data analytics.
New Jersey-based Cognizant said the acquisition complements its technology prowess and vertical industry expertise, enriching its advisory capabilities to provide clients with a comprehensive digital strategy as well as innovative solutions. Cognizant’s Texas headquarters is in Plano.
“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, in a statement.
Valocchi says AustinCSI “has built an excellent reputation for driving business results for some of the world’s most recognizable brands, particularly in the telecoms, media, technology and automotive sectors, markets where Cognizant is also strong.” .
AustinCSI provides consulting services to Fortune 500 clients in various industries, Cognizant said. Formerly privately held, AustinCSI has more than 175 consultants who design and deliver cloud and automation solutions, leveraging data to help companies improve decision-making and deliver better customer experiences and business outcomes, the company said.
“We are excited about the opportunity to become part of Cognizant and combine our strengths in delivering advanced and transformative technologies to clients,” AustinCSI CEO and co-founder Karen Moree said in a statement. “Together, we can deliver greater impact to our existing customers with broader capabilities in emerging digital technologies and reach a broader market by leveraging Cognizant’s global scale.”
The addition of AustinCSI’s cloud and data analytics expertise supports Cognizant’s strategic focus on expanding its consulting practice and advisory capabilities to provide clients with an end-to-end digital transformation strategy and industry-led solutions. Cognizant also continues to invest in expanding capabilities in four key technology areas: data and artificial intelligence, cloud, digital engineering and the Internet of Things.
“We look forward to welcoming AustinCSI’s talented experts to our team and further enriching the value we deliver to our clients as they embrace cloud, AI, data analytics and other advanced technologies,” said Valocchi.
The transaction is expected to close in the fourth quarter of this year. No financial details were disclosed.
On LinkedIn, AustinCSI founder Moree called the deal “the next step toward creating new opportunities for our employees and customers alike.”
“For the past 15 years, we’ve taken pride in creating innovative approaches to drive transformation for our clients, and we can’t wait to see what the future holds as we enter this new chapter,” she wrote in a post thanking employees and clients . who shared the consulting journey. “We are invested in tomorrow’s results…Upwards & Onwards.”
Get on the list.
Dallas innovates, every day.
Sign up to keep an eye on what’s new and coming in Dallas-Fort Worth every day.
READ THE FOLLOWING
-
Design your technological future.
-
Up to 42% of Dallas households do not have a fixed Internet connection. Without the tools and know-how to connect to the digital world, people can be left behind, especially in economically disadvantaged areas of the city. DIA is working to change that with its Digital Ambassador program. Now, with the help of the Dallas Foundation and Santander Consumer USA—and a $1 million grant from AT&T—DIA aims to get people not just connected, but thriving.
-
In this week’s roundup of North Texas hiring, promotions and awards, you’ll also find news from AT&T Performing Arts Center, DART, Aimbridge Hospitality, Acera, Fidelis Companies, The Rios Group Inc., Tech Titans, NEC Corp. of America, Texas Women’s Foundation, ATTPAC, LEARFIELD and Hope Cottage. Additionally, Dallas ISD selects only one finalist for superintendent.
-
Hundreds packed the Granada Theater to watch the bare-knuckle “fights” to close Dallas Startup Week. The tech guys verbally took it to cheers, whoops and generally loud reactions from the audience. See what you missed or relive it here.
-
iDonate wants to innovate giving. The company’s all-in-one digital fundraising platform is built to increase the impact of nonprofit organizations. Its new funding to expand operations globally follows last year’s $8.7 million raise to expand its technology.