In an undisclosed deal Cognizant has acquired privately-held KBACE Technologies, a global consulting and technology services company with Oracle application expertise specialising in cloud strategy, implementation and integration.
KBACE has one of the largest reference bases of Oracle Cloud Applications customers in the world and is a leading Oracle Cloud partner. "The addition of KBACE technologies and expertise in delivering SaaS digital solutions accelerates Cognizant's cloud strategy and consulting services, provides our clients with access to significant platform expertise and puts us at the forefront of Oracle Cloud partners and technology consultants worldwide," said Allen Shaheen, Executive Vice President, Cognizant. "KBACE consultants are some of the most talented and experienced in the industry with many regarded as the predominant subject matter experts in their area."
The acquisition will strengthen and expands Cognizant's capabilities to help organisations move their business applications to cloud-based IT infrastructures, and as part of the acquisition, approximately 400 KBACE consultants and implementation experts will join Cognizant.
Cognizant was recently recognised as a top performer in the Internet of Things IT Consulting report by ALM Intelligence (formerly Kennedy Consulting Research and Advisory), an accolade it shares with Accenture, PwC, Deloitte and BearingPoint.