Cognizant Seeks to Enhance Consulting Expertise
Date: Friday , February 27, 2009
Cognizant, an IT, consulting, and BPO company, is presently on an acquisition spree. Aiming to enhance its consulting expertise, the company has acquired the Canada-based consulting firm Active Intelligence (AI) for an undisclosed amount. AI specializes in providing consulting, implementation, and support services around the Oracle Retail Merchandizing, Planning, and Optimization suite, a growth area for Cognizant's retail practice. Cognizant has already worked with AI on a number of engagements as independent parties. AI has employees in Canada and the U.S.
Cognizant's retail practice is among the company's fastest growing business units, where it has been building domain expertise in enterprise applications, merchandising, store operations, and supply chain management. The company generates at least 15 percent of its revenues from the retail, manufacturing, and logistics verticals. Cognizant's customer base includes 11 of the top 30 North American clients.