Cognizant has announced the acquisition of Odecee, a provider of digital solutions to enterprises in the Australia and New Zealand region. The terms of the transaction were not disclosed. Odecee is Cognizant's third acquisition in the last few months.
It had acquired US-based digital marketing agency Cadient in October. In September, the company announced it is acquiring US-based TriZetto Corporation for $2.7 billion in cash. TriZetto provides healthcare IT solutions.
Founded in 2007, Odecee delivers enterprise mobility, Web and cloud solutions to clients in the financial services, insurance, healthcare, logistics, and communications industries. This acquisition further strengthens Cognizant’s digital business transformation expertise and expands its portfolio of tools and services to help clients create digital enterprises that capitalise on new business models, drive innovative products and services, enhance workforce productivity, and improve customer experience.
As part of this acquisition, approximately 150 digital specialists with expertise across enterprise mobile, Web and cloud services will join Cognizant. This acquisition also brings to Cognizant intellectual property such as Velocedee, a platform that helps centralise highly secure mobile applications and enables rapid implementation of core business processes across a range of mobile devices.
John Burgin, Regional Head for Australia and New Zealand, Cognizant, said in a press release, “Rapid consumerisation 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 digitised, 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.”