Cognizant is buying AustinCSI. The acquisition aims to enhance Cognizant’s vertical industry expertise and advisory capabilities. It will aid in goals for delivering a comprehensive digital transformation strategy, as well as top-notch solutions, to clients.

Cognizant’s Michael Valocchi

“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.”

Acquiring a Digital Transformation Consultancy

AustinCSI provides consulting services for Fortune 500 clients across different industries. The company has more than 175 consultants who design and deliver cloud and automation solutions. They utilize data to help businesses up-level their customer’s experiences and business outcomes.

AustinCSI’s Karen Moree

“We’re excited by the opportunity to become part of Cognizant and combine our strengths in delivering advanced and transformative technologies to clients,” said Karen Moree, CEO and co-founder, AustinCSI. “Together, we can provide more impact for our current clients with broader capabilities in emerging digital technologies and reach a wider market leveraging Cognizant’s global scale.”

A Strategic Focus

Cognizant has its eye fixed on expanding its consulting practice and advisory capabilities. This is designed to give clients end-to-end digital transformation strategy and solutions. Adding AustinCSI’s enterprise cloud and data analytics expertise supports all of this. Cognizant also continues to invest in expanding capabilities in four key technology areas. These include data and artificial intelligence, cloud, digital engineering, and internet of things.

The transaction will likely close in the fourth quarter of 2022, subject to satisfaction of closing conditions.