Cognizant Acquires SAP Retail Firm Zaffer's Assets

28 September, 2011

Nasdaq-listed IT service s firm Cognizant has acquired assets of US-based SAP retail consulting and software development firm Zaffera, LLC, for undisclosed amount.

Zaffera, based in Princeton, N.J., offers consulting services and software that helps retailers streamline their operations, improve their customer’s experience and help companies respond better to changing market conditions.

“The retail industry is facing intense economic and competitive pressures. The advent of new technologies like social media and mobility have created a more empowered, savvy consumer, and retailers are working harder than ever to attract and retain customers in the face of thin margins,”  Francisco D’Souza, President and CEO, Cognizant commented on the acquisition.

This acquisition will strengthen to help retailers address these challenges and seize new opportunities created by multi-channel retailing. Zaffera’s consulting expertise and software solutions will enhance Cognizant’s SAP retail practice and ability to deliver business transformations, D’Souza added.

Earlier in July, Cognizant acquired the India-based captive operations of CoreLogic for over $50 million. As part of the transaction, CoreLogic and Cognizant will enter into a services agreement with a minimum revenue commitment of $324 million and applicable inflation adjustments, over five years, with various renewal and extension rights, under which Cognizant will provide a range of services to CoreLogic globally.

Although US based a large chunk of its operations are based in India. Its revenue for the quarter ended June 30, grew 34.4 per cent to $1.49 billion, outpacing India’s No. 3 software services exporter Wipro whose IT services business clocked $1.41 billion in the same period. At this growth rate, Cognizant is widely expected to overtake IT bellwether Infosys by year-end.

 


Leave Your Comment
Cognizant acquires French financial services consulting firm Equinox

Cognizant acquires French financial services consulting firm Equinox

Bhawna Gupta 4 years ago
IT services major Cognizant has acquired France-based Equinox Consulting, a financial services consulting firm, for an undisclosed amount, the company said in a release. With...
Cognizant acquires 6 companies of Germany’s C1 Group

Cognizant acquires 6 companies of Germany’s C1 Group

TEAM VCC 5 years ago
IT services major Cognizant has entered into a definitive agreement to acquire six companies of Germany-based C1 Group, an independent consulting and IT services firm...
Cognizant and Capgemini Close Deals In Europe

Cognizant and Capgemini Close Deals In Europe

TEAM VCC 7 years ago
Information technology majors Cognizant and Capgemini have closed acquisitions in Europe as they look to expand in the second largest market for information technology.   Nasdaq-listed...
No Comments

Cognizant Acquires SAP Retail Firm Zaffer's Assets

Powered by WordPress.com VIP