Nasdaq-listed IT services major Cognizant has acquired Belgium-based business advisory and data analytics services firm Hedera Consulting for an undisclosed amount.
The acquisition will help Cognizant expand its consulting, business insight and digital transformation capabilities for clients in Belgium and the Netherlands, the IT firm said in a statement. Hedera Consulting is now part of the Cognizant Consulting business unit, it added.
Hedera Consulting, which was founded in 2009, specialises in growth strategy, digitisation, innovation and commercial excellence for clients across various sectors including financial services and utilities. It had added the analytics and data businesses in 2015.
“In the Belgian and Dutch markets, companies are re-designing their business and IT operating models for the digital era," said Santosh Thomas, president, global growth markets, Cognizant.
"Hedera Consulting expands our ability to help these European clients create agile and digitally transformed enterprises that can act and react to the oceans of data for deeper customer insight, new product development, and to innovate and exploit new business opportunities," he added.
Cognizant, which has significant operations in India, has been on an acquisition spree in the past years.
Early this year in March, it said it will acquire US-based Bolder Healthcare Solutions for an undisclosed amount.
In June 2017, it had agreed to acquire Health Care Service Corporation’s subsidiary TMG Health for an undisclosed amount. Cognizant said the acquisition will strengthen its business process-as-a-service offering for the government and public health programme markets.