TEANECK (dpa-AFX) - Cognizant (CTSH), a provider of IT, consulting, and BPO services, Wednesday announced the acquisition of Odecee, which is engaged in providing digital solutions to enterprises in the Australia and New Zealand region. The terms of the transaction were not disclosed.
Founded in 2007, Odecee delivers enterprise mobility, web and cloud solutions to marquee clients in financial services, insurance, healthcare, logistics, and communications industries.
According to Cognizant, this acquisition further strengthens its digital business transformation expertise.
The deal expands Cognizant's portfolio of tools and services to help clients create digital enterprises that capitalize 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 centralize highly secure mobile applications and enables rapid implementation of core business processes across a wide range of mobile devices.
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