Cognizant acquires KBACE Technologies

Cognizant has acquired privately-held KBACE Technologies, Inc., a global consulting and technology services company specialising in cloud strategy, implementation and integration. The deal size was not disclosed.

The Nashua, New Hampshire-based firm has one of the largest reference bases of Oracle Cloud Applications customers in the world and is a leading Oracle Cloud partner.

The acquisition strengthens and expands Cognizant's digital capabilities as more clients move critical business applications to cloud-based IT infrastructure to reduce costs and complexity and improve business agility, said Cognizant.

As part of the acquisition, around 400 KBACE consultants and implementation experts across industry and business functions will become part of Cognizant.

The combined capabilities will further enable Cognizant to help clients become intuitively digital by using the cloud to derive new insights, unlock new opportunities and lower costs through a subscription-based business model.

"The addition of KBACE technologies and expertise in delivering SaaS digital solutions accelerates Cognizant's cloud strategy and consulting services, provides our clients with access to significant platform expertise and puts us at the forefront of Oracle Cloud partners and technology consultants worldwide,” said Allen Shaheen, Executive Vice President, Cognizant in a statement.

Mike Peterson, Chief Operating Officer and President, KBACE, said, “Joining forces with Cognizant provides KBACE with the experience, strategic thinking and resources to grow our cloud practice and further strengthen our relationship with Oracle to meet the needs of current and prospective clients worldwide.”