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The terms of the transaction were not disclosed. The acquisition would strengthen Cognizant’s digital business transformation expertise and expands its portfolio of tools and services.
Founded in 2007, Odecee delivers enterprise mobility, web and cloud solutions to marquee clients in financial services, insurance, health care, logistics and communications industries.
This acquisition further strengthens Cognizant’s digital business transformation expertise and expands its portfolio of tools and services to help clients create digital enterprises that capitalise on new business models, drive innovative products and services, enhance workforce productivity, and improve customer experience, said Cognizant.
As part of this acquisition, around 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 centralise highly secure mobile applications and enables rapid implementation of core business processes across a wide range of mobile devices.
“This strategic acquisition underscores our commitment to the local market and our focus on strengthening our digital capabilities,” said John Burgin, the regional head for Australia and New Zealand, Cognizant, in a statement.
He added: “Rapid consumerisation of technology is driving business reinvention across industries and blurring the distinction between the physical and the digital worlds. As businesses become increasingly technology-intensive and physical processes get instrumented and digitised, our strong portfolio of services, coupled with our aggressive investments in SMAC (social, mobile, analytics and cloud) technologies, will help clients drive meaningful change and build ever more connected, collaborative and real-time businesses. We welcome Odecee’s talented professionals to Cognizant and look forward to leveraging our combined strengths to empower clients address the needs of the digital era.”
“This is a strategic step forward for us and opens up a significant growth opportunity for us across newer technologies and industries,” said Con Mouzouris, the co-founder and managing director of Odecee.
He added: “Becoming a part of Cognizant will enable the company expand its capabilities, services and exposure, while ensuring the long-term vitality and sustainability of the business.”
“The remarkable success of Odecee, like Cognizant, is built on the foundation of customer satisfaction, deep expertise, exceptional talent, and the ability to deliver best-of-breed solutions. Expansion is critical for us to continue our strong growth, develop better solutions for our current and future customers, and provide greater opportunities for our employees. Our clients will now benefit from an expanded pool of specialised skills, global experience, and industry-acclaimed best practices.”
