Terms of the transaction were not disclosed. SVC focuses on high-impact consulting and systems implementation for leading media and entertainment companies, including the major studios, broadcasters, post-production facilities and interactive media companies.
In addition, SVC possesses extensive experience of providing technology strategy and planning, and program and project management services. "This acquisition will expand our consulting capabilities in the media and entertainment industry and will allow us to help media and entertainment companies respond to the opportunities brought about by the digital transformation of the industry," said Francisco D'Souza, president and CEO, Cognizant. "The combination of SVC's strong relationships in the entertainment industry and Cognizant's global delivery model positions Cognizant as a services leader within the fast-growing media and entertainment industry," he added.
