US-headquartered Cognizant Technology Solutions (Cognizant) on Wednesday announced that it has acquired privately-held KBACE Technologies, Inc., a global consulting and technology services company specializing in cloud strategy, implementation and integration.
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, Cognizant said. The terms of the transaction were not disclosed.
The acquisition strengthens and expands Cognizant's digital capabilities as more clients move critical business applications to cloud-based IT infrastructures to reduce costs and complexity and improve business agility.
As part of the acquisition, approximately 400 KBACE consultants and implementation experts across industry and business functions will become part of Cognizant.
"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.
"As our mutual clients compete in the digital economy, SaaS applications are the enabling technology foundation for enterprises of all sizes," said Mike Peterson, chief operating officer and president, KBACE.