Cognizant acquires Hedera Consulting

IT firm Cognizant has acquired privately held Hedera Consulting, a move that will strengthen the former consulting and digital transformation capabilities for clients in Belgium and the Netherlands.

Founded in 2009, Hedera specializes in business advisory and data analytics services across sectors, helping clients in areas like growth strategy, innovation, marketing, sales and customer service. In 2015, Hedera started an additional business line focusing on analytics and data excellence. With offices in Belgium and the Netherlands, the company has served clients across countries including Italy, Switzerland, the Nordics and UK and the Middle East.

By joining forces with Cognizant, Hedera are even better positioned to help clients define their strategy; transform their businesses and gain insight and competitive advantage in their fast-changing, highly competitive marketplaces. Our combined industry and local knowledge and experience, as well as our strong joint team, will better enable our customers in the Belgian and Dutch markets to extract meaning from their data and use it to effectively shape their products, services and experiences.

In the Belgian and Dutch markets, companies are re-designing their business and IT operating models for the digital era. Hedera Consulting expands our ability to help these European clients create agile and digitally transformed enterprises that can act and react to the oceans of data for deeper customer insight, new product development, and to innovate and exploit new business opportunities.

Capgemini to acquire IGate

Capgemini is a French Multinational Management consulting corporation headquartered in Paris, France. It provides IT services and is one of the world largest consulting, outsourcing, and professional services companies with almost 145,000 employees in over 40 countries.

Recently, Capgemini announced that it will acquire IGate in a transaction that will amount to $4.04 Billion that will make North America into its biggest market and hand IGate Founder a $1 Billion windfall. IGate, which has strength in the financial sector, has grown quickly since its 1996 stock market listing. IGate does about 80 percent business in North America and would represent 30 percent of the combined group estimated 2015 revenue of $13.58 Billion.

The combination of IGate and Capgemini provides cross selling revenue synergies of $100-150 Million and annual efficiency gains estimated at $75-100 Million. Capgemini had in 2006 acquired Kanbay International, which had significant operations in India. This helped increase Capgemini presence in India.

With the acquisition, Capgemini would add new clients such as General Electric Co and Royal Bank of Canada. IGate employs 33,000 people globally, with 75 percent of them in India. The combined company would have more than 100,000 employees there, or 48 percent of its workforce. The new company also stands to offer more platforms based and intellectual property based solutions to help clients respond to and stay at the forefront of their market.