Cognizant acquires Virginia based Workday Cloud Partner, Collaborative Solutions


Cognizant has recently signed a deal to acquire finance and Human Resource, cloud service provider Collaborative Solutions. The financial terms of transactions were not disclosed.

Collaborative Solutions is founded in the year 2003, with its headquarter in Reston, Virginia, near Washington DC and has more than 1000 employees with its operations in Canada, Australia, and the UK.

Collaborative Solutions has a customer base of more than 800 companies, which ranges from firms with a team or 1000 to those with two lakhs employees across the 125 countries.

Executive Opinion

Greg Hyttenrauch, President, Digital Systems and Technology, Cognizant, said, "Running core applications in the cloud has never been more important. Workday is a critical enterprise cloud suite that gives finance, HR, and other functions greater resiliency and agility. Collaborative Solutions, with its rich expertise and leading position in the Workday ecosystem, expands our opportunity in a cloud by establishing a new practice area in this large, fast-growing market. Our combined strengths in cloud strategy and enablement will differentiate our offering, positioning us to provide full support to clients throughout their digital transformation journey. We look forward to welcoming Collaborative Solutions' talented team to Cognizant."

Carroll Ross, Chief Executive Officer, Collaborative Solutions, said, "As one of Workday's longest-tenured services partners, we have the expertise, depth, and proficiency in driving true finance and HR transformation. Together with Cognizant, we will provide even greater scope and scale, helping extend our capabilities for clients to accelerate innovation in their digital agendas and optimize their Workday investments. We look forward to joining Cognizant, a Fortune 200 company that shares our passion for both client and employee success."

Cognizant's Collaborative Solutions Acquisition

Collaborative Solutions uses the Workday HR, finance, and student cloud capabilities, along with the lifecycle management tools, to offer services to enterprises and government in financial services, technology, healthcare, and education sectors.

The acquisition will enhance Cognizant's cloud services offerings with finance and HR advisory and implementation services, notes the announcement.

The deal is expected to close by the 30th of June.
PC: Pablo, Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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