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What Servian’s acquisition says about the A/NZ services market
Representing something greater than Cognizant s own aspirations
Linus Lai (IDC) Credit: IDC
US IT services provider Cognizant’s recent acquisition of Servian’s entire workforce shows just how important Australian and New Zealand businesses are for the expansion plans of global services companies.
Earlier in January, Cognizant snapped up the Sydney-headquartered data analytics consultancy firm for an undisclosed amount including its workforce of over 500 across Australia and New Zealand and claimed that the buy was part of its strategy to increase its expertise of data and artificial intelligence (AI), digital engineering, cloud and internet of things (IoT) worldwide.
Is the A/NZ channel shrinking?
With A/NZ’s M&A momentum showing no signs of slowing down, what are the market implications for an increasingly consolidated channel?
Mark Iles (TRA) Credit: TRA
Two weeks into 2021 and the merger and acquisition (M&A) frenzy of last year already shows little sign of waning in Australia and New Zealand.
With global integrator Cognizant snapping up Australian data and analytics firm Servian and Infosys buying Carter Digital, the region’s channel could be set for yet another long wave of consolidation as vendors and partners alike pursue expansion and exit strategies.