- Acquisition Will Enhance Cognizant's Digital Portfolio and Market Presence in 
Australia and New Zealand

Cognizant ( 
https://c212.net/c/link/?t=0&l=en&o=3030240-1&h=3711334481&u=https%3A%2F%2Fwww.cognizant.com%2F&a=Cognizant 
) (Nasdaq: CTSH) today announced it has entered into an agreement to acquire 
Servian ( 
https://c212.net/c/link/?t=0&l=en&o=3030240-1&h=1828109879&u=https%3A%2F%2Fwww.servian.com%2F&a=Servian 
), a Sydney, Australia-based, privately-held enterprise transformation 
consultancy specializing in data analytics, artificial intelligence, digital 
services, experience design, and cloud. 

Logo - https://mma.prnewswire.com/media/1373438/cognizant_Logo.jpg 

Servian is Cognizant's 10th digital-focused acquisition announced since January 
2020, highlighting Cognizant's strategy to accelerate capabilities and growth 
in priority areas of data and artificial intelligence, digital engineering, 
cloud, and Internet of Things across the globe. 

The acquisition of Servian significantly expands Cognizant's integrated, 
end-to-end digital transformation capabilities in Australia and New Zealand 
(ANZ) to help clients move to the cloud, build digital products and services, 
unlock value from data, modernize enterprise applications, and achieve 
operational excellence.    

"Enterprises in Australia and New Zealand are at an inflection point in their 
digital adoption," said Jane Livesey, CEO, Cognizant Australia and New Zealand. 
"Cognizant's extensive digital expertise combined with Servian's strengths as 
the premier technology partner in the region will open up the full power of 
digital transformation for our Australasian clients. We look forward to 
welcoming Servian's talented digital-native professionals to Cognizant." 

"Enabling clients to leverage their data assets for accelerating business 
transformation and driving competitive advantage is at the heart of our 
success," said Tony Nicol, Founder and CEO, Servian. "We share Cognizant's 
passion for innovation powered by digital technologies. With Cognizant's deep 
industry expertise and global scale, we will be able to apply our strengths in 
strategic advisory, engineering delivery, and managed services across an even 
broader spectrum of challenges and opportunities presented by the digital 
economy."

Cognizant's more than 1,200 professionals in Australia serve more than 110 
clients, including top Australian banks, insurers, retailers, and 
communications companies. In the last few years, the company has consistently 
strengthened its in-country cloud, product engineering, platform, Salesforce, 
and Workday capabilities to expand its digital business in Australia.        

Founded in 2008, Servian has worked with more than 190 major companies in ANZ 
in the banking, telecommunications, insurance, retail, and government sectors, 
including eight of ANZ's 15 largest companies. Upon the close of the 
acquisition, Servian's more than 500 technology and consulting professionals, 
based primarily in Australia and New Zealand, will join Cognizant, doubling the 
size of Cognizant's cloud and data team in ANZ.

Servian brings expertise in all major digital technologies and has partnerships 
with the largest names in the industry, including Google, Microsoft, Amazon Web 
Services, Salesforce, Snowflake, Oracle, HashiCorp, Talend, Informatica, and 
Red Hat. The company was named Google's Service Partner of the Year ( 
https://c212.net/c/link/?t=0&l=en&o=3030240-1&h=621722156&u=https%3A%2F%2Fwww.servian.com%2Fservian-wins-google-cloud-apac-services-partner-of-the-year-award%2F&a=Google%27s+Service+Partner+of+the+Year 
) in 2019, Snowflake's Let It Snow and Snow Mate ( 
https://c212.net/c/link/?t=0&l=en&o=3030240-1&h=2634181752&u=https%3A%2F%2Fwww.crn.com.au%2Fnews%2Fversent-servian-headline-snowflake-computings-aussie-partner-awards-533190&a=Snowflake%27s+Let+It+Snow+and+Snow+Mate 
) Australia in 2019, HashiCorp's APJ Services Partner of the Year ( 
https://c212.net/c/link/?t=0&l=en&o=3030240-1&h=53899506&u=https%3A%2F%2Fwww.hashicorp.com%2Fblog%2Fannouncing-the-2020-hashicorp-si-and-reseller-partner-network-winners&a=HashiCorp%27s+APJ+Services+Partner+of+the+Year 
) in 2020, and Talend's APAC Partner of the Year Value-Added Reseller ( 
https://c212.net/c/link/?t=0&l=en&o=3030240-1&h=1568298182&u=https%3A%2F%2Fchannellife.co.nz%2Fstory%2Ftalend-names-servian-apac-var-of-the-year&a=Talend%27s+APAC+Partner+of+the+Year+Value-Added+Reseller 
) in 2020.

The transaction is expected to close in the first quarter of 2021, subject to 
regulatory clearance and other closing conditions. Financial details were not 
disclosed.

About Servian
Servian is a leading data consultancy in the Australasian region, whose mission 
is to enable customers to use their data to build competitive advantage. 
Servian provides services across data and analytics, cloud infrastructure, 
DevOps, UI/UX, customer engagement, cybersecurity, artificial intelligence, and 
IoT. Servian also provides advisory services to help organizations define and 
execute on their IT strategy, as well as managed services to manage and run 
platforms on behalf of its customers. Servian is a technology-agnostic, 
consultant-led organization that has a strong continuous learning culture. To 
learn more about Servian, visit https://www.servian.com. 

About Cognizant
Cognizant (Nasdaq-100: CTSH) is one of the world's leading professional 
services companies, transforming clients' business, operating and technology 
models for the digital era. Our unique industry-based, consultative approach 
helps clients envision, build and run more innovative and efficient businesses. 
Headquartered in the U.S., Cognizant is ranked 194 on the Fortune 500 and is 
consistently listed among the most admired companies in the world. Learn how 
Cognizant helps clients lead with digital at www.cognizant.com or follow us 
@Cognizant.

Forward-Looking Statements
This press release includes statements which may constitute forward-looking 
statements made pursuant to the safe harbor provisions of the Private 
Securities Litigation Reform Act of 1995, the accuracy of which are necessarily 
subject to risks, uncertainties, and assumptions as to future events that may 
not prove to be accurate. These statements include, but are not limited to, 
express or implied forward-looking statements relating to expectations 
regarding the anticipated closing of the acquisition of Servian and the impact 
of the acquisition of Servian on the business and prospects of Cognizant. These 
statements are neither promises nor guarantees, but are subject to a variety of 
risks and uncertainties, many of which are beyond our control, which could 
cause actual results to differ materially from those contemplated in these 
forward-looking statements. Existing and prospective investors are cautioned 
not to place undue reliance on these forward-looking statements, which speak 
only as of the date hereof. Factors that could cause actual results to differ 
materially from those expressed or implied include general economic conditions, 
changes in the regulatory environment, including with respect to immigration 
and taxes, and the other factors discussed in our most recent Annual Report on 
Form 10-K and other filings with the Securities and Exchange Commission. 
Cognizant undertakes no obligation to update or revise any forward-looking 
statements, whether as a result of new information, future events, or 
otherwise, except as may be required under applicable securities law.

For further information, contact:

U.S.: 
Jodi Sorensen
jodi.sorensen@cognizant.com

Europe:  
Grazia Valentino-Boschi 
grazia@cognizant.com

Asia-Pacific:  
Harsh Kabra 
harsh.kabra@cognizant.com

SOURCE  Cognizant