Teaneck-based professional services company Cognizant has agreed to acquire cloud consultancy Linium from digital solutions firm Ness Digital Engineering, it announced Monday.
Financial terms of the deal, which is Cognizant’s seventh in the cloud sector since January 2020, were not disclosed.
Linium specializes in the ServiceNow platform and other solutions for digital enterprise work. It was the ServiceNow unit of Teaneck-based Ness, a privately held portfolio company of the Rohatyn Group.
“Linium’s specialized ServiceNow focus broadens Cognizant’s enterprise service management capabilities while complementing our own longstanding ServiceNow alliance,” Malcolm Frank, president, digital business and technology, for Cognizant, said in a prepared statement. “Creating more agile workflows in the cloud is a priority for our clients, and, together with Linium, we can now provide world-class, enterprise-wide ServiceNow expertise to customize workflows for customers and employees.”
Albany, New York-based Linium’s staff of about 150 is expected to join Cognizant’s ServiceNow practice.
“As Ness solidifies its position as a digital engineering leader, our strategy is to specialize in focus areas and build a distinctive reputation in them,” Ranjit Tinaikar, Ness’ CEO, said in a Ness news release. “Divestiture of the ServiceNow capability allows us to enhance our focus on, and investment in, building upon our competencies in engineering digital products and platforms while continuing to increase our data and cloud expertise.”
The deal is expected to close in the first quarter.
Stone Key Partners LLC is acting as Ness’ exclusive financial adviser.
