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The professional services and application management businesses of OneSource Virtual, a Workday partner with headquarters in Dallas, Texas, have been acquired by Cognizant. The deal’s financial details were not made public.
This is the 937th technology M&A deal that ChannelE2E has covered in his 2022 to date. More than 2,000 technology M&A transactions involving MSPs, MSSPs, and IT service providers may be found here.
Located in Teaneck, New Jersey, is Cognizant. On LinkedIn, the organization has 319,318 employees. Interactive, intelligent process automation, digital engineering, industry & platform solutions, internet of things, artificial intelligence, cloud, data, healthcare, banking, finance, fintech, manufacturing, retail, technology, and Salesforce are some of Cognizant’s specialties.
The 2008-founded OneSource Virtual is headquartered in Dallas, Texas. 998 employees of the business are listed on LinkedIn. Human resource outsourcing, human capital management, cloud sourcing, BPO, Workday user acceptance, Workday implementation, change management, application management services, Workday services, and BPaaS are among OneSource Virtual’s specialties.
Nearly 400 new professionals will join Cognizant’s Collaborative Solutions team across the US, Canada, and the UK.
the acquisition will enhance Cognizant’s current Workday finance and HR advisory implementation services as well as boost the company’s capabilities in North America and the United Kingdom for consulting, deployment, and post-deployment support.
In 2020, Cognizant purchased Collaborative Solutions, one of the first service providers for Workday.
“The adoption of and migration to the cloud for workflow management is accelerating. Cognizant will be able to expand its customer service and offer end-to-end assistance during customers’ business transformation journeys by acquiring OneSource Virtual’s professional services and application management skills. Rejoin Cognizant As they develop and broaden Workday’s capabilities globally, we are thrilled to welcome the bright individuals from OneSource Virtual.”