Cognizant Acquires Equinox Consulting, a Financial Services Consulting Firm in
TEANECK, New Jersey and PARIS, Oct. 2, 2013
-- Strategic Acquisition to Strengthen Cognizant's Global Consulting
Capabilities and Presence in Europe
TEANECK, New Jersey and PARIS, Oct. 2, 2013 /PRNewswire/ -- Cognizant (NASDAQ:
CTSH) today announced that it has acquired Equinox Consulting, a financial
services consulting firm based in Paris, France. The terms of the transaction
were not disclosed.
Equinox Consulting provides business consulting services across investment
banking, asset management, retail banking, insurance, and specialized
financial services. Founded in 2004, the company is known for its deep
regulatory consulting expertise, spanning Basel III, Solvency II,
EMIR/Dodd-Frank, FATCA and MiFID, in addition to strategy consulting,
organization and operations management, change management, and HR consulting.
Under the terms of the agreement, about 160 consulting professionals will join
Cognizant. The combination of Cognizant's global consulting and delivery
capabilities and Equinox's consulting expertise will further enhance
Cognizant's integrated global platform for financial services clients to "run
better" by improving performance efficiencies as well as "run different" by
building new business capabilities and driving innovation.
"We look forward to welcoming Equinox Consulting's talented professionals to
Cognizant," said Francisco D'Souza, Chief Executive Officer of Cognizant.
"This strategic acquisition underscores our commitment to the French and
European markets, and reinforces our position as one of the top consulting
companies across the region. With this acquisition, Cognizant is even better
positioned to help European clients challenge the status quo and unleash new
potential across their organizations by creating new business and IT models in
response to secular shifts in the economy and technology."
"The agreement announced today is a major step forward for us," said
Jean-Francois Rigal, Chief Executive Officer of Equinox Consulting. "The
outstanding growth and success of Equinox Consulting in the last nine years
have been built on the foundation of customer satisfaction, deep industry
expertise, and specialized knowledge around regulatory mandates. International
expansion and the ability to deliver broader consulting solutions to clients
are critical for us to continue our strong growth and provide greater
opportunities for our employees."
About Equinox Consulting
Equinox Consulting is a leading French management consulting firm dedicated to
helping banking, capital markets and insurance clients with the transformation
of their operating, risk management and customer relationship models. Equinox
Consulting combines very deep industry expertise and innovative thinking to
deliver top quality advisory services to the financial community and help its
clients to face increasingly complex business and regulation evolutions.
Visit us online at http://www.equinox-consulting.com/ .
Cognizant (NASDAQ: CTSH) is a leading provider of information technology,
consulting, and business process outsourcing services, dedicated to helping
the world's leading companies build stronger businesses. Headquartered in
Teaneck, New Jersey (U.S.), Cognizant combines a passion for client
satisfaction, technology innovation, deep industry and business process
expertise, and a global, collaborative workforce that embodies the future of
work. With over 50 delivery centers worldwide and approximately 164,300
employees as of June 30, 2013, Cognizant is a member of the NASDAQ-100, the
S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the
top performing and fastest growing companies in the world. Visit us online at
http://www.cognizant.com/ or follow us on Twitter: Cognizant.
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. Factors that could cause actual
results to differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent 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.
For further information, contact:
Contact: U.S.: Barbara Ruane, Text100, +1-212-871-3929, email@example.com,
Europe: Grazia Valentino-Boschi , + 33-0-6-07-85-80-63,
firstname.lastname@example.org, Asia-Pac: Harsh Kabra,
Press spacebar to pause and continue. Press esc to stop.