Cognizant Technology Solutions has agreed to acquire Collaborative Solutions, a privately-held US-based global consultancy specialising in Workday enterprise cloud applications for finance and human resources.
The transaction is expected to close in the second quarter of 2020. Financial details were not disclosed.
Founded in 2003, Collaborative Solutions has more than 1,000 employees worldwide, says a Cognizant press release.
The acquisition of Collaborative Solutions will add finance and HR advisory and implementation services to Cognizant’s cloud offerings.
Collaborative Solutions enables clients across financial services, healthcare, technology, government, education, and other organisations to transform their operations using enterprise cloud applications.