Cognizant acquires OneSource Virtual
Multinational IT services and consulting company Cognizant entered an agreement to acquire Workday services, solutions, and products provider OneSource Virtual.
According to Cognizant Enterprise Platform Services Executive VP Rob Vatter, this acquisition will expand the firm’s client offerings and provide end-to-end support in the business transformation journey of their clients across North America and the United Kingdom.
OneSource Virtual’s team will join Cognizant as part of its Collaborative Solutions team, enhancing its expertise and number of professionals holding certifications in Workday implementation and support.
OneSource Virtual CEO Trey Campbell said that both companies’ “shared value of customer centricity makes Cognizant the ideal home for our professional services and application management services businesses while we concentrate on the Business Process as a Service (BPaaS) division going forward.”
The acquisition is set to close by year-end 2022, subject to the satisfaction of closing conditions. Financial details were not disclosed to the public.
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