IT service company, Cognizant Technology Solutions Corp has taken over Collaborative Solutions which specialises in Workday enterprise cloud finance and human resources services.
This move will help Cognizant to add news finance, HR and implementation services to its existing cloud offerings, Cognizant said in a statement. However, the company did not disclose the acquisition amount.
“Collaborative Solutions, with its rich expertise and leading position in the Workday ecosystem, expands our opportunity in a cloud by establishing a new practice area in this large, fast-growing market,” Greg Hyttenrauch, President for Digital Systems and Technology at Cognizant, said.
The company also sais that the transaction is expected to close in the second quarter of this year, pending requisite approvals.
US-based Collaborative Solutions, which was set up in 2003, says its Workday services platform helps deliver successful client outcomes in the finance and HR spaces. The company says it has over 1,000 employees across countries including the US, Canada, Australia and the UK.
Separately, Collaborative Solutions CEO Carroll Ross said the move would also help the company in expanding its capabilities for its clients.
