Cognizant (CTSH) Reports Acquisition of EI-Technologies

Cognizant (NASDAQ: CTSH) has entered into exclusive negotiations to acquire the French operations of EI-Technologies, a Paris-based, privately-held digital technology consulting firm and leading independent Salesforce specialist in France. The proposed acquisition would complement Cognizant's global Salesforce practice, expanding client resources in Europe.

The planned acquisition requires advance consultation with the relevant works councils and would be subject to customary closing conditions. Financial terms of the proposed transaction are not being disclosed.

"We're determined to help our clients become fully digital, data-enabled, customer-centric businesses. Cloud has changed the way IT is delivered across infrastructure, applications and platforms, and is one of our strategic focus areas," said Brian Humphries, Cognizant CEO. "EI-Technologies, based in France, would not only support our effort to further scale our international business but also add Salesforce expertise and capabilities to our cloud management portfolio."

Through this acquisition, Cognizant would add approximately 345 employees in France.

"We're excited at the prospect of bringing our expertise and deep relationships within the Salesforce ecosystem together with Cognizant's rich knowledge and extensive capabilities in digital transformation as a whole," said Béchara Raad, founder and CEO of EI-Technologies. "Joining Cognizant would enable us to address a wider range of client needs -- including automation, artificial intelligence, customer experience design and more -- that are emerging in the digital economy, and to pursue projects on a larger scale."

EI-Technologies is a Salesforce Platinum Partner, and its EI-Institut is among the largest Salesforce Authorized Training Delivery Partner centers in Europe. EI-Technologies' clients include leading companies listed on the French stock market's CAC 40 index in the manufacturing, energy and utilities, financial services and luxury industries. In addition to Salesforce expertise, the company also specializes in Microsoft collaboration platform solutions and CIO advisory services.

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