Cognizant buys Albany-based ServiceNow specialist Linium
Cognizant, a Teaneck, NJ-based global IT consultancy, has acquired Linium, an Albany, NY-based provider of ServiceNow consulting.
Founded in 2000, Linium helps companies improve their operations with ServiceNow, a popular cloud-based digital workflow platform. The firm has completed more than 3,500 engagements since its founding, with more than a third of its clients consisting of Fortune 100s. Linium holds more than 300 ServiceNow certifications.
The company has approximately 150 professionals across the US, Canada, UK, and India.
Linium has since 2018 been a part of American-Israeli IT services provider Ness Digital Engineering, which is itself a portfolio company of New York-based asset management firm The Rohatyn Group.
Linium’s 150 team members will now join Cognizant’s global ServiceNow practice. The financial terms of the acquisition, which is expected to close in Q1 2021, were not disclosed.
"Linium's specialized ServiceNow focus broadens Cognizant's enterprise service management capabilities while complementing our own longstanding ServiceNow alliance," said Malcolm Frank, president, digital business and technology, Cognizant. "Creating more agile workflows in the cloud is a priority for our clients, and together with Linium, we can now provide world-class, enterprise-wide ServiceNow expertise to customize workflows for customers and employees.”
The transaction follows on the heels of Cognizant’s acquisition of Servian, a 500-person tech consultancy based in Australia and New Zealand. The IT consultancy has made more than ten significant acquisitions globally since January 2020, with a strong focus on cloud-related deals. Cognizant’s 2020 US bolt-ons include Microsoft cloud specialist New Signature, Workday specialist Collaborative Solutions, and Saleforce experts Lev and Code Zero.
"We are excited to join forces with Cognizant," said Joe Burke, co-founder of Linium. "ServiceNow continues to gain market relevance, and by combining Linium's skills and knowledge with Cognizant's scale and rich expertise in cloud, digital engineering, automation, and other pivotal technologies, we will be well-positioned to capitalize on the market opportunities ahead."
Cognizant has approximately 281,500 employees globally, with annual revenue of $16.8 billion.
