Cognizant Enters into Exclusive Negotiations to Acquire EI-Technologies’ French Operations

The planned, intended acquisition would complement Cognizant’s worldwide Salesforce practice.

Cognizant, a US multinational corporation that provides IT services, has announced its intention to acquire the French operations of EI-Technologies, an independent Salesforce Platinum partner in Europe and the MEA. Acquiring EI-Technologies, a French digital technology consulting company, would help Cognizant to increase its client resources in Europe. Said to be subjected to customary closing conditions, the planned acquisition would be complementing Cognizant’s worldwide Salesforce practice. The two companies have not disclosed the financial terms of the proposed acquisition. According to Cognizant, the acquisition needs advance consultation with applicable works council.

“Our company is excited at the prospect of bringing EI-Technologies’ deep relationships and expertise within the Salesforce ecosystem together with the extensive capabilities and rich knowledge of Cognizant in digital transformation as a whole. Joining Cognizant would be enabling our company to address a broader range of client needs, which include customer experience design, AI, automation, and more – that are emerging in the digital economy, and to pursue projects on a bigger scale,” said Founder and CEO of EI-Technologies, Béchara Raad.

Acquisition would benefit Cognizant with addition of 345 employees in France

“Our company is determined to help Cognizant clients become fully customer-centric, data-enabled, digital businesses. Cloud is one of our strategic focus areas, and has changed the way IT is delivered across platforms, applications, and infrastructure. Based in France, EI-Technologies would not only be supporting Cognizant’s effort to further scale our international business but also be adding Salesforce capabilities and expertise to our cloud management portfolio,” said CEO of Cognizant, Brian Humphries.

Around 345 employees would be added to Cognizant in France with the help of the proposed acquisition of EI-Technologies. Having Salesforce expertise, EI-Technologies specializes in CIO advisory services and Microsoft collaboration platform solutions.