Cognizant acquires Hedera Consulting

Cognizant has acquired privately-held Hedera Consulting, a company specializing in business advisory and data analytics services across a number of industry sectors, for an undisclosed sum.

Based in Kontich, Belgium, Hedera Consulting works with leading brands across various industries. Hedera’s consultants and data scientists specialize in helping clients with growth strategy, innovation, marketing, sales and customer service. Hedera Consulting is now a part of the Cognizant Consulting business unit.

The acquisition further expands Cognizant’s consulting, business insight and digital transformation capabilities for clients in Belgium and the Netherlands, a company release said.

It, however, did disclose the terms of the transaction.

“The most successful companies are the ones that reduce the time from informed insight to action,” said Philip Lahey, Partner, Hedera Consulting, in a release. “By joining forces with Cognizant, we are even better positioned to help clients define their strategy, transform their businesses and gain insight and competitive advantage in their fast-changing, highly competitive marketplaces. Our combined industry and local knowledge and experience, as well as our strong joint team, will better enable our customers in the Belgian and Dutch markets to extract meaning from their data and use it to effectively shape their products, services and experiences,” he further added.