Continuing on its acquisitions-led growth spree from the last two years, Teaneck, New Jersey-based IT (information technology) services firm Cognizant has bought Code Zero, a provider of consulting and implementation services for cloud-based CPQ (configure-price-quote) and billing solutions.
The financial details of the transaction were not disclosed.
The latest acquisition strengthens Cognizant’s cloud solutions portfolio and deepens its expertise in the Salesforce platform advisory, implementation and managed services, the company said on Tuesday.
“The acquisition of Code Zero enriches our cloud offerings, brings deep domain expertise to our clients and further strengthens our strategic relationship with Salesforce.com,” Brian Humphries, CEO of Cognizant, said.
Atlanta, Georgia-based Code Zero specialises in helping companies digitally transform by providing strategy, implementation and migration capabilities to evolve legacy systems to cloud-based CPQ and billing systems.
Together with contract lifecycle management, these systems make up QTC (quote-to-cash) solutions and enable clients to configure, price and quote complex deals, automate the customer lifecycle and accelerate revenue.
Code Zero is a Salesforce platinum partner and includes global enterprises among its clients across industries, particularly manufacturing and financial services. Salesforce is a global leader in cloud-based customer relationship management software.
Code Zero’s expertise, geographic presence and client portfolio build on capabilities Cognizant expanded with its October 2018 acquisition of ATG, a preeminent consultancy focused on QTC business processes and technologies.
ATG’s experts at delivery centers in Kansas, Missouri, Montana and Ohio in the US comprise one of the industry’s largest teams of specialists in QTC for multiple technology platforms. Code Zero’s team of professionals, based primarily in Atlanta and Charlotte, North Carolina, will complement and extend ATG’s footprint.
“Cognizant and ATG share our passion for collaborating with clients and helping them succeed in their digital transformation endeavors. Combining our respective expertise in advising on, implementing and managing CPQ and billing business processes and technologies contributes to a true global powerhouse of Salesforce platform expertise,” Gene Nix, co-founder and managing partner of Code Zero, said.
Recently, Cognizant bagged a five-year contract from Network Rail, a British rail infrastructure company. The company’s solutions in artificial intelligence, internet of things, data analytics and mobility technologies will help Network Rail improve its asset management and make railway operations safer and more efficient.