Conizant to acquire Zaffera

Outsourcing company Cognizant has acquired Zaffera, an SAP retail consulting and software development firm, for an undisclosed sum.
Round-up of today's M&A Deals


Outsourcing company Cognizant has acquired Zaffera, an SAP retail consulting and software development firm, for an undisclosed sum.
Round-up of today’s M&A Deals

Outsourcing company Cognizant has acquired Zaffera, an SAP retail consulting and software development firm, for an undisclosed sum.

Cognizant hopes the acquisition will expand its ability to provide SAP consulting and software solutions to major retailers.

‘The retail industry is facing intense economic and competitive pressures. The advent of new technologies such as social media and mobility have created a more empowered, savvy consumer, and retailers are working harder than ever to attract and retain customers in the face of thin margins, said Cognizant CEO Francisco D’Souza.

‘This acquisition will strengthen our ability to help retailers address these challenges and seize new opportunities created by multi-channel retailing,’ he said.

In the UK, Cognizant makes 45 per cent of its revenues in financial services, 18 per cent in pharmaceuticals, with the remaining 37 per cent split between retail, manufacturing, telecoms and media.

Round up of today’s M&A Deals

  • Sharp to buy out Galapagos tablet content store JV

Value: undisclosed

Advisers: undisclosed

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  • Highams to acquire tech recruitment outfit Nakama

Value: £1.28 million

Advisers: undisclosed

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  • Property and security services provider SitexOrbis Holdings Limited has been acquired by VPS Holdings Limited

Value: £1.28 million

Advisers: TDR Capital

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Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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