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
- Highams to acquire tech recruitment outfit Nakama
Value: £1.28 million
Advisers: undisclosed
- Property and security services provider SitexOrbis Holdings Limited has been acquired by VPS Holdings Limited
Value: £1.28 million
Advisers: TDR Capital
