January 27, 2016 - Cognizant today announced that it has acquired KBACE Technologies. The acquisition strengthens and expands Cognizant’s digital capabilities as more clients move critical business applications to cloud-based IT infrastructures to reduce costs and complexity and improve business agility. As part of the acquisition, approximately 400 KBACE consultants and implementation experts across industry and business functions will become part of Cognizant.
A message from Mike Peterson, President and Co-Founder of KBACE:
We are thrilled to be joining Cognizant and are pleased it is in a way that allows KBACE to continue to grow and provide leading solutions with the Cognizant Cloud practice being integrated into KBACE’s delivery model. Together with Cognizant, KBACE will be able to expand our reach and provide an even greater level of service to our clients.
KBACE was founded in 1998 and we’ve become a recognized leader in the industry, most recently demonstrated by being named Oracle Partner of the Year for the third consecutive year. While our focus has always been our customers and our commitment to Oracle, the cornerstone of our success are the people that work here. They are some of the most talented Oracle professionals in the industry and their dedication, desire to be thought leaders in this space, and above all passion for helping our customers have made it all possible.
It has been an impressive journey for KBACE to reach this milestone and we are proud of the entire KBACE team and are excited for the new opportunities that lie ahead. We are confident that the combined expertise and infrastructure at Cognizant will provide a first rate experience for all our customers and we remain dedicated to maintaining and increasing the quality of innovation, support, and service our customers have come to expect from KBACE.
KBACE, A Cognizant Company
For more information on this acquisition please visit Cognizant's Press Release.