11 M&A Deals That Reshaped The Channel In July
Submitted by Michael Novinson and Jimmy Sheridan on
4. Cognizant
Company acquired: Idea Couture
Head count: 170 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of Announcement: July 28
Cognizant purchased Toronto-based design firm Idea Couture to increase its investment in social science-based IT development.
The Teaneck, N.J.-based company - No. 7 on CRN's Solution Provider 500 - gained social scientists, strategists, anthropologists, user-experience experts, designers and product developers in the acquisition, which the company says will help it connect social sciences research with the design and creation of real-life solutions focused on solving real-world problems.
The acquisition builds on the investment Cognizant made in April when it acquired a 49-percent stake in Copenhagen-based human sciences consultancy ReD Associates.