7. Cognizant

Company acquired: Adaptra

Head count: 100 employees

Annual revenue: Not disclosed

Purchase price: Not disclosed

Date of announcement: Dec. 16

Cognizant plans to make its second acquisition since an activist investor called for a shake-up, agreeing to buy an Australian consultancy specializing in the insurance vertical.

Teaneck, N.J.-based Cognizant, No. 7 on the 2016 CRN Solution Provider 500, said its purchase of Sydney, Australia-based Adaptra will strengthen its insurance, business transformation and platform capabilities. Adaptra implements platforms such as Guidewire to help insurance companies drive improvements across areas such as underwriting, policy administration, claims management and billing.

Adaptra works with five of the top 10 insurers in Australia and New Zealand, providing them with platform advisory and implementation services and helping them define their target business and operating models.