Cognizant acquires Strategic Vision Consulting, strengthens consulting capabilities in media, entertainment

Outsourcing firm Cognizant today announced it had acquired substantially all of the assets of Los Angeles-based management and technology consulting firm Strategic Vision Consulting, Inc. (SVC) serving the media and entertainment industry, for an undisclosed sum.

SVC focuses on high-impact consulting and systems implementation for leading media and entertainment companies, including the major studios, broadcasters, post-production facilities and interactive media companies. In addition, SVC possesses extensive experience of providing technology strategy and planning, and program and project management services.

SVC's 60 employees will be joining cognizant.

''This acquisition will expand our consulting capabilities in the media and entertainment industry and will allow us to help media and entertainment companies respond to the opportunities brought about by the digital transformation of the industry,'' said Francisco D'Souza, president and CEO, Cognizant.

''The combination of SVC's strong relationships in the entertainment industry and Cognizant's global delivery model positions Cognizant as a services leader within the fast-growing media and entertainment industry,'' added  D'Souza.

SVC has been providing  consulting services to the entertainment industry since 1995. It specialises  in digital asset management (DAM), anti-piracy, and other emerging technology areas.

Frank Leal, co-founder and managing principal, SVC, said, ''The combination of our market-leading consulting capability in the entertainment segment and Cognizant's strengths as a top global services player will allow us to deliver superior services to our collective clients by providing them with a broader range of services. ''