Cognizant acquires program management consulting firm, PIPC
10 May 2010
Chennai: IT and BPO services provider Cognizant today said that it had acquired London-based global program management consulting firm The PIPC Group, for an undisclosed sum.
Formed in 1992, PIPC's expertise spans several industries including financial services, retail, oil and gas, utilities, government and public sector, communications and the environmental sector. The company has delivery locations in the UK, Australia, New Zealand, and the US. Its services range from managing post-M&A integration through strategic software implementations, with a broad range of delivery capabilities.
''This acquisition builds on our long-standing strategy of adding sharply focused business capabilities that complement our existing offerings and enhance the value we offer clients,'' said Cognizant's president and CEO Francisco D'Souza, in a company statement.
PIPC helps leading global companies drive business transformation by providing programme management services, methods and tools, including its project management office core competency and its project health diagnostic tool, PhD, which has been successfully deployed in over 800 engagements.
The acquisition of PIPC will extend and complement Cognizant's own project management and consulting capabilities and enhance its ability to provide integrated services across consulting, technology, and business process outsourcing.
D'Souza said, ''At a time when cyclical and secular pressures are driving clients to seek new performance thresholds, effective programme management is essential to ensure measurable business outcomes."
"PIPC's strategic programme management offerings will strengthen our ability to manage increasingly complex global projects while expanding our geographic footprint, particularly in Australia, New Zealand and the UK,'' he added.
According to Simon Rawling, group managing director at PIPC ''With 85,500 associates worldwide, Cognizant will provide the global delivery capability, experience and scale to enable PIPC to accelerate its growth ambitions. "...together we can drive business transformation initiatives that combine high-quality consulting, IT, and business process outsourcing services with our advanced project management offerings.''
