TEANECK, N.J., Sept. 18, 2018 /PRNewswire/ -- Cognizant
(Nasdaq: CTSH) today announced the acquisition of Advanced
Technology Group (ATG), a privately-held provider of customer and
revenue management consulting and implementation services focused
on the Salesforce Platform. The transaction is expected to
close in the fourth quarter of 2018 subject to customary
reviews.
Kansas-based ATG is a leader in
helping companies effectively plan, implement, and optimize
automated cloud-based Quote-to-Cash (Q2C) business processes and
technologies. Streamlined and automated Q2C enables greater
efficiency, more accuracy, and better business visibility from
initial customer contact to final payment. An effective and
integrated Salesforce Q2C implementation improves the core business
processes used to acquire new customers, maintain and cross-sell
existing customers, and provide a superior customer
experience.
Founded in 2000, ATG has delivery centers in Kansas, Missouri, Ohio and Montana, with the largest team of specialized
Configure, Price, Quote (CPQ), Contract Lifecycle Management (CLM),
and Billing practitioners for multiple technology platforms
anywhere. ATG's clients include major financial services,
healthcare, communications and technology organizations ranging
from well-funded startups to fast growing mid-market and large
global enterprises. ATG will become part of Cognizant's Enterprise
Application Services practice, which has among one of the largest
number of Salesforce-trained experts in the world.
"Managing quote-to-cash effectively is a key part of a
successful digital business model, providing a solid foundation for
accelerating revenue growth, to rapidly introduce new products, and
implement dynamic digital marketing strategies," said Rajesh Balaji, Global Delivery Head, Enterprise
Application Services, Cognizant. "Cognizant has broad
expertise helping clients around the world design, implement and
manage their digital business strategies on the Salesforce
platform. ATG's deep Q2C domain expertise and extensive
Salesforce CPQ and Billing implementation offerings strengthen
Cognizant's cloud solutions portfolio as clients increasingly shift
to business models that are based on recurring revenue streams,
subscriptions, consumption, IoT, and as-a-service offerings."
"ATG's advisory led approach coupled with our methodology, tools
and best practices have been carefully refined to generate positive
outcomes for hundreds of clients over the past 18 years," said
Michael Walsh, CEO, ATG. "By
joining forces with Cognizant, we are better able to expand our
capabilities to help global clients be more responsive to market
changes and succeed with digital monetization ecosystems
encompassing people, processes and technology."
"Cognizant and ATG are key Salesforce partners focused on
helping our customers improve sales processes on everything from
initial leads and opportunities to quotes and contracts," said
Don Lynch, Senior Vice President,
Worldwide Strategic Alliances at Salesforce. "The combined
expertise and capabilities of Cognizant and ATG will further
enhance the value provided to customers by utilizing the world's
leading CRM platform."
Learn More:
Cognizant Salesforce practice
ATG Website
About Cognizant
Cognizant (Nasdaq: CTSH) is one of the world's leading
professional services companies, transforming clients' business,
operating and technology models for the digital era. Our unique
industry-based, consultative approach helps clients envision, build
and run more innovative and efficient businesses. Headquartered in
the U.S., Cognizant is ranked 195 on the Fortune 500 and is
consistently listed among the most admired companies in the world.
Learn how Cognizant helps clients lead with digital
at www.cognizant.com or follow us @Cognizant
Forward-Looking Statements
This press release includes statements which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events that may not
prove to be accurate. These statements include, but are not limited
to, express or implied forward-looking statements relating to the
anticipated closing of the acquisition of ATG by Cognizant and
expectations regarding the impact of such acquisition on the
business and prospects of Cognizant and ATG. These statements are
neither promises nor guarantees, but are subject to a variety of
risks and uncertainties, many of which are beyond our control,
which could cause actual results to differ materially from those
contemplated in these forward-looking statements. Existing and
prospective investors are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. Factors that could cause actual results to differ
materially from those expressed or implied include general economic
conditions, changes in the regulatory environment, including with
respect to immigration and taxes, and the other factors discussed
in our most recent Annual Report on Form 10-K and other filings
with the Securities and Exchange Commission. Cognizant undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as may be required under applicable securities
law.
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SOURCE Cognizant