India’s Cognizant to acquire London-based Contino

INDIAN IT major Cognizant said it has entered into a deal to acquire the UK-based Contino, a privately-held technology consulting firm.

The transaction is expected to close in the fourth quarter of 2019. The financial details are yet to be disclosed.

Headquartered in London, Contino has approximately 350 employees worldwide with operations in the UK, the US, and Australia.

Clients of the British DevOps consulting firm have included more than 100 of the world's leading brands such as Adidas, Allianz, Barclays, Dow Jones, JetStar, and Lloyds Bank, among others.

Contino was co-founded by Matt Farmer and Benjamin Wootton, who serve as chief executive officer and chief technology officer,  respectively.

Contino was recognised in 2018 and 2019 as a "LinkedIn Top Startup" in the UK.

"We look forward to welcoming Contino's talented team to Cognizant," said Brian Humphries, CEO of Cognizant.

"The DevOps approach to cloud migration, core modernisation and cloud security is reshaping how enterprises in all industries are building their infrastructures. This new set of holistic cloud capabilities from Contino will enable us to offer and more readily deploy transformative cloud-based solutions."

Matt Farmer, co-founder and chief executive of Contino, said: "Joining Cognizant enables us to expand and scale our offerings globally, build on our tremendous success, and provide an even richer portfolio of cloud strategy and engineering capabilities."

Recognised as a global premier partner with Amazon Web Services, as well as for expertise in Microsoft Azure and Google Cloud Platform, Contino's consulting and engineering teams have completed more than 200 enterprise engagements since 2014.