M&A Deal Summary

Cognizant Acquires UBS Service Centre Pvt.

On October 15, 2009, Cognizant acquired financial services company UBS Service Centre Pvt. from UBS for 75M USD

Acquisition Highlights
  • This is Cognizant’s 1st transaction in the Financial Services sector.
  • This is Cognizant’s 3rd largest (disclosed) transaction.
  • This is Cognizant’s 2nd transaction in India.

M&A Deal Summary

Date 2009-10-15
Target UBS Service Centre Pvt.
Sector Financial Services
Buyer(s) Cognizant
Sellers(s) UBS
Deal Type Divestiture
Deal Value 75M USD

Target

UBS Service Centre Pvt.

Hyderabad, India
UBS Service Centre (India) Pvt. Ltd.capabilities in wealth management, investment banking, asset management,research, and remote IT infrastructure management will help Cognizant strengthen its business and knowledge process capabilities, deepen its financial services domain knowledge, and enhance its capabilities to provide integrated services across consulting, technology, and outsourcing.

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Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States

website


Category Company
Founded 1994
Sector Information Technology
Employees355,300
Revenue 19.4B USD (2022)
DESCRIPTION
Cognizant's office in Hyderabad, India.
Cognizant's office in Hyderabad, India.

Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Cognizant was incorporated in 1994 and is based in Teaneck, New Jersey.


DEAL STATS #
Overall 7 of 54
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 9
Country (India) 2 of 5
Year (2009) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-09 Strategic Vision Consulting

Valley Village, California, United States

Strategic Vision Consulting, Inc. has been providing premier consulting services to the entertainment industry . Known for its thought leadership and project management, SVC has grown to be a trusted advisor to numerous studio executives and leaders. Spanning strategic assessments to complex custom systems implementations, SVC delivers successful projects with a practical and collaborative style.

Buy $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-10 PIPC

London, United Kingdom

PIPC is a program management consulting firm. With expertise spanning several industries including financial services, retail, oil and gas, utilities, government and public sector, communications and the environmental sector, the company serves clients worldwide from delivery locations in the UK, Australia, New Zealand, and the U.S. Its services range from managing post-M&A integration through strategic software implementations, with a broad range of delivery capabilities.

Buy -

Seller(S) 1

SELLER

UBS

Zurich, Switzerland

website


Category Company
Founded 1862
Sector Financial Services
Employees71,385
Revenue 33.3B USD (2022)
DESCRIPTION
Entrance to UBS' corporate headquarters in Zurich, Switzerland.
Entrance to UBS' corporate headquarters in Zurich, Switzerland.

UBS is a retail and commercial bank providing financial services to private, corporate and institutional clients. UBS was founded in 1862 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 3
Country (India) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-31 SoundView Technology Group

Old Greenwich, Connecticut, United States

SoundView Technology Group, Inc. is the parent of SoundView Technology Corporation, a research-driven securities firm focused on technology and other growth sectors.

Buy $265M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Equatex AG

Zurich, Switzerland

Equatex AG is a provider of international employee and executive compensation plan services for today’s global enterprise, supporting clients with participants across Europe, Asia, Australia and America. Equatex AG is based in Zurich, Switzerland.

Sell -