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  5. Cognizant Acquires ACeS International

M&A Deal Summary

Cognizant Acquires ACeS International

On April 1, 2003, Cognizant acquired communications company ACeS International

Acquisition Highlights
  • This is Cognizant’s 1st transaction in the Communications sector.
  • This is Cognizant’s 1st transaction in Indonesia.

M&A Deal Summary
Date 2003-04-01
Target ACeS International
Sector Communications
Buyer(s) Cognizant
Deal Type Add-on Acquisition

Target

ACeS International

Jakarta, Indonesia
ACeS (Asia Cellular Satellite) It offers GSM-like satellite telephony services to Asian market. The coverage area includes Indonesia, Malaysia, Thailand, Philippines, Sri Lanka, Vietnam, China and India. The company operates the Garuda 1 satellite, launched on February 12, 2000. A second satellite (Garuda 2) was planned but never materialized. ACeS was formed by a joint venture of PT. Pasifik Satelit Nusantara (PSN), Lockheed Martin Global Telecommunication (LMGT), Jasmine International Overseas Ltd of Thailand and Philippine Long Distance Telephone Co. (PLDT).

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Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States
Category Company
Founded 1988
Sector Information Technology
Employees336,800
Revenue 19.7B USD (2024)
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 1 of 56
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 47
Country: Indonesia M&A 1 of 1
Year: 2003 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-23 Ygyan Consulting Pvt.

Pune, India

Ygyan has 85, primarily offshore, consultants in the SAP practice offering the entire range of SAP services and will augment Cognizant's ability to deliver offshore application management projects, large implementation projects, SAP version upgrades, and ABAP development projects. Ygyan also has expertise in all SAP modules including the BusinessWarehouse and CRM.

Buy $2M
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