M&A Deal Summary

Cognizant Acquires Collaborative Solutions

On May 5, 2020, Cognizant acquired information technology company Collaborative Solutions from WestView Capital Partners

Acquisition Highlights
  • This is Cognizant’s 13th transaction in the Information Technology sector.
  • This is Cognizant’s 15th transaction in the United States.
  • This is Cognizant’s 1st transaction in Virginia.

M&A Deal Summary

Date 2020-05-05
Target Collaborative Solutions
Sector Information Technology
Buyer(s) Cognizant
Sellers(s) WestView Capital Partners
Deal Type Add-on Acquisition

Target

Collaborative Solutions

Reston, Virginia, United States
Collaborative Solutions LLC is a global Finance and HR Transformation consultancy that leverages cloud solutions to help deliver successful outcomes for its customers. Collaborative Solutions has executed over 275 Workday Financial Management, HCM, and Payroll deployments for global Fortune 500 companies, medium-sized businesses, and education and government institutions. Collaborative Solutions was founded in 2003 and is based in Reston, Virginia.

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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 38 of 56
Sector: Information Technology M&A 13 of 21
Type: Add-on Acquisition M&A Deals 31 of 47
State: Virginia M&A 1 of 2
Country: United States M&A 15 of 28
Year: 2020 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-23 Lev+

Indianapolis, Indiana, United States

Lev+ is a Salesforce Platinum Partner specializing in custom cloud solutions that equip marketers to use automation, personal preferences, and data to forge stronger customer connections through personalized experiences. Lev+ is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 New Signature

Washington, District of Columbia, United States

New Signature, Inc. is a cloud based Microsoft National Solution provider to drive transformational results for clients across all company sizes, geographies, and industries. New Signature was founded in 2003 and is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 25 of 35
Sector: Information Technology M&A 5 of 10
Type: Add-on Acquisition M&A Deals 12 of 16
State: Virginia M&A 2 of 2
Country: United States M&A 25 of 35
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Mintz Group

New York, New York, United States

Mintz Group provides investigative and fact-gathering services that range from enhanced background checks for senior executive hires, to due diligence on parties in proxy fights, to supporting complex litigation cases. Mintz Group investigators conduct thousands of matters each year, giving their clients the facts they need to make sound business decisions. Founded in 1994 and headquartered in New York City, Mintz Group has 15 offices across eight time zones: New York, San Francisco, Washington, D.C., Chicago, Miami, London, Toronto, Montreal, Sao Paolo, Dubai, Nairobi, Hong Kong, Beijing, Singapore, and Mumbai.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-15 The Paper Store

Acton, Massachusetts, United States

The Paper Store owns and operates a chain of specialty gift stores in New England. It offers gifts and more for every gift giving occasion, including greeting cards, jewelry, fashion apparel and accessories, children’s products, sports apparel, stationery and books among many other product categories. The Paper Store is based in Acton, Massachusetts.

Sell -