M&A Deal Summary

Cognizant Acquires Thirdera

On December 13, 2023, Cognizant acquired information technology company Thirdera from Sunstone Partners

Acquisition Highlights
  • This is Cognizant’s 20th transaction in the Information Technology sector.
  • This is Cognizant’s 26th transaction in the United States.
  • This is Cognizant’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2023-12-13
Target Thirdera
Sector Information Technology
Buyer(s) Cognizant
Sellers(s) Sunstone Partners
Deal Type Add-on Acquisition

Target

Thirdera

Leesburg, Virginia, United States
Thirdera is a global services provider that uses ServiceNow to help enterprises unlock their business and customer workflows in the cloud through digitization and automation. Thirdera brings together the power of the ServiceNow platform and its limitless potential across the world of work. Thirdera was founded in 2021 and is based in Leesburg, Virginia.

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Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States

Category Company
Founded 1994
Sector Information Technology
Employees344,400
Revenue 19.4B USD (2023)
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 54 of 55
Sector (Information Technology) 20 of 20
Type (Add-on Acquisition) 45 of 46
State (Virginia) 2 of 2
Country (United States) 26 of 27
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Mobica

Wilmslow, United Kingdom

Mobica is a software development and integration services company with a global customer base. The Company partners with businesses across multiple industries - from aerospace to finance and semiconductors to automotive - providing them with access to incredible talent and software engineering expertise across the entire technology stack, from concept and development, through to testing and integration, from chip to cloud. Mobica was founded in 2004 and is based in Wilmslow, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Belcan

Cincinnati, Ohio, United States

Belcan is a provider of engineering project management and technical staffing solutions to a diverse spectrum of industries. Belcan was founded in 1958 and is based in Cincinnati, Ohio.

Buy $1.3B

Seller(S) 1

SELLER

Sunstone Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2015
PE ASSETS 800M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Sunstone Partners is a private investment firm focused on growth equity investments in and majority buyouts of tech companies. The Firm targets opportunities throughout North American and seeks businesses with at least $10 million in revenues and at least 20% of yearly growth. Sunstone Partners was formed in 2015 from a team that previously worked together at Trident Capital. The Firm is based in San Mateo, California.


DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Virginia) 1 of 1
Country (United States) 3 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 EverService

Phoenix, Arizona, United States

EverService is a provider of tech-enabled business solutions for companies of all sizes, helping them to grow and scale with digital marketing, website design & development, scheduling & booking services, 24/7 answering services, inbound & outbound sales, live virtual receptionists, client & patient intake, and IT services. EverService is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Accuhealth

McAllen, Texas, United States

Accuhealth is a distinguished Healthcare Technology company is at the forefront of innovation in RPM and CCM. Accuhealth’s solution revolutionizes primary physician care both within clinical settings and the comfort of patients’ homes. With seamless access to real-time vital information, physicians can enhance patient outcomes, elevate satisfaction levels, and reduce overall healthcare costs. Accuhealth was founded in 2018 and is based in McAllen, Texas.

Buy -