M&A Deal Summary

Cognizant Acquires Utegration

On December 7, 2022, Cognizant acquired business services company Utegration from RLH Equity Partners

Acquisition Highlights
  • This is Cognizant’s 9th transaction in the Business Services sector.
  • This is Cognizant’s 25th transaction in the United States.
  • This is Cognizant’s 3rd transaction in Texas.

M&A Deal Summary

Date 2022-12-07
Target Utegration
Sector Business Services
Buyer(s) Cognizant
Sellers(s) RLH Equity Partners
Deal Type Add-on Acquisition

Target

Utegration

Houston, Texas, United States
Utegration is a provider of consulting, customization, and implementation solutions to the utility industry. Utegration implements solutions that enhance utility customer satisfaction, achieve regulatory mandates for improvements in service, provide valuable detailed data regarding resource usage by customer, and prepare utilities to address the increasing complexity of the power grid. Utegration was established in 2008 and is based in Houston, Texas.

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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 52 of 55
Sector (Business Services) 9 of 9
Type (Add-on Acquisition) 43 of 46
State (Texas) 3 of 3
Country (United States) 25 of 27
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 AustinCSI

Plano, Texas, United States

AustinCSI is a management consulting firm, that provides solutions and services in the areas of business transformation, enterprise modernization, and digital services that empower change and accelerate value realization. AustinCSI was founded in 2007 and is based in Plano, Texas.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

RLH Equity Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

RLH Equity Partners is a private equity firm that targets investments in middle-market companies throughout North America. RLH look for market leaders generating sales of $25 to $200 million with high growth potential. General areas of interest include business services (including IT services), high value-added manufacturing, specialty distribution, healthcare, and financial services. The Firm invests in the range of $30 to $100 million per transaction. Prospective transaction situations include growth equity financings, shareholder liquidity, recapitalizations, and management buyouts. RLH Equity Partners was formed in 1982 and is based in Los Angeles, California.


DEAL STATS #
Overall 22 of 23
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 12 of 13
State (Texas) 1 of 1
Country (United States) 22 of 23
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Inspirage

Bellevue, Washington, United States

Inspirage is a provider of consulting, customization, and implementation solutions for supply chain software. Inspirage delivers end-to-end consulting and implementation solutions that link Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM), Product Lifecycle Management, Supply Chain Management, and Logistics Management. Inspirage was established in 2007 and is based in Bellevue, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Connors Group

Canonsburg, Pennsylvania, United States

Connors Group is a provider of productivity and operational excellence solutions, helping clients improve their efficiency through its continuous improvement, performance management, and WFM system implementation services. It has extensive field experience and is credited with developing leading-edge workforce management tools and proven methodologies for long-term operational success. Connors Group is based in Canonsburg, Pennsylvania.

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