Cognizant acquires Strategic Vision Consulting, Inc., extending consulting capabilities in the media and entertainment industries.Cognizant acquires Strategic Vision Consulting, Inc., extending consulting capabilities in the media and entertainment industries Acquisition complements Cognizant's media & entertainment industry offerings Cognizant (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CTSH), a leading provider of global consulting, technology and business process services, today announced the acquisition of substantially all of the assets of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA-based Strategic Vision Consulting, Inc. (SVC (1) (Switched Virtual Circuit) A network connection that is established at the time the transmission is required and disconnected when the session is completed. ), a leading management and technology consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a with over 60 employees serving the media and entertainment industry. Terms of the transaction were not disclosed. SVC focuses on high-impact consulting and systems implementation for leading media and entertainment companies, including the major studios, broadcasters, post-production facilities and interactive media companies. In addition, SVC possesses extensive experience of providing technology strategy and planning, and program and project management services. "We welcome the SVC team to Cognizant. This acquisition will expand our consulting capabilities in the media and entertainment industry and will allow us to help media and entertainment companies respond to the opportunities brought about by the digital transformation of the industry," said Francisco D'Souza Francisco D'Souza is the CEO of Cognizant Technology Solutions. He took over from Lakshmi Narayanan who was promoted as the Vice Chairman. Mr. Francisco D'Souza is among the youngest Chief Executive Officers in the software services sector at the age 38. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Cognizant. "The combination of SVC's strong relationships in the entertainment industry and Cognizant's global delivery model positions Cognizant as a services leader within the fast-growing media and entertainment industry." "We are very pleased to join the Cognizant family," said Frank Leal LEAL. Loyal; that which belongs to the law. , co-founder and managing principal, SVC. "The combination of our market-leading consulting capability in the entertainment segment and Cognizant's strengths as a top global services player will allow us to deliver superior services to our collective clients by providing them with a broader range of services. We found a great cultural fit between both companies in terms of entrepreneurial spirit, corporate culture, commitment to client satisfaction and overall vision for the future of the global services industry." [c] 2008 Al Bawaba (www.albawaba.com) |
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