Nasdaq listed IT company Cognizant Technology Solutions Corp today announced the acquisition of Pepperweed Advisors, the IT consulting services division of US-based Pepperweed Consulting, for an undisclosed sum.

New Jersey headquartered Cognizant, which provides consulting, technology and BPO services, has over 50 global delivery centres and over 64,000 employees and most of them are based in India.

Also Read   Related Stories News Now - Cognizant inagurates Rs 180 cr facility in Coimbatore - Cognizant, SAP AG tie up - Financials put Pandit on top among NRI-run firms - Cognizant Q1 profit climbs 11% to $113 mn - Cognizant eyes buyouts in Asia-Pacific - Cognizant back in search of Satyam

Also Read   Related Stories News Now - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report More

It had earlier acquired another US-based consultancy firm SVC and professional services firm AimNet.

Pepperweed Advisors said it uses its proprietary best practice process models and software to act as an advisor to IT companies.

Cognizant shares were up 2.31 per cent at $35.34 on Nasdaq at close yesterday.

"We welcome Pepperweed Advisors to the Cognizant fold as we strengthen our Cognizant Business Consulting offerings," said Cognizant President and CEO Francisco D'Souza.

"Pepperweed helps to round out our ITIS consulting portfolio while enhancing our ability to serve as trusted advisors to our clients," he added.

"Process improvement is a top priority for IT infrastructure and operations leaders in 2009," said Cognizant Vice-President (ITIS) Robert Boles.

Pepperweed Advisors brings us intellectual property, IT process models, and detailed delivery kits that deepen our domain expertise and enable hands-on implementation for our clients, leveraging our ITIL-based global service delivery framework," he added.

Pepperweed Advisors has developed substantial intellectual property and IT process models, including the Pepperweed Process Model. An "ERP for IT" reference model containing over 20 processes, which has been downloaded by more than 2,000 IT professionals in 80 countries.

In addition, Pepperweed has created PathFinder 2.0, a process-to-technology enabled software system that provides clients access to, and ongoing management of, their IT process and best practices content in a full-featured, easy-to-use Web application.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report

Tags : Nasdaq listed | Cognizant Technology | Pepperweed Advisors | AimNet   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE!