Cognizant acquires Belgium-based analytics company Hedera Consulting

Hedera Consulting is a consulting company specialised in growth strategy, digitisation, innovation and commercial excellence for clients across industries, including financial service

IT major Cognizant has acquired Belgium-based Hedera Consulting, a privately-held company specialising in business advisory and data analytics services in a number of industry sectors, to expand its consulting, business insight and digital transformation capabilities for clients in Belgium and the Netherlands.

The company did not disclose the value of the transaction.

Hedera Consulting will be part of Cognizant Consulting business unit, post acquisition. Its consultants and data scientists specialise in helping clients with growth strategy, innovation, marketing, sales and customer service.

Santosh Thomas, president, Global Growth Markets, Cognizant said that in the Belgian and Dutch markets, companies are re-designing their business and IT operating models for the digital era. 

“Hedera Consulting expands our ability to help these European clients create agile and digitally transformed enterprises that can act and react to the oceans of data for deeper customer insight, new product development, and to innovate and exploit new business opportunities,” he added.

Philip Lahey, partner, Hedera Consulting, said, “By joining forces with Cognizant, we are even better positioned to help clients define their strategy, transform their businesses and gain insight and competitive advantage in their fast-changing, highly competitive marketplaces."

Its combined industry and local knowledge and experience, as well as the joint team, will enable it to serve its customers in these markets better, he added.

Hedera Consulting, founded in 2009, is a consulting company specialised in growth strategy, digitisation, innovation and commercial excellence for clients across industries, including financial services and utilities. Hedera supports its clients with advice and transformation management. 

In 2015, Hedera started an additional business line focusing on analytics and data excellence. Hedera is based in the Benelux with offices in Belgium and Netherlands and has served clients across the rest of Europe, including Italy, Switzerland, the Nordics, the United Kingdom, and the Middle East.