Global IT consulting firm Cognizant is acquiring Atlanta, Georgia’s Tin Roof Software for an undisclosed amount.
This is M&A deal 338 that ChannelE2E has covered so far in 2020. See the full M&A deal list here.
Privately held Tin Roof offers custom software and digital product development services. The acquisition will expand Cognizant’s software product engineering footprint in the United States and connect Tin Roof’s experts with Cognizant’s broader global software development capabilities, the buyer asserts.
Tin Roof offers software design, development, DevOps, and delivery services for Fortune 500 customers and clients across numerous vertical markets.
Cognizant Acquires Tin Roof Software: Executive Insight
Malcolm Frank, president, digital business, Cognizant, commented:
"To compete effectively, clients are replacing traditional application development with digital engineering to build leading-edge, consumer-grade experiences and infuse software into their products, services, and customer experiences. Cognizant is investing to compete and win in digital engineering, one of our strategic priorities. Tin Roof's exceptional software product development and agile teams share our philosophy of customer-centricity and will strengthen our network of engineering talent in the U.S. We look forward to welcoming Tin Roof's software product engineering experts to Cognizant."
Daniel Gore, president and chief executive officer, Tin Roof Software, added:
"Delivering strategic, innovative solutions that drive tangible business outcomes is at the heart of our success. We look forward to our software product engineering experts joining Cognizant Softvision and connecting to Cognizant's global delivery model, complementing Cognizant's deep expertise in artificial intelligence, data, Internet of Things, cloud, and interactive experience."
Tin Roof has operations in Atlanta, Georgia and Dallas-Fort Worth, Texas. Once the deal is finalized, Tin Roof's workers will join Cognizant Softvision. In 2018, Cognizant acquired Austin, Texas-based Softvision, a digital products developer. Cognizant Softvision has studios in Argentina, Australia, Canada, India, Mexico, Romania, and the United States.
Cognizant’s M&A Plays
This is Cognizant’s sixth acquisition of 2020. The other deals involved buying:
- July 2020: New Signature, a Microsoft Azure Expert MSP.
- May 2020: Workday SaaS partner Collaborative Solutions.
- March 2020: Salesforce cloud partner Lev.
- February 2020: Code Zero for cloud-based CPQ and billing consulting.
- February 2020: Salesforce partner El Technologies.
