Cognizant Technology Solutions, provider of information technology, consulting, and business process outsourcing services, has acquired the PIPC Group, a global programme management consulting firm based in London.
PIPC shareholders will receive an initial consideration of pound sterling 23 million, plus an earn-out payment tied to future performance milestones, according to company sources.
PIPC, with more than 200 professionals worldwide, primarily in the U.K, Australia, New Zealand and the U.S., helps leading global companies by providing industry-leading programme management services, methods and tools, including its project management office core competency and its project health diagnostic tool, which has been successfully deployed in over 800 engagements.
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PIPC will extend and complement Cognizant's existing project management and consulting capabilities.