“We have acquired the company along with its 100 employees and SAP-focused toolsets. Zaffera’s rich talent pool has an average of 12-plus years of experience in the SAP retail space, which is a key differentiator,” R Chandrasekaran, President and MD, Global Delivery, Cognizant, pointed out.
“Cognizant derives over 20% of its global revenues from retail, manufacturing and logistics. Together, they will deliver end-to-end SAP solutions to the world’s leading retailers,” Chandrasekaran added.
This acquirement will hold up Zaffera’s long-term strategy to go through high-growth emerging markets globally, mainly APAC & Latin America, and improve its generally service delivery and software development capabilities.
Francisco D’Souza, President and CEO, Cognizant said that “The retail industry is facing intense economic and competitive pressures. The advent of new technologies like social media and mobility has created a more empowered, savvy consumer, and retailers are working harder than ever to attract and retain customers in the face of thin margins.”
The coming together of both companies will also enlarge Cognizant‘s ability to offer industry-focused SAP consulting and software solutions.