Cognizant's Strategic Move: Acquiring Thirdera to Forge a ServiceNow Powerhouse

In a significant move that has sent ripples across the IT services landscape, Cognizant, a global leader, recently announced its plan to acquire Thirdera, a ServiceNow Elite channel partner. The decision is part of Cognizant's strategic vision to solidify its position as one of the largest and most esteemed ServiceNow partners in the industry. As the details of this acquisition emerge, it's clear that both companies are gearing up for a transformative journey in the realm of digital enterprise solutions.

Thirdera's Journey to the Pinnacle:

Founded just three years ago in Broomfield, Colorado, Thirdera swiftly ascended to become the largest global pure play partner dedicated to helping clients derive maximum value from ServiceNow. The company's success can be attributed to its relentless pursuit of excellence, marked by six strategic acquisitions and significant organic hiring to meet the burgeoning demand in the ServiceNow space.

Cognizant's Calculated Move:

Hailing from Teaneck, New Jersey, Cognizant holds the sixth spot in CRN's 2023 Solution Provider 500 rankings. The decision to acquire Thirdera signals Cognizant's commitment to further strengthen its ServiceNow practice. With a team of 1,500 professionals focused on ServiceNow, Cognizant aims to integrate Thirdera's 940 employees into its ServiceNow business group.

Mutually Aligned Ambitions:

The beauty of this acquisition lies in the synergy between Cognizant and Thirdera. According to Jason Wojahn, CEO and co-founder of Thirdera, both companies independently recognized the need for more reach and scale in the ServiceNow domain. The alignment of their agendas and ambitions creates a seamless integration, positioning them as a formidable force in the ServiceNow consultancy landscape.

Strategic Benefits of the Acquisition:

This union is expected to result in one of the largest ServiceNow consultancies globally, offering clients a comprehensive suite of services. Thirdera's expertise, coupled with Cognizant's existing practice, brings forth additional regions, an expanded pool of resources, certified master architects, certified technical architects, and enhanced training capabilities. The amalgamation of intellectual property from both entities promises to create a harmonized powerhouse that exceeds what either could have achieved individually.

Cognizant's ServiceNow Aspirations:

This move is part of Cognizant's broader strategy in building a billion-dollar business in collaboration with ServiceNow. The company had earlier unveiled a strategic partnership focused on advancing AI-driven automation across various industries. The acquisition of Thirdera serves as a key milestone in this journey, positioning Cognizant as a leader in driving digital transformation through ServiceNow.

Conclusion:

As the acquisition of Thirdera moves towards finalization over the next four to six weeks, the industry eagerly anticipates the combined impact of these two powerhouses. The union of Cognizant and Thirdera promises not just an expanded business footprint but a comprehensive and unparalleled set of ServiceNow solutions for enterprises worldwide. Stay tuned as Cognizant and Thirdera embark on a shared journey towards the forefront of digital transformation.