Accenture Federal Services completes acquisition of Cognosante to strengthen federal health portfolio

May 20, 2024•about 1 year ago

Acquiring Company

Accenture

Acquired Company

Cognosante

Dublin

Madhya PradeshGovernmentHealth CareInformation Technology

Description

Accenture Federal Services has successfully completed the acquisition of Cognosante, a Falls Church, Virginia-based provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies. This strategic move aims to create a new federal health portfolio to deliver specialized mission solutions and accelerate impact for clients.

Company Information

Company

Accenture

Location

Dublin, Dublin, Ireland

About

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed