Cognizant has acquired the professional services and application management practices of OneSource Virtual, bolstering its cloud application management offerings.
Dallas-based OneSource is a Workday partner with a decade of experience in handling finance, HR and payroll technology projects.
Cognizant said it would merge OneSource’s units into Collaborative Solutions, another Workday partner that it purchased in 2020. Once the deal is closed, around 400 of OneSource employees in the US, Canada and Britain will join Collaborative Solutions.
Today, we are pleased to announce that we have entered into an agreement to acquire the professional services and application management practices of @OneSourceV, a @Workday partner. Read more: https://t.co/NAp0lJuszY pic.twitter.com/wochqRoMw2
— Cognizant (@Cognizant) November 1, 2022
Cognizant stated the acquisition complements its existing finance and HR advisory implementation services with Workday, in addition to bolstering its capabilities in consulting, deployment and post-deployment support services.
“Adoption and migration to the cloud to manage workflows is only accelerating, and the Workday platform ecosystem continues to be embraced as a critical tool to provide finance, HR and other functions greater resiliency and agility,” said Rob Vatter, Executive Vice President of Cognizant’s Enterprise Platform Services.
Founded in 2008, OneSource claims that it pioneered business process-as-a-service (BPaaS) and worked with hundreds of firms on finance and HR projects.
With nearly US$19 billion in annual revenue, Cognizant is one of the leading tech outsourcing firms in North America, with a large majority of its workers operating out of India.