Cognizant acquires Zaffera's assets
Nasdaq listed information technology company Cognizant Technology Solutions Corp. has acquired the assets of retail consulting and soft ware development firm Zaffera Llc for an “undisclosed amount“.
The acquisition would help Cognizant significantly expand its ability to provide industry focused SAP consulting and software solutions to major retailers enabling them to streamline operations and enhance customer satisfaction, Cognizant said in a statement.
“The retail industry is facing intense economic and competitive pressures.
The advent of new technologies like social media and mobility have created a more empowered, savvy consumer and retailers are working harder than ever to attract and retain customers in the face of thin margins“, Cognizant chief executive officer Franciso D'Souza said.
The advent of new technologies like social media and mobility have created a more empowered, savvy consumer and retailers are working harder than ever to attract and retain customers in the face of thin margins“, Cognizant chief executive officer Franciso D'Souza said.
(Source-mintlive.com)
