Cognizant acquires a Managed Infrastructure and Professional Services Firm

By admin, September 6, 2006 12:47 am

Wipro was doing the acquisition round till recently now another Indian IT Services major has joined the acquisition band wagon…Cognizant recently announced the acquisition of AimNet Solutions a Massachusetts-based managed infrastructure and professional services firm. In acquiring AimNet, Cognizant gains capabilities and expertise that strengthen the Company's fast-growing IT Infrastructure Services (ITIS) practice.

Founded in 2000 by former AT&T executives, AimNet is a privately-held company with over 100 employees. This transaction provides Cognizant with a state-of-the-art US-based Network Operations Center (NOC), a world-class patent-pending, proprietary infrastructure management software platform, an installed base of over 80 direct and indirect customers and partners, and high-end network and infrastructure consulting capabilities in areas such as network architecture, planning, design and infrastructure security solutions. In addition, Cognizant gains a highly experienced management team, led by industry veteran Ed Nalbandian, CEO of AimNet, who will join Cognizant to manage its IT Infrastructure Services practice.

This acquisition demonstrates our commitment to continue building on the success of Cognizant's fast-growing IT Infrastructure Services practice by expanding the depth of services we can provide to our customers," said Lakshmi Narayanan, President and CEO of Cognizant. "AimNet's offerings in professional and managed services, their process-rich delivery platform and high-end consulting capabilities in network management systems complement our growing infrastructure services offering. We are very pleased to welcome Ed Nalbandian and his team to Cognizant and anticipate that this acquisition will further accelerate the growth of our ITIS practice."

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Prashanth Rai

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