TEANECK, USA & PARIS, FRANCE: Cognizant announced that it has acquired Equinox Consulting, a financial services consulting firm based in Paris, France. The terms of the transaction were not disclosed.
Equinox Consulting provides business consulting services across investment banking, asset management, retail banking, insurance, and specialized financial services. Founded in 2004, the company is known for its deep regulatory consulting expertise, spanning Basel III, Solvency II, EMIR/Dodd-Frank, FATCA and MiFID, in addition to strategy consulting, organization and operations management, change management, and HR consulting.
Under the terms of the agreement, about 160 consulting professionals will join Cognizant. The combination of Cognizant's global consulting and delivery capabilities and Equinox's consulting expertise will further enhance Cognizant's integrated global platform for financial services clients to "run better" by improving performance efficiencies as well as "run different" by building new business capabilities and driving innovation.