Utegration develops and streamlines new technology for regulatory, finance, customer management, and asset operations to maximise customers' return on investment along with reducing their risk and complexity


Utegration to be acquired by Cognizant. (Credit: Cognizant Technology Solution/Wikipedia.org)

Cognizant has agreed to acquire Texas-based Utegration, which serves the energy and utilities sectors with its expertise in SAP technology and SAP-certified products.

The financial terms of the deal were not disclosed.

Utegration is engaged in developing and streamlining new technology for regulatory, finance, asset operations, and customer management to maximise customers’ return on investment along with reducing their risk and complexity.

The acquisition of the specialty consultancy is expected to expand Cognizant’s intellectual property portfolio and help it provide full-suite SAP expertise.

Cognizant enterprise platform services executive vice president Rob Vatter said: “We believe Utegration’s rich industry expertise and differentiated portfolio of energy and utilities-focused products and accelerators is a perfect complement to our SAP practice.

“In bringing together Utegration’s experienced, specialist team with our global scale in SAP and digital transformation, we have a strong new set of capabilities designed to address the market’s critical transformation needs.”

Following the closing of the deal, Cognizant will add about 350 employees of Utegration across North America and India.

Utegration is said to serve more than 50 North America-based clients in the energy and utilities sector with solutions in four domains in line with key market requirements.

The domains served by the specialty consultancy are customer experience, billing and advanced metering infrastructure, data science and analytics, managed services, and finance and asset performance management.

The company offers industry-specific custom solutions namely Finance4U, Utility4U, MeterData4U, and LoadPlanning4U.

Utegration president and CEO Bart Thielbar said: “Combining our strengths with Cognizant is a win for our clients and our colleagues.

“Utegration has grown with a singular focus on the needs of energy and utilities businesses, and becoming part of Cognizant expands the scope and scale we have to deliver for clients, including beyond the energy sector.”

The transaction, which is subject to the meeting of closing conditions, is anticipated to complete by the year end.