Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) entered into an agreement to acquire Servian Pty Ltd. from Adamantem Capital and others for preliminary price $240 million on January 10, 2021. Upon the close of the acquisition, Servian's more than 500 technology and consulting professionals, based primarily in Australia and New Zealand, will join Cognizant, doubling the size of Cognizant's cloud and data team in ANZ. The transaction is subject to regulatory clearance and other closing conditions and is expected to close in the first quarter of 2021.

Credit Suisse (Australia) Limited acted as financial advisor to Servian Pty Ltd. and Adamantem Capital. KPMG Law acted as legal advisor to Adamantem Capital. MinterEllison acted as legal advisor to Servian Pty Ltd. Servian Pty Ltd. Andrew Rich, Katerina Jovanovska, Mark Khouri and Kwok Tang of Herbert Smith Freehills acted as legal advisor to Cognizant Technology Solutions.