Liberty Corporate Finance is pleased to announce the completion of the sale of PIPC Global Holding Company Limited to Cognizant Technology Solutions Inc.

Formed in 1992, PIPC is a global program management consulting firm. With expertise spanning several industries including financial services, retail, oil and gas, utilities, government and public sector, the company serves clients worldwide from delivery locations in the UK, Australia, New Zealand, and the U.S. Its services range from managing post-M&A integration through strategic software implementations, with a broad range of delivery capabilities.

Liberty Corporate Finance led the sale process on behalf of the shareholders of PIPC.


Simon Hill from Liberty commented: “PIPC is a high growth, niche Global business with operations across a number of continents and business streams making it attractive to a number of strategic buyers; the business will be an excellent fit with Cognizant. Dr Simon Rawling, Group Managing Director at PIPC commented: “With 85,500 associates worldwide, Cognizant will provide the global delivery capability, experience and scale to enable PIPC to accelerate its growth ambitions. Our organizations have the right cultural fit, and together we can drive business transformation initiatives that combine high-quality consulting, IT, and business process outsourcing services with our advanced project management offerings.”

PREVIOUS DEAL ANNOUNCEMENTS

LGC

1 May 2010