Acquisition Will Boost Software and Digital Product Development Expertise in the U.S.
Bengaluru, NFAPost: Cognizant has entered into an agreement to acquire Tin Roof Software, a privately-held custom software and digital product development services company headquartered in Atlanta, Georgia.
Tin Roof specializes in innovative digital products that allow companies to improve customer experiences and increase revenue. The acquisition will expand Cognizant’s software product engineering footprint in the U.S. and connect Tin Roof’s experts with Cognizant’s broader global software development capabilities.
Tin Roof offers software design, development, DevOps, and delivery services for clients increasingly dependent on software for a competitive edge.
Custom solutions for Fortune 500 clients and others include re-architecting and migrating products to the cloud, building customer-facing web and mobile apps, creating APIs and data pipelines for transaction processing, and designing secure payment processing systems.
Tin Roof works across a range of industries, including telecom, media and entertainment, financial services, retail, hospitality, consumer products, travel, logistics, and transportation.
Cognizant Digital Business President Malcolm Frank said to compete effectively, clients are replacing traditional application development with digital engineering to build leading-edge, consumer-grade experiences and infuse software into their products, services, and customer experiences.
“Cognizant is investing to compete and win in digital engineering, one of our strategic priorities. Tin Roof’s exceptional software product development and agile teams share our philosophy of customer-centricity and will strengthen our network of engineering talent in the U.S. We look forward to welcoming Tin Roof’s software product engineering experts to Cognizant,” said Cognizant Digital Business President Malcolm Frank.
Tin Roof Software President and Chief Executive Officer Daniel Gore said delivering strategic, innovative solutions that drive tangible business outcomes is at the heart of the company’s success.
“We look forward to our software product engineering experts joining Cognizant Softvision and connecting to Cognizant’s global delivery model, complementing Cognizant’s deep expertise in artificial intelligence, data, Internet of Things, cloud, and interactive experience,” said Tin Roof Software President and Chief Executive Officer Daniel Gore.
Tin Roof has operations in Atlanta and Dallas-Fort Worth. Upon completion of the transaction, Tin Roof’s experts will join Cognizant Softvision. In 2018, Cognizant acquired Austin, Texas-based Softvision, a leader in developing custom digital products using unique collaborative engineering methods. Cognizant Softvision has significant global presence, with studios in Argentina, Australia, Canada, India, Mexico, Romania, and the US.
In 2019, Tin Roof was named to Inc. Magazine’s Inc. 5000, an annual list of the fastest-growing companies in the U.S. Over the past four years, Tin Roof has also won the Atlanta Business ChroniclePacesetter Award as one of the Top 100 fastest-growing private companies in Georgia. In addition, Tin Roof has been recognized by the Atlanta Journal-Constitution as one of Atlanta’s Top 150 Workplaces.
The transaction is expected to close in the second half of 2020, subject to satisfaction of closing conditions, including regulatory review. Financial details were not disclosed.
Tin Roof Software is one of the fastest-growing software product engineering and consulting firms in the U.S. Founded in 2014, our client base entrusts Tin Roof to build some of the most important consumer-facing and enterprise solutions for their businesses.
Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era.
The company’s unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 194 on the Fortune 500 and is consistently listed among the most admired companies in the world.