Cognizant acquires Canada based Active Intelligence

In a bid to enhance its consulting expertise, software services firm Cognizant has acquired Canada-based consulting firm Active Intelligence (AI) for an undisclosed amount.

A Cognizant spokesperson confirmed the development to The Economic Times. "AI specializes in providing consulting, implementation and support services around the Oracle Retail Merchandising, Planning and Optimization suite, a growth area for Cognizant's retail practice. We plan to combine AI's consulting capabilities and Cognizant's delivery capabilities in this area," he said.

Though the exact figure of the deal is not available, Industry sources said the size of the deal is quite small. Cognizant has already worked with AI on a number of engagements as independent parties. The acquisition, which was made last week, will be formally announced during Cognizant's annual results announcement on Friday.