Accenture Federal Services to acquire Cognosante to boost federal digital transformation efforts
Accenture Federal Services, a wholly owned subsidiary of Accenture (NYSE: ACN), has announced its agreement to acquire Cognosante, a leading provider of digital transformation and cloud modernization solutions for various federal agencies. This acquisition is set to enhance Accenture’s capabilities in serving federal health, defense, intelligence, and civilian sectors.
Cognosante, founded in 2008 by Michele Kang, has established itself as a key player in the federal technology solutions sector, particularly noted for its work in healthcare programs that support veterans, active-duty military, and other federal beneficiaries. The company is renowned for its robust technology expertise, exceptional program management, and its efforts to make healthcare more accessible and equitable.
John Goodman, CEO of Accenture Federal Services, expressed enthusiasm about the acquisition: “We are continually innovating and investing to help federal agencies stay ahead of the ever-changing needs of their mission and customers. Accenture Federal Services is excited to welcome the Cognosante team. We are truly impressed with their people, capabilities, and impact. Together, we will deliver on the promise of technology for the nation’s priorities.”
The acquisition will see Cognosante’s team of over 1,500 specialists join forces with Accenture Federal Services’ workforce of more than 14,000. This merger aims to reimagine workflows, tackle critical challenges, and foster significant changes across federal operations.
Michele Kang, founder of Cognosante, shared her optimism about the integration into Accenture: “The Cognosante team is thrilled to embark on this next chapter of our remarkable journey. I am grateful for the extraordinary group of past and present employees and clients who made Cognosante what it is today. As we explored ways to continue to scale and grow, we could not have found a better home than Accenture Federal Services. The company shares our commitment to its clients and people and has industry-leading capabilities, talent, speed, and scale. We look forward to continuing to help our clients modernize, enable the future mission, and enhance the lives of millions of people.”
The completion of the acquisition is subject to regulatory review and other customary closing conditions. The financial terms of the transaction were not disclosed.
The acquisition of Cognosante by Accenture Federal Services is a strategic move that reflects the growing importance of digital transformation and cloud modernization within the federal sector. This merger is likely to create a formidable force in federal contracting, combining Cognosante’s specialized services with Accenture’s global resources and broad expertise. It promises to accelerate the delivery of innovative solutions to meet the evolving needs of federal agencies and enhance services for citizens.