The company terms FY 16 as a very significant year as it strengthened its position as the leading transformation partner for its clients. Cognizant had a total year-end head count of 2,21,700 employees globally. Cognizant's strong emphasis on reinvesting its profits continues. The company is known for its niche and selective inorganic initiatives aimed at acquiring competencies rather than only for scale. The thought clearly over the year revolved around taking on to the emerging tech opportunities and align its skills and be relevant to the market demands. The company acquired the privately held KBACE Technologies, Inc., a global consulting and technology services company specializing in cloud strategy, implementation and integration. The Nashua, New Hampshire-based firm has one of the largest reference bases of Oracle Cloud Applications customers in the world and is a leading Oracle Cloud partner. The acquisition strengthens and expands Cognizant's digital capabilities as more clients move critical business applications to a cloud-based IT infrastructure to reduce costs and complexity and improve business agility.
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