Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) signed an agreement to acquire Linium LLC from Ness Technologies Inc. on January 11, 2021. Upon the close of the acquisition, Linium's approximately 150 professionals will join Cognizant's global ServiceNow practice. Headquartered in Albany, New York, Linium also has operations in Canada, India, and the UK. The transaction is expected to close in the first quarter of 2021. Stone Key Partners LLC acted as financial advisor to Ness. Rory O Halloran of Shearman & Sterling LLP acted as legal advisor to Ness.

Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) completed the acquisition of Linium LLC from Ness Technologies Inc. for $85 million on January 31, 2021. Under the terms of agreement, consideration paid is inclusive of contingent consideration. Eric Levine and Nicholas O'Keefe of Arnold & Porter Kaye Scholer LLP acted as legal advisor to Cognizant Technology Solutions Corporation.