November 30, 2022
Clearsight Advises AustinCSI in its Acquisition by Cognizant
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its industry-leading Digital Transformation and Consulting practices. Clearsight served as financial advisor to AustinCSI, LLC (“AustinCSI” or the “Company”) in its acquisition by Cognizant (NASDAQ: CTSH).
AustinCSI is a premier digital transformation consultancy specializing in enterprise cloud and data analytics advisory services. Founded by Karen Moree and Rizwan Sheikh in 2007, Dallas-based AustinCSI advises Fortune 500 clients across a variety of industries, including financial services, retail, telecom, healthcare, and manufacturing. Read the full announcement from Cognizant here.
AustinCSI Co-founder and CEO Karen Moree commended the transaction, “AustinCSI is a unique consulting firm, and we carefully sought an advisor that could understand and clearly articulate our value. My partner, Rizwan, and I are very happy with Clearsight’s diligence and care throughout the process. We would absolutely recommend Clearsight to anyone looking to embark on a similar journey.”
Rizwan Sheikh, Co-founder of AustinCSI, added, “This is a tremendous milestone for AustinCSI and our people. The partnership with Cognizant will bring a great deal of differentiated opportunities to our associates and clients. Clearsight was a terrific partner and instrumental in helping us reach this milestone.”
Philo Tran, Managing Director and Head of Clearsight’s Digital Transformation practice, commented, “Karen, Rizwan, and the entire AustinCSI team have built an incredible business at the critical juncture of digital transformation and management consulting. This is a terrific outcome, and we are honored to have worked on this transaction.”
Clearsight Co-founder and Managing Director Gretchen Frary Seay noted, “We’ve known and admired the AustinCSI leadership team for years and provided advice as the company continued to grow and meet the needs of the dynamically changing market. We are thrilled for the AustinCSI and Cognizant teams as they begin this transformative relationship.”
The Clearsight deal team included Philo Tran, Gretchen Frary Seay, Nathan Birhanu, Thomas Foreman, and Ashton Mann.