Ness Announces Divestment of Linium
Summary
TEANECK, N.J.--(BUSINESS WIRE)--Ness, a global provider of digital transformation solutions and portfolio company of The Rohatyn Group (TRG), announced today that it has signed an agreement to sell Linium, a ServiceNow platform focused services provider that operated as a business unit of Ness, to Cognizant. Cognizant is a leading global professional services company that transforms clients’ business, operating and technology models for the digital era. “Divestiture of the ServiceNow capability allows us to enhance our focus on and investment in building upon our competences in engineering digital products and platforms while continuing to increase our data and cloud expertise. Stone Key Partners LLC is acting as exclusive financial advisor to Ness on the transaction. Founded in 2002, The Rohatyn Group is an emerging markets focused asset management firm headquartered in New York, with a presence around the globe including Boston, Buenos Aires, Montevideo, Lima, São Paulo, San Jose, London, Mumbai, New Delhi, Singapore, Hanoi, Kuala Lumpur and Rotorua.