Houlihan Lokey Advises Tin Roof Software (2)

Houlihan Lokey is pleased to announce that Tin Roof Software, a custom software and digital product development services company, has been acquired by Cognizant (NASDAQ:CTSH). The transaction closed on September 16, 2020.

Headquartered in Atlanta, Tin Roof Software, a portfolio company of ASH Ventures, specializes in innovative digital products that allow companies to improve customer experiences and increase revenue. It is one of the fastest growing software product engineering and consulting firms in the United States. Tin Roof Software offers software design, development, DevOps, and delivery services for clients that are increasingly dependent on software for a competitive edge. Custom solutions for Fortune 500 clients and others include re-architecting and migrating products to the cloud, building customer-facing web and mobile apps, creating APIs and data pipelines for transaction processing, and designing secure payment processing systems. The company works across a range of industries, including telecom, media, and entertainment; financial services; retail; hospitality; consumer products; and travel, logistics, and transportation.

Cognizant is one of the world’s leading professional services companies, transforming clients’ business, operating, and technology models for the digital era. The company’s unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the United States, Cognizant is ranked No. 194 on the Fortune 500 and is consistently listed among the most admired companies in the world.

Tin Roof Software has operations in Atlanta and Dallas–Fort Worth and is a portfolio company of ASH Ventures, a strategic investment firm focused on the digital enablement space. ASH Ventures partnered with the Tin Roof Software team in October 2018, and since then, more than doubled the size of the business. Upon completion of the transaction, Tin Roof Software will join Cognizant Softvision. The acquisition will expand Cognizant’s software product engineering footprint in the United States and connect Tin Roof Software’s team of experts with Cognizant's broader global software development capabilities.

Houlihan Lokey served as the financial advisor to Tin Roof Software.