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Cognizant to acquire US-based software firm Magenic
TIWN
Cognizant to acquire US-based software firm Magenic
PHOTO : TIWN

San Francisco, Jan 19 (TIWN) Information technology company Cognizant on Tuesday announced to acquire Magenic Technologies, a custom software development services company, for an undisclosed sum.

This is Cognizant's third acquisition in January this year, as the company continues to expand in key strategic focus areas.   The new acquisition will expand Cognizant's software product engineering footprint, adding 475 employees in the US. across seven locations and more than 350 employees in Manila, Philippines.  Upon completion of the acquisition, Magenic associates will become part of Cognizant Softvision, connecting Magenic's expertise with Cognizant's global software development capabilities.

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