Business News
Home > Business News
Cognizant to acquire US-based software firm Magenic
TIWN
TIWN
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.
Add your Comment
Comments (0)
More Business News
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals