citybizlist : New York : Cognizant to Acquire Magenic Technologies citybizlist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citybizlist.com Daily Mail and Mail on Sunday newspapers.
Cognizant to Acquire Magenic Technologies, Strengthening Digital Engineering Capabilities
Acquisition will broaden Cognizant s global software product engineering network, adding hundreds of engineers in the U.S. and Philippines
News provided by
Share this article
Share this article
TEANECK, N.J., Jan. 19, 2021 /PRNewswire/ Cognizant (Nasdaq: CTSH) has entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services company headquartered in Minneapolis, Minnesota. The acquisition will expand Cognizant s software product engineering footprint, adding 475 employees in the U.S. 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.