- See all technology M&A deals for 2021 and 2020 listed here.
- This is Cognizant's third acquisition in 2021. The other two deals involved buying data analytics consulting firm Servian and ServiceNow partner Linium.
- See a list of all Cognizant acquisitions here.
Cognizant Acquires Magenic: Executive Perspectives
In a prepared statement about the Magenic acquisition, Cognizant's Malcolm Frank, president of the digital business and technology group, said:"Magenic has exceptional software development and cloud modernization teams that will enhance our global engineering talent network and expertise. We continue to invest in digital engineering, a key priority as clients move from traditional application development to custom software to provide compelling customer experiences and differentiated productivity solutions. We look forward to welcoming Magenic's experts to Cognizant."
"We have been solving complex business and technological challenges with agility and speed for over 25 years, and Magenic today continues to create highly innovative software solutions in the cloud. We look forward to joining Cognizant Softvision and connecting to Cognizant's broader range of digital expertise for the benefit of our clients."
