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Cognizant To Acquire Digital Engineering And Consulting Firm Softvision | Business Standard News

by business-standard.com posted 11months ago 47 views
BS ReporterUS-based IT major Cognizant has entered into a definitive agreement to acquire Softvision, LLC, a privately-held digital engineering and consulting company focused on agile development of innovative software solutions and platforms for an undisclosed amount. The transaction is expected to close in the fourth quarter of 2018 subject to the satisfaction of the closing conditions, including regulatory review.In the end of September, Reuters has reported that the Teaneck-based company is looking at the Private Equity-backed Softvision for about $550 million to boost its digital business. Softvision is into developing custom digital products using unique collaborative engineering methods.

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