Cognizant is obtaining Magenic Systems, a privately-held customized software program advancement expert services firm targeted on Amazon World wide web Solutions (AWS), Microsoft Azure, VMware Tanzu, Dynatrace and Google Cloud System (GCP), among many others platforms. Money conditions of the offer were not disclosed.
This is M&A offer range 55 that ChannelE2E has covered so far in 2021.
Magenic’s places of experience span Agile application and cloud progress, DevOps, experience layout, and advisory solutions. Magenic has 475 workers in the U.S. throughout 7 places and far more than 350 workers in Manila, Philippines.
The Magenic workforce will tuck into the Cognizant Softvision small business — which has worldwide application progress capabilities. Cognizant acquires Softvision in 2018.
Cognizant Acquires Magenic: Executive Views
In a geared up statement about the Magenic acquisition, Cognizant’s Malcolm Frank, president of the electronic organization and technology team, mentioned:
“Magenic has exceptional software package progress and cloud modernization teams that will enhance our worldwide engineering expertise community and know-how. We carry on to make investments in digital engineering, a vital precedence as customers move from conventional application development to custom made software to present compelling consumer encounters and differentiated productiveness answers. We appear forward to welcoming Magenic’s industry experts to Cognizant.”
Added Greg Frankenfield, co-founder and CEO of Magenic:
“We have been resolving complicated business and technological troubles with agility and speed for over 25 decades, and Magenic right now carries on to produce extremely impressive program alternatives in the cloud. We search forward to signing up for Cognizant Softvision and connecting to Cognizant’s broader selection of digital know-how for the profit of our shoppers.”
Global IT Consulting Corporations: Technology Solutions Acquisitions
M&A action amid global IT consulting corporations, systems integrators and general public cloud MSPs carries on to accelerate. Lively purchasers involve Accenture, Atos, IBM, NTT Knowledge, and various non-public equity firms.
The M&A land grabs normally involve cloud, significant info analytics, cybersecurity, SaaS application and DevOps knowledge.