October 10th, 2018IT firm Cognizant Technology Solutions (CTS) has let go of about 200 senior employees at the director level and above along with a severance payout of three-four months this year.
This move has been stated as the company’s plan to align its talent pool to the newer digital requirements and lay off those who have not adjusted to the...
September 19th, 2018The multinational IT company Cognizant has announced the acquisition of Advanced Technology Group for an undisclosed amount. The basic idea behind this acquisition is to expand its consulting capabilities on the Salesforce platform.
The acquired company ATG was founded in 2000 and has delivery centres in Kansas, Missouri, Ohio and...
August 23rd, 2018The intelligence technology company Cognizant has successfully entered into an agreement to acquire a consulting firm called SaaSfocus that specializes in digital transformation, taking the fuller advantage of the Salesforce Platform.
The deal is expected to close in the fourth quarter of 2018, subject to certain closing conditions....
March 12th, 2018Elliott Management, the activist hedge fund credited in the change of Cognizant’s business model two years ago, recently bought a tiny stake in Wipro, the Information Technology Services Corporation. This investment further highlights the 34-billion hedge fund company’s interest in Indian IT companies as it presently owns two...
December 17th, 2016Nasdaq-listed IT major Cognizant has entered into an agreement to acquire Australia-based consulting, business transformation and service provider Adaptra, for an "undisclosed sum".
Sydney-headquartered Adaptra, established in 1998, works with five of the top 10 insurers in Australia and New Zealand. Adaptra specialises in consulting,...
July 28th, 2016Software services major Cognizant has acquired US-based Idea Couture for an undisclosed amount to boost its digital technologies offering.
Idea Couture, which specialises in designing and prototyping products, services and business models, will become part of Cognizant Digital Works, Cognizant said in a statement.
Terms of the deal...
