Cognizant is obtaining Magenic Technologies, a privately-held tailor made software program development solutions corporation concentrated on Amazon World wide web Expert services (AWS), Microsoft Azure, VMware Tanzu, Dynatrace and Google Cloud Platform (GCP), amid other individuals platforms. Fiscal terms of the offer were being not disclosed.
This is M&A offer quantity 55 that ChannelE2E has coated so significantly in 2021.
Magenic’s regions of skills span Agile computer software and cloud advancement, DevOps, working experience layout, and advisory providers. Magenic has 475 personnel in the U.S. throughout 7 spots and much more than 350 staff members in Manila, Philippines.
The Magenic crew will tuck into the Cognizant Softvision business enterprise — which has international software program progress capabilities. Cognizant acquires Softvision in 2018.
Cognizant Acquires Magenic: Executive Perspectives
In a prepared statement about the Magenic acquisition, Cognizant’s Malcolm Frank, president of the electronic small business and technologies team, said:
“Magenic has extraordinary computer software development and cloud modernization teams that will enrich our world-wide engineering talent community and expertise. We proceed to commit in digital engineering, a essential priority as consumers shift from classic software enhancement to personalized computer software to give powerful shopper ordeals and differentiated productiveness alternatives. We glimpse forward to welcoming Magenic’s professionals to Cognizant.”
Added Greg Frankenfield, co-founder and CEO of Magenic:
“We have been resolving complicated business enterprise and technological troubles with agility and pace for about 25 years, and Magenic right now continues to produce extremely progressive computer software methods in the cloud. We appear ahead to joining Cognizant Softvision and connecting to Cognizant’s broader array of electronic know-how for the profit of our purchasers.”
International IT Consulting Companies: Know-how Services Acquisitions
M&A action amongst worldwide IT consulting corporations, units integrators and general public cloud MSPs continues to speed up. Lively purchasers incorporate Accenture, Atos, IBM, NTT Info, and many private equity firms.
The M&A land grabs normally contain cloud, large details analytics, cybersecurity, SaaS software and DevOps expertise.