September 28, 2022


Latest technological developments

Cognizant Acquires Magenic For Bolstering Application Growth Service

International IT guide Cognizant has acquired Magenic Technologies in an obvious bid to bolster its agile computer software progress company.

Minneapolis, Minnesota-based mostly organization will occur into Cognizant’s fold with 475 software engineers in the US and much more than 350 in the Philippines.

Upon completion of the offer, Cognizant will fold Magenic into its application unit known as Softvision, which operates offices in a number of countries which include Argentina and Mexico.

In addition to computer software enhancement, Magenic presents cloud improvement, DevOps, experience style and design, and advisory expert services.

Magenic could provide as a different significant resource for Cognizant to broaden functions in creating nations around the world, for the reason that the US firm’s abilities involves migrating merchandise to the cloud, setting up customer-facing world-wide-web apps, and coming up with secure payment processing techniques.

“Magenic has exceptional software program improvement and cloud modernization teams that will enhance our world engineering talent network and knowledge,” stated Malcolm Frank, President, Electronic Enterprise and Technological innovation, Cognizant.

“We continue to spend in electronic engineering, a vital priority as shoppers transfer from traditional software progress to personalized software to present powerful buyer experiences and differentiated efficiency answers.”

This is Cognizant’s 3rd acquisition this calendar year on your own and the 12th declared given that January 2020.

Magenic is the 2nd electronic engineering company that Cognizant acquired in current months. In September 2020, Cognizant acquired Tin Roof, a custom made software package and electronic merchandise advancement solutions company.