Cognizant Acquires Custom Program Developer Magenic Technologies

Cognizant is attaining Magenic Systems, a privately-held personalized software program enhancement companies organization targeted on Amazon World wide web Companies (AWS), Microsoft Azure, VMware Tanzu, Dynatrace and Google Cloud Platform (GCP), between other people platforms. Financial conditions of the deal were being not disclosed.

This is M&A offer number 55 that ChannelE2E has covered so considerably in 2021.

Magenic’s regions of skills span Agile program and cloud progress, DevOps, encounter design and style, and advisory solutions. Magenic has 475 staff members in the U.S. across 7 places and far more than 350 workers in Manila, Philippines.

The Magenic group will tuck into the Cognizant Softvision small business — which  has global application advancement capabilities. Cognizant acquires Softvision in 2018.

Cognizant Acquires Magenic: Government Views

In a prepared statement about the Magenic acquisition, Cognizant’s Malcolm Frank, president of the digital small business and technological innovation team, reported:

“Magenic has extraordinary software package progress and cloud modernization groups that will increase our international engineering expertise community and skills. We continue to make investments in electronic engineering, a essential priority as customers go from common application growth to personalized software package to give powerful customer ordeals and differentiated productivity options. We search ahead to welcoming Magenic’s professionals to Cognizant.”

Extra Greg Frankenfield, co-founder and CEO of Magenic:

“We have been resolving complex organization and technological problems with agility and pace for above 25 decades, and Magenic currently carries on to build highly progressive software methods in the cloud. We look forward to joining Cognizant Softvision and connecting to Cognizant’s broader vary of digital experience for the profit of our clients.”

World IT Consulting Corporations: Technological know-how Products and services Acquisitions

M&A exercise between world IT consulting companies, systems integrators and general public cloud MSPs carries on to speed up. Lively purchasers include Accenture, Atos, IBM, NTT Knowledge, and many private equity companies.

The M&A land grabs usually involve cloud, significant details analytics, cybersecurity, SaaS application and DevOps expertise.