Cognizant is obtaining Magenic Systems, a privately-held personalized computer software advancement providers organization targeted on Amazon World wide web Services (AWS), Microsoft Azure, VMware Tanzu, Dynatrace and Google Cloud System (GCP), between other folks platforms. Economic phrases of the deal were being not disclosed.
This is M&A offer variety 55 that ChannelE2E has coated so significantly in 2021.
Magenic’s spots of expertise span Agile software program and cloud growth, DevOps, encounter design and style, and advisory services. Magenic has 475 personnel in the U.S. across seven destinations and more than 350 workers in Manila, Philippines.
The Magenic group will tuck into the Cognizant Softvision business — which has world-wide computer software progress abilities. Cognizant acquires Softvision in 2018.
Cognizant Acquires Magenic: Government Views
In a ready assertion about the Magenic acquisition, Cognizant’s Malcolm Frank, president of the electronic organization and know-how group, explained:
“Magenic has excellent software program advancement and cloud modernization groups that will boost our global engineering expertise network and skills. We carry on to spend in digital engineering, a critical priority as customers transfer from common application improvement to customized application to present persuasive client ordeals and differentiated efficiency solutions. We glance ahead to welcoming Magenic’s professionals to Cognizant.”
Added Greg Frankenfield, co-founder and CEO of Magenic:
“We have been solving intricate small business and technological issues with agility and pace for about 25 many years, and Magenic nowadays continues to produce very modern application answers in the cloud. We look ahead to becoming a member of Cognizant Softvision and connecting to Cognizant’s broader assortment of electronic skills for the advantage of our purchasers.”
World-wide IT Consulting Firms: Technologies Companies Acquisitions
M&A activity among the world wide IT consulting firms, devices integrators and community cloud MSPs carries on to speed up. Active prospective buyers incorporate Accenture, Atos, IBM, NTT Data, and various non-public fairness firms.
The M&A land grabs normally entail cloud, significant data analytics, cybersecurity, SaaS software and DevOps know-how.