Silicon Republic June 10, 2024
CEO Ravi Kumar S said acquiring Belcan will strengthen Cognizant’s position in the fast-growing engineering research and development services market.
Global IT giant Cognizant Technologies plans to acquire digital engineering firm Belcan for $1.3bn in a cash and stock deal.
In an announcement today (10 June), the New Jersey-headquartered company said the Belcan acquisition will significantly expand its engineering research and development (ER&D) capabilities, particularly in the areas of internet of things (IoT) and digital engineering.
Cognizant, which was founded in India more than 30 years ago, is a multinational IT services and consulting company listed on the Nasdaq. It posted a revenue of nearly $20bn last year and employs nearly 350,000 people around the world.
Now, it hopes that...
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