Info-tech

Cognizant buys US-based digital firm Softvision

Our Bureau Chennai | Updated on October 04, 2018 Published on October 04, 2018

Cognizant Technology Solutions will acquire Softvision, LLC, a US-based digital engineering and consulting company focussed on agile development of innovative software solutions and platforms.

The transaction is expected to close in the fourth quarter of 2018. Deal size was not disclosed. However, a recent Reuters report said the deal could be worth $550 million. The Texas-based Softvision works with Fortune 500 clients in financial services, retail, consumer products, healthcare and other industries.

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Published on October 04, 2018
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