September 30, 2022


Technology Forever

Cognizant Acquires Magenic For Bolstering Software program Advancement Provider

World IT marketing consultant Cognizant has obtained Magenic Technologies in an clear bid to bolster its agile application enhancement enterprise.

Minneapolis, Minnesota-primarily based agency will appear into Cognizant’s fold with 475 application engineers in the US and a lot more than 350 in the Philippines.

Upon completion of the offer, Cognizant will fold Magenic into its software package device called Softvision, which operates offices in numerous nations like Argentina and Mexico.

In addition to software package growth, Magenic gives cloud development, DevOps, knowledge style, and advisory solutions.

Magenic could provide as one more significant resource for Cognizant to develop functions in building nations, due to the fact the US firm’s know-how features migrating products to the cloud, building buyer-struggling with world-wide-web applications, and developing secure payment processing techniques.

“Magenic has exceptional application enhancement and cloud modernization teams that will improve our worldwide engineering talent network and skills,” claimed Malcolm Frank, President, Digital Enterprise and Technology, Cognizant.

“We continue on to invest in digital engineering, a critical precedence as consumers transfer from common software development to custom computer software to present persuasive client experiences and differentiated productiveness solutions.”

This is Cognizant’s 3rd acquisition this 12 months by yourself and the 12th introduced considering that January 2020.

Magenic is the 2nd digital engineering firm that Cognizant acquired in modern months. In September 2020, Cognizant acquired Tin Roof, a personalized software program and electronic item enhancement companies business.