Mergers & AcquisitionsBy The Online Investor Staff, updated Fri., Sep. 18, 9:49 AM
|This Slide: #69 of 100|
Slide #69. Cognizant — 10th Magnitude
Cognizant (Nasdaq: CTSH) today announced it has entered into an agreement to acquire Chicago-based 10th Magnitude, a leading cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. The acquisition will expand the Microsoft Azure expertise within Cognizant's new Microsoft Business Group, adding development and managed services hubs in major cities throughout the U.S. 10th Magnitude will be Cognizant's sixth cloud-related acquisition in 2020, highlighting Cognizant's continued acceleration and execution of its cloud strategy.
Cognizant Technology Solutions is a services company, transforming customers' business, operating and technology models for the digital era. Co.'s services include digital services and solutions, consulting, application development, systems integration, application testing, application maintenance, infrastructure services and business process services. Additionally, Co. develops, licenses, implements and supports proprietary and third-party software products and platforms. Co. has organized its services and solutions into four practice areas: Digital Business, Digital Operations, Digital Systems and Technology and Consulting.
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Buy (2.58 out of 4)
(ranked lower than approx. 82% of all stocks covered)
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