IT GIANT COGNIZANT TO TAKE OVER MAGENIC TECHNOLOGIES

Highlights

• According to the reports, the transaction is all set to close in the first quarter of 2021, though the financial details of this deal were not revealed

• This acquisition will help in expansion of Cognizant's software product engineering presence and will add 475 employees in the US across seven locations and over 350 employees in Manila, Philippines

Cognizant, one of the biggest IT serv....