Cognizant Softvision’s customer-centric approach to digital engineering leverages speed, scale and a digital DNA culture to deliver experience-based software products. "By joining forces with Cognizant, we can combine our unique engineering, design and digital product development approach with Cognizant's scale and digital expertise in areas like artificial intelligence, virtual reality, IoT, human science and others to provide even more innovative solutions and impactful experiences," said, Andres Angelani, Softvision's CEO. Last week, news agency Reuters had reported that Cognizant was in talks to buy private equity-owned Softvision for $550 million. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. An acquisition of Softvision would be the latest in a string of small acquisitions for Cognizant.
These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. This synergy, together with Cognizant's deep technology and industry expertise, will enable us to deliver custom cloud-based software and platforms better and faster, helping more clients transform their businesses to become digital leaders. The acquisition of Softvision would also expand Cognizant’s footprint in Romania, a country where Softvision has significant engineering operations. It was acquired by Cognizant in 2018.
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offerHelping organizations engage people and uncover insight from data to shape the products, services and experiences they offerHelping organizations engage people and uncover insight from data to shape the products, services and experiences they offerSoftvision is a leader in developing custom digital products using unique collaborative engineering methods. TEANECK, N.J., Oct. 4, 2018 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced it has entered into a definitive agreement to acquire Softvision, LLC, … Learn how Cognizant helps clients lead with digital at This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Cognizant, Softvision and Softvision’s private equity owner, Salt Lake City, Utah-based Tower Arch Capital, did not respond to requests for comment. TEANECK, N.J., Oct. 4, 2018 / PRNewswire / -- Cognizant (Nasdaq: CTSH) today announced it has entered into a definitive agreement to acquire Softvision, LLC, a privately-held digital engineering and consulting company focused on agile development of innovative software solutions and …
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offerReimagining your business models, products and customer experiences to drive new value.Reinventing and managing your most essential business processes with new ways of working.Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business. Cognizant, which has a market capitalization of $44.6 billion, said in early August that its digital business now accounts for 30 percent of its revenue.
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softvision cognizant acquisition