Cognizant boosts global software dev capability with Magenic acquisition
Cognizant has bulked up its software development capacity and capability after striking a deal to acquire Magenic Technologies.
Cognizant has bulked up its software development capacity and capability after striking a deal to acquire Magenic Technologies.
IT services provider Cognizant is expecting to lose between US$50 to US$70 million in the aftermath of a recent ransomware attack.
Cognizant has fallen victim to a ransomware attack which has caused customer service disruptions, with experts warning of a “full-blown data breach”.
Cognizant will lay off as many as 7000 workers and re-skill up to 5000 as part of widespread cost-cutting plans at the system integrator.
Accenture, TCS, and Cognizant remain atop an IT service provider market marked by a return to growth, according to Everest Group’s fourth annual rankings.
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