COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION

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Cognizant Technology : Completes Acquisition of Devbridge, Expands Product Engineering Capabilities

12/09/2021 | 04:52pm EDT
Cognizant Completes Acquisition of Devbridge, Expands Product Engineering Capabilities

TEANECK, N.J., Dec. 9, 2021-Cognizant (Nasdaq: CTSH) has completed its acquisition of Devbridge, a privately-held software consultancy and product development company headquartered in Chicago.

Devbridge's cross-functional team of software product engineering professionals uses collaborative techniques and proprietary tools to deliver product design and development, service design, software engineering maturity, data strategy, and legacy modernization for their clients in financial services, healthcare, hospitality, logistics, and manufacturing.

The acquisition expands Cognizant's software product engineering capabilities and global delivery footprint by adding more than 600 engineers, designers and product managers in Lithuania, Poland, United States, United Kingdom, and Canada.

Learn more about Cognizant's acquisition of Devbridge here.

AcquisitionsPractice-Area > Cognizant Digital Business

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Cognizant Technology Solutions Corporation published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 21:51:20 UTC.


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Sales 2022 20 053 M - -
Net income 2022 2 365 M - -
Net cash 2022 2 665 M - -
P/E ratio 2022 16,1x
Yield 2022 1,46%
Capitalization 37 910 M 37 910 M -
EV / Sales 2022 1,76x
EV / Sales 2023 1,56x
Nbr of Employees 340 400
Free-Float 99,9%
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Brian J. Humphries Chief Executive Officer & Director
Jan Siegmund Chief Financial Officer
Michael Patsalos-Fox Chairman
Lawrence Wieser Chief Administrative Officer
Maureen A. Breakiron-Evans Independent Director
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