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Cognizant to acquire Magenic Technologies in third buyout this year The acquisition will expand Cognizant’s software product engineering footprintPremium 1 min read Upon completion of the acquisition, Magenic employees will become part of Cognizant Softvision, adding 475 employees in the US and more than 350 employees in Manila, Philippines The transaction is expected to close in the first quarter of 2021 and financial details were not disclosed Share Via Read Full Story Cognizant Technology Solutions Corp. on Tuesday said it has entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services company headquartered in Minneapolis, Minnesota. Upon completion of the acquisition, Magenic employees will become part of Cognizant Softvision, adding 475 employees in the US and more than 350 employees in Manila, Philippines. Cognizant acquired Texas-based Softvision in 2018.

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