NasdaqGS:CTSHIT
Cognizant’s US$1.3b Belcan Deal Tests AI Growth And Integration Risk
Cognizant Technology Solutions (NasdaqGS:CTSH) has agreed to acquire engineering and technical services firm Belcan in a cash and stock deal valued at about $1.3b.
The transaction is aimed at expanding Cognizant's presence in AI enabled and cloud managed services across highly regulated sectors.
The move comes as clients reassess IT outsourcing and supplier concentration in light of geopolitical risk and supply chain resilience.
Cognizant Technology Solutions, trading at $84.18, is using...