Cognizant completed the acquisition of Magenic Technologies.

Cognizant, an American multinational technology company, completed the acquisition of Magenic Technologies, a privately-held custom software development services company headquartered in Minneapolis. Financial terms were not disclosed. "We have been solving complex business and technological challenges with agility and speed for over 25 years, and Magenic today continues to create highly innovative software solutions in the cloud. We look forward to joining Cognizant Softvision and connecting to Cognizant's broader range of digital expertise for the benefit of our clients," Greg Frankenfield, Magenic CEO.