Coforge to acquire a 54% stake in Cigniti Technologies for $256m.

Coforge, a global enterprise information technology solutions and services company, agreed to acquire a 54% stake in Cigniti Technologies, a provider of digital assurance and digital engineering services, for $256m. Coforge believes that the acquisition of Cigniti will not only help it grow into a $2bn firm by FY’27 but equally importantly the ensuing synergies will ensure that the Coforge operating margins shall improve by 150 – 250 bps in that timeframe too.