Announced
Synopsis
Coforge, a global enterprise information technology solutions and services company, agreed to acquire a majority 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.
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