Cognizant buys Devbridge to add software product engineering capabilities

Cognizant announced the acquisition of Devbridge, a software consultancy and product development company headquartered in Chicago.
Cognizant Hungary
The acquisition expands Cognizant’s software product engineering capabilities and delivery footprint by adding more than 600 engineers, designers and product managers in Lithuania, Poland, United States, United Kingdom, and Canada.

Devbridge employees will become part of Cognizant Softvision, which develops custom digital products and has a global footprint with studios in the United States, Romania, India, Philippines, Argentina, Ukraine, Canada and Mexico.

The transaction is expected to close before the end of 2021. Financial details were not disclosed. Since 2019, Cognizant has invested more than $2.5 billion in acquisitions that expand its offerings in digital engineering, data and artificial intelligence, cloud, and the Internet of Things, to provide clients with the capabilities to compete as modern digital businesses.

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