Tag Archives: Be aware

Software company Magenic is Cognizant’s third acquisition in January this year | Instant News


San Francisco, Information technology company Be aware on Tuesday announced it to acquire Magenic Technologies, a specialized software development services company, for an undisclosed amount.

This is Cognizant’s third acquisition in January this year, as the company continues to expand in key strategic focus areas.

The new acquisition will expand Cognizant’s software product engineering footprint, adding 475 employees in the US. at seven locations and more than 350 employees in Manila, Philippines.

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Upon completion of the acquisition, Magenic associates will become part of Cognizant Softvision, linking Magenic expertise with Cognizant’s global software development capabilities.

“We continue to invest in digital engineering, a top priority as clients move from traditional application development to specialized software to provide engaging customer experiences and differentiated productivity solutions. We look forward to welcoming Magenic experts to Cognizant,” said Malcolm Frank, President, Digital Business and Technology, Cognizant.

Magenic provides agile software and cloud development, DevOps, experience design, and consulting services.

“We have been solving complex business and technology challenges with agility and speed for more than 25 years, and Magenic today continues to create highly innovative software solutions in the cloud,” said Greg Frankenfield, Co-Founders and Chief Executive Officer, Magenic.

The transaction is expected to be completed in the first quarter of 2021. Magenic is Cognizant’s 12th acquisition since January 2020.

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Cognizant to Acquire Servian, Australia’s Leading Data and Analytics Consulting Company | Instant News


SYDNEY, 11 January 2021 / PRNewswire / – Be aware (Nasdaq: CTSH) announced today that it has signed an agreement to acquire Servian, A Sydney, AustraliaPrivate-based transformation consulting firm specializing in data analytics, artificial intelligence, digital services, experience design and the cloud.

Servian is Cognizant’s 10th digital-focused acquisition announced since then January 2020, highlighting Cognizant’s strategy to accelerate capabilities and growth in priority areas of data and artificial intelligence, digital engineering, the cloud, and the Internet of Things around the world.

The acquisition of Servian significantly extends Cognizant’s integrated, end-to-end digital transformation capabilities Australia and New Zealand (ANZ) to help clients move to the cloud, build digital products and services, unlock value from data, modernize enterprise applications, and achieve operational excellence.

“Company on Australia and New Zealand are at a turning point in their digital adoption, “said Jane Livesey, CEO, Cognizant Australia and New Zealand. “Cognizant’s extensive digital expertise combined with Servian’s strength as a key technology partner in the region will unlock the full power of digital transformation for our Australian clients. We look forward to welcoming Servian’s talented digital-native professionals to Cognizant.”

“Enabling clients to leverage their data assets to accelerate business transformation and drive competitive advantage is at the core of our success,” said Tony Nicol, Founder and CEO, Servian. “We share Cognizant’s passion for innovation powered by digital technology. With Cognizant’s deep industry expertise and global scale, we will be able to apply our strengths in strategic consulting, engineering delivery, and managed services across the broader spectrum of challenges and opportunities presented by digital economy. “

Cognizant has more than 1,200 professionals at Australia serving more than 110 clients, including Australia’s top banks, insurers, retailers and communications companies. In recent years, the company has consistently strengthened its domestic cloud, product engineering, platform, Salesforce, and Workday capabilities to grow its digital business in Australia.

Founded in 2008, Servian has worked with more than 190 major companies at ANZ in the banking, telecommunications, insurance, retail and government sectors, including eight of ANZ’s 15 largest companies. After the closure of the acquisition, more than 500 Servian technology and consulting professionals, mainly based in Australia and New Zealand, will join Cognizant, doubling the size of Cognizant’s cloud and data team at ANZ.

Servian brings expertise in all major digital technologies and has partnerships with the biggest names in the industry, including Google, Microsoft, Amazon Web Services, Salesforce, Snowflake, Oracle, HashiCorp, Talend, Informatica, and Red Hat. The company was named Google Service Partners of the Year in 2019, Snowflake’s Let It Snow and Snow Mate Australia in 2019, HashiCorp’s APJ Service Partner of the Year in 2020, and Talend Partners of Value Added Retailer of the Year at APAC in 2020.

The transaction is expected to close in the first quarter of 2021, subject to regulatory clearance and other closure conditions. Financial details were not disclosed.

About Servian
Servian is the leading data consultant in the Australasia region, whose mission is to enable customers to use their data to build a competitive advantage. Servian provides services across data and analytics, cloud infrastructure, DevOps, UI / UX, customer engagement, cybersecurity, artificial intelligence and IoT. Servian also provides consulting services to help organizations define and implement their IT strategy, as well as managed services to manage and run the platform on behalf of its customers. Servian is a technology agnostic, consultant-led organization with a strong culture of continuous learning. To learn more about Servian, visit https://www.servian.com.

About Cognizant
Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business models, operations and technology for the digital age. Our unique, industry-based consultative approach helps clients imagine, build and run more innovative and efficient businesses. Headquartered in the US, Cognizant ranks 194 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead digitally on www.cognizant.com or follow us @Cognizant.

Forward-looking Statements
This press release includes what may be forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is subject to risks, uncertainties and assumptions about future events that may not occur. proved accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to expectations regarding the anticipated closure of the Servian acquisition and the impact of the Servian acquisition on Cognizant’s business and prospects. This statement is not a promise or guarantee, but is subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those referred to in these forward-looking statements. Current and potential investors are warned not to rely too much on these forward-looking statements, which only take effect on the date of this agreement. Factors that could cause actual results to differ materially from expressed or implied include general economic conditions, changes in the regulatory environment, including those related to immigration and taxes, and other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant is under no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

For further information, please contact:

SOURCE Cognizant

related links

http://www.cognizant.com

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Geneva, Switzerland will have the Highest Minimum Wage in the World | Instant News


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Residents of the canton of Geneva (Switzerland) voted in a referendum on September 27, to pronounce in favor of a minimum wage of 23 Swiss francs per hour (25 dollars), the equivalent of about 4,450 dollars per month, thus reaching highest monthly salary in the world .

About 58% of voters support the new measure, which will take effect in mid-October and will benefit 30,000 employees in the region. Michel Charrat, president of Groupement Transfrontalier Européen , an independent organization supporting workers on the Franco-Swiss border, called the vote a “ sign of solidarity ” with the urban poor, who are considered one of the best places in the world to live.

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Pandemic as an eye opener

“ COVID-19 has shown that certain sectors of the Swiss population cannot live in Geneva, ” Charrat said explaining that it is more than 4,000 Swiss francs is the ” minimum to avoid falling below the poverty line ”.

According to Swiss media, the Coronavirus Pandemic provided a decisive impetus for this initiative, which Genevans had rejected in two previous consultations, in 2011 and 2014.

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