United States (US) based software services exporter Cognizant Technology Solutions (CTS) has acquired cloud-based computing firm KBACE Technologies.
This acquisition will help Cognizant to strength and expands its digital capabilities from its critical business applications to cloud-based IT infrastructures.
The terms and amount of the acquisition deal were not disclosed by the company.
This acquisition was part of Cognizant’s strategy to diversify businesses into newer geographies.
As part of the acquisition, KBACE Technologies’ 400 consultants and implementation experts will become part of Cognizant.
KBACE Technologies
It is based in New Hampshire and is a leading Oracle Cloud partner that specializes in cloud strategy, implementation and integration.
It enjoys a sizable customer base for its Oracle Cloud implementation services.
Current Affairs: 28th January, 2016 Current Affairs Round up December, 2015.
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