Coforge Acquires Majority Stake in Cigniti Technologies
May 29, 2024
Coforge Ltd has signed definitive agreements to acquire a majority stake in Cigniti Technologies, a digital assurance and digital engineering services provider, and has launched an open offer to purchase an additional 26% stake. The acquisition is intended to expand Coforge’s digital assurance and engineering capabilities and deepen its presence across retail, hi‑tech/ISV and healthcare verticals — particularly across the US Southwest, Midwest and West.
- Buyers
- Coforge Ltd
- Targets
- Cigniti Technologies
- Sellers
- Promoters and select public shareholders of Cigniti Technologies
- Industry
- IT Services
- Location
- Telangana, India
- Transaction Type
- Buyout
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