Teaneck-based Cognizant announced Tuesday it has agreed to acquire Devbridge, a privately held software consultancy and product development company headquartered in Chicago. Financial details were not disclosed.
The acquisition expands Cognizant’s software product engineering capabilities and global delivery footprint by adding more than 600 engineers, designers and product managers in Lithuania, Poland, the U.S., U.K. and Canada.
Traditional application development is being replaced with agile and DevOps methodologies that enable a more product-centric and business-outcome oriented approach to software engineering. Devbridge’s crossfunctional team of software product engineering professionals uses collaborative techniques and proprietary tools to deliver product design and development, service design, software engineering maturity, data strategy and legacy modernization for their clients in financial services, health care, hospitality, logistics and manufacturing.
“Our clients need agile and transformative partners that are capable of designing and building new software products that directly engage with consumers and employees on their terms,” said Andres Angelani, senior vice president, chief product engineering officer, Cognizant. “Devbridge’s talented team of product and engineering professionals deliver premium digital products, and we’re confident their expertise and experience will help our clients grow their business and their brand.”
Upon completion of the acquisition, Devbridge employees will become part of Cognizant Softvision, which develops custom digital products and has a global footprint with studios in the U.S., Romania, India, Philippines, Argentina, Ukraine, Canada and Mexico.
The transaction is expected to close before the end of 2021, subject to satisfaction of closing conditions. 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.
