In the M&A space, Cognizant has acquired Ireland-based Zenith Technologies while Tech Mahindra said it will acquire Canada-based Objectwise Consulting. In another deal, RateGain announced that it has acquired US-based BCV.
Cognizant acquires Zenith Tech
Ireland-based Zenith Technologies implements digital technologies to manage, control and optimise drug and medical device production.
As part of the deal, Zenith Technologies’ more than 800 people will become part of Cognizant’s Life Sciences business unit.
Tech Mahindra buys Objectwise
Tech Mahindra said that Objectwise would bring with it strong capabilities in implementation and support of Pega software.
The transaction is expected to close by July 31, 2019.
Rategain acquires US-based BCV
TA Associates-backed Indian software-as-a-service company RateGain on Monday announced that it has acquired US-based BCV, a provider of technology-enabled social media solutions for the hospitality industry.
This acquisition will further help RateGain unlock revenue across hotel chains, airlines, car rentals, OTAs, cruise lines, package providers, TMCs, and vacation rentals, it said in a statement.
While the financial details of the transaction were not disclosed, an Economic Times report pegged the deal size in the range of $25-28.61 million.