M&A Deal Summary

Cognizant Acquires Softvision

On October 4, 2018, Cognizant acquired technology hardware company Softvision from Tower Arch Capital

Acquisition Highlights
  • This is Cognizant’s 1st transaction in the Technology Hardware sector.
  • This is Cognizant’s 12th transaction in the United States.
  • This is Cognizant’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2018-10-04
Target Softvision
Sector Technology Hardware
Buyer(s) Cognizant
Sellers(s) Tower Arch Capital
Deal Type Add-on Acquisition

Target

Softvision

Atlanta, Georgia, United States
Softvision LLC is a developer of digital products, with over 2,400 product, design and engineering professionals, throughout a network of 17 studios, in 8 countries and 5 continents, Softvision provides a unique value proposition that infuses innovation into every engagement with its clients.

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Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States
Category Company
Founded 1994
Sector Information Technology
Employees344,400
Revenue 19.4B USD (2023)
DESCRIPTION
Cognizant's office in Hyderabad, India.
Cognizant's office in Hyderabad, India.

Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Cognizant was incorporated in 1994 and is based in Teaneck, New Jersey.

DEAL STATS #
Overall 30 of 55
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 24 of 46
State (Georgia) 2 of 4
Country (United States) 12 of 27
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-23 SaaSfocus

Noida, India

SaaSfocus is a consulting firm specializing in digital transformation, leveraging the Salesforce Platform. SaaSfocus was founded in 2009 and is based in Noida, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Mustache

Brooklyn, New York, United States

Mustache is a creative content agency that produces and distributes compelling video content and programming. Mustache was founded in 2010 and is based in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Tower Arch Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tower Arch Capital is a lower middle-market private equity firm focused on partnering with and growing family and entrepreneur-owned companies. Tower Arch seeks US-based companies with $20 to $150 million in revenue and up to $30 million of EBITDA. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Tower Arch Capital was formed in 2013 and is based in Draper, Utah.

DEAL STATS #
Overall 2 of 6
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Georgia) 2 of 2
Country (United States) 2 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Panoramic Doors

Fort Worth, Texas, United States

Panoramic Doors is a designer, manufacturer, and distributor of independent panel folding patio door systems. Panoramic door systems are used in both residential and commercial applications. Panoramic Doors was established in 2010 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 SnugZ USA

West Jordan, Utah, United States

SnugZ USA is a product's manufacturer serving over 7,000 professional buyers in the promotional space. The company designs and manufactures a leading array of lanyard, identification, personal care, and gifting products. SnugZ USA was established in 1989 and is based in West Jordan, Utah.

Buy -
Mergr

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