M&A Deal Summary

Cognizant Acquires ValueSource Technologies Pvt.

On October 3, 2013, Cognizant acquired internet software and services company ValueSource Technologies Pvt. from KBC Group

Acquisition Highlights
  • This is Cognizant’s 3rd transaction in the Internet Software and Services sector.
  • This is Cognizant’s 4th transaction in India.

M&A Deal Summary

Date 2013-10-03
Target ValueSource Technologies Pvt.
Sector Internet Software and Services
Buyer(s) Cognizant
Sellers(s) KBC Group
Deal Type Divestiture

Target

ValueSource Technologies Pvt.

Chennai, India
ValueSource, which has employee strength of over 170 persons, has a dedicated offshore development centre in Chennai. It provides integrated offshoring services in software development and maintenance in financial services and insurance domain, manufacturing and business operation automation.

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Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States

Category Company
Founded 1988
Sector Information Technology
Employees336,800
Revenue 19.7B USD (2024)
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 12 of 56
Sector: Internet Software and Services M&A 3 of 8
Type: Divestiture M&A Deals 3 of 9
Country: India M&A 4 of 5
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 Equinox Consulting

Paris, France

Equinox Consulting is a leading French management consulting firm dedicated to helping banking, capital markets and insurance clients with the transformation of their operating, risk management and customer relationship models. Equinox Consulting combines very deep industry expertise and innovative thinking to deliver top quality advisory services to the financial community and help its clients to face increasingly complex business and regulation evolutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 itaas

Duluth, Georgia, United States

itaas provides unique software engineering experience and expertise in the development, testing, integration and deployment of digital video delivery across cable, IP, and wireless technologies on multiple platforms including HTML5, iOS, Android, and RDK.

Buy -

Seller(S) 1

SELLER

KBC Group

Brussels, Belgium

Category Company
Founded 1935
Sector Financial Services
Employees33,555
Revenue 11.2B EUR (2024)
DESCRIPTION

KBC Group is an integrated bancassurance group, catering mainly for retail, SME and midcap customers. It concentrates on its home markets of Belgium and certain countries in Central and Eastern Europe. KBC Group was founded in 1935 and is based in Brussels, Belgium.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-20 WARTA S.A. Insurance and Reinsurance Co.

Warsaw, Poland

Warta is the second largest Polish insurance group (positioned third in both of the life and non-life insurance markets) established in 1920 and has been providing life and non-life insurance on the Polish market. It has broad distribution channels with an agent network throughout Poland and a strong brand name and business base.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 we.trade Innovation DAC

Dublin, Ireland

we.trade Innovation DAC is a digital trade platform based on the Linux Foundation's Hyperledger Fabric and runs on the IBM Blockchain Platform. We .trade digital platform delivers global trade transactions across trade finance, insurance, and logistics. we.trade Innovation was founded in 2017 and is based in Dublin, Ireland.

Buy -