Acquisition History / Coforge / Cigniti Technologies
Coforge Acquires Cigniti Technologies
Announced May 2024 — $436.5M
What happened
Coforge agreed to acquire a controlling stake in listed Cigniti Technologies, a Hyderabad-based software quality-engineering and testing firm, at Rs 1,415 per share valuing Cigniti at about Rs 3,863 crore. Coforge closed the final tranche in December 2024, taking 54% of the expanded voting capital.
- Acquirer
- Coforge
- Target
- Cigniti Technologies
- Announced
- May 2024
- Price
- $436.5M
- Industry
- IT services / software testing
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Coforge acquire Cigniti Technologies?
Coforge acquired Cigniti Technologies on May 2024. This was Coforge's 1st publicly tracked acquisition out of 1 we have on record.
How much did Coforge pay for Cigniti Technologies?
Coforge paid $436.5M for Cigniti Technologies.
What does Cigniti Technologies do?
Coforge agreed to acquire a controlling stake in listed Cigniti Technologies, a Hyderabad-based software quality-engineering and testing firm, at Rs 1,415 per share valuing Cigniti at about Rs 3,863 crore. Coforge closed the final tranche in December 2024, taking 54% of the expanded voting capital.
What other IT services / software testing companies has Coforge acquired?
Cigniti Technologies is Coforge's only publicly tracked acquisition in IT services / software testing so far.