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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.

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Cognizant Technology Solutions Corp To Acquire KBC Groupe SA's Subsidiary Valuesource NV-Business Standard

Thursday, 3 Oct 2013 06:34am EDT 

Business Standard reported that Cognizant Technology Solutions Corp has been selected by the KBC Groupe SA as a strategic partner to optimise service delivery and drive customer engagement. As part of the deal the company will acquire ValueSource NV, a subsidiary of KBC. The company did not disclose the valuation. Under an initial five-year agreement, Cognizant will deliver application development, application maintenance, and testing services to KBC. 

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0.92 +1.61%
11:35am EDT