On the Record · Cognizant Technology Solutions
Cognizant Technology Solutions acquisitions, on the record
The businesses Cognizant Technology Solutions bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
OneSource VirtualWord for word“In 2023 , we acquired 100 % owners hip in each of the following: • certain net assets of OneSource Virtual, the professional and application management services business of OneSource Virtual, Inc. and OneSource Virtual (UK) Ltd., a leading provider of Workday services, solutions and products, acquired to complement our existing finance and human resources advisory implementation services related to Workday (acquired January 1, 2023), and • Mobica, an IoT software engineering services provider, acquired to expand our IoT embedded software engineering capabilities (acquired March 10, 2023).” 10-K for 2023 | acquisition | January 1, 2023 | — |
MobicaWord for word“The allocations of purchase price to the fair value of the aggregate assets acquired and li abilities assumed were as follows: (in millions) OneSource Virtual Mobica Total Weighted Average Useful Life Cash $ — $ 20 $ 20 Trade accounts receivable — 10 10 Other current assets 4 8 12 Property and equipment and other assets 1 6 7 Non-deductible goodwill 18 202 220 Tax-deductible goodwill 88 — 88 Customer relationship assets 11 120 131 10.9 years Current liabilities ( 18 ) ( 9 ) ( 27 ) Noncurrent liabilities ( 1 ) ( 32 ) ( 33 ) Purchase price $ 103 $ 325 $ 428 Goodwill from our acquisition of OneSource Virtual is expected to benefit all of our reportable segments and has been allocated as such.” 10-K for 2023 | acquisition | — | $ 325 |
AustinCSIWord for word“In 2022, we acquired 100 % owners hip in each of the following: • AustinCSI, a digital transformation consultancy specializing in enterprise cloud and data analytics advisory services, acquired to complement our technology and industry expertise (acquired December 15, 2022); and • Utegration, a full service consulting and solutions provider specializing in SAP technology and SAP-certified products for the energy and utilities sectors, acquired to expand and strengthen our industry expertise in our SAP practice (acquired December 19, 2022).” 10-K for 2023 | acquisition | December 15, 2022 | — |
UtegrationWord for word“Utegration, a full service consulting and solutions provider specializing in SAP technology and SAP-certified products for the energy and utilities sectors, acquired to expand and strengthen our industry expertise in our SAP practice (acquired December 19, 2022).” 10-K for 2023 | acquisition | December 19, 2022 | — |
LiniumWord for word“In 2021, we acquired 100 % owners hip in each of the following: • Linium, a cloud transformation consultancy group specializing in the ServiceNow platform and solutions for smart digital enterprise workflows, acquired to broaden our enterprise service management capabilities (acquired January 31, 2021);” 10-K for 2023 | acquisition | January 31, 2021 | — |
MagenicWord for word“• Magenic, a provider of agile software and cloud development, DevOps, experience design and advisory services across a range of industries, acquired to enhance our global software engineering expertise (acquired February 1, 2021);” 10-K for 2023 | acquisition | February 1, 2021 | — |
ServianWord for word“• Servian, an Australia-based enterprise transformation consultancy specializing in data analytics, AI, digital services, experience design and cloud, acquired to enhance our digital portfolio and market presence in Australia and New Zealand (acquired April 1, 2021);” 10-K for 2023 | acquisition | April 1, 2021 | — |
ESG MobilityWord for word“• ESG Mobility, a digital automotive engineering research and development provider for connected, autonomous and electric vehicles, acquired to expand our digital engineering expertise, particularly in connected vehicles (acquired June 1, 2021);” 10-K for 2023 | acquisition | June 1, 2021 | — |
TQSWord for word“• TQS, a global industrial data and intelligence company, acquired to accelerate our growth in IoT, data and analytics (acquired July 30, 2021);” 10-K for 2023 | acquisition | July 30, 2021 | — |
HunterWord for word“• Hunter, a provider of digital engineering and project management services, acquired to extend our talent network in key markets, expanding our digital engineering resources in the United States (acquired August 16, 2021); and” 10-K for 2023 | acquisition | August 16, 2021 | — |
DevbridgeWord for word“• Devbridge, a software consultancy and product development company, acquired to expand our software product engineering capabilities and global delivery footprint (acquired December 9, 2021).” 10-K for 2023 | acquisition | December 9, 2021 | — |
ThirderaWord for word“In January 2024, we acquired 100 % ownership in Thirdera, an Elite ServiceNow Partner specializing in advisory, implementation and optimization solutions related to the ServiceNow platform, for a preliminary purchase price of $ 430 million.” 10-K for 2023 | agreed acquisition | January 2024 | $ 430 million |
3CloudWord for word“On January 1, 2026, we acquired 100 % ownership in 3Cloud, one of the largest independent Microsoft Azure services providers and a global leader in Azure-dedicated AI enablement solutions and products.” 10-K for 2025 | acquisition | On January 1, 2026 | — |
BelcanWord for word“On August 26, 2024, through the execution of a merger agreement, we acquired 100 % ownership in Belcan, a leading global supplier of engineering research & development services for the commercial aerospace, defense, space, marine and industrial verticals.” 10-K for 2025 | acquisition | On August 26, 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | — | — | $157 million |
| 2017-12-31 | $216 million | — | $123 million |
| 2018-12-31 | $1.11 billion | — | $795 million |
| 2019-12-31 | $617 million | — | $441 million |
| 2020-12-31 | $1.12 billion | $0 | $988 million |
| 2021-12-31 | $970 million | $0 | $638 million |
| 2022-12-31 | $367 million | $28 million | $193 million |
| 2023-12-31 | $409 million | $0 | $319 million |
| 2024-12-31 | $1.61 billion | $0 | $958 million |
| 2025-12-31 | $0 | — | $0 |
Deal filings since 2016
- 2026-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Cognizant Technology Solutions’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.