The acquisition of Cigniti Technologies by Coforge, with regulatory approval in Q2 FY25, is expected to boost revenues, evidenced by $516 million in secured orders, 13 new clients, and a significant increase in employee count.
"Coforge acquired a 54% stake in Ciginiti Technologies... In Q2 FY25 competition Commission of India gave a green signal and that is when management very clearly mentioned that this could definitely boost our revenues. Not only revenues they have also secured orders worth $516 million they have added 13 new clients and they have increase their Workforce by 500 5,871 employees which includes Cigniti's 4,430 employees."
