Cognizant: $1.3 Billion Belcan Acquisition Deal

Cognizant Technology Solutions Corporation is a multinational information technology service and consulting company founded in 1994 as a technology unit of Duns & Bradstreet. It is headquartered in Teaneck, New Jersey. The company specializes in information technology, consulting, and outsourcing.

According to reports, Cognizant has announced plans to acquire Belcan for $1.3 billion USD in cash and stock. This deal will strengthen Cognizant’s engineering capabilities in the aerospace, defense, and automotive market.

Belcan, LLC is a digital engineering firm that provides technical recruiting, information technology, and engineering services to customers in the aerospace, defense, space, marine, and government sectors. It was founded in 1958 and headquartered in Cincinnati, Ohio. Some of its clients include Boeing, Rolls Royce, NASA, and the US Navy.