Cognizant acquires MarketRx for $135 mn
IT major Cognizant Technology Solutions on Saturday said it has completed the acquisition of New Jersey-based MarketRx, provider of analytics and related software services to global life sciences companies.
By PTI |
CHENNAI: IT major Cognizant Technology Solutions on Saturday said it has completed the acquisition of New Jersey-based MarketRx, provider of analytics and related software services to global life sciences companies.
Last month, the company had said it had signed a definitive agreement with MarketRx to acquire it for $135 million in cash, to be funded through its cash reserves, the company said in a statement.
The acquisition would provide Cognizant access to MarketRx's 75 customers, it added.
It would strengthen Cognizant's full suite of offerings across all areas of the life sciences value chain - from research and development and manufacturing to sales and marketing operations, the company had said earlier.
"This acquisition expands our capabilities in the analytics segment and broadens our service offerings for the life sciences industry, while providing strong synergies with our existing Business intelligence/data warehousing and CRM services," Cognizant Francisco D'Souza President and CEO had said.
Last month, the company had said it had signed a definitive agreement with MarketRx to acquire it for $135 million in cash, to be funded through its cash reserves, the company said in a statement.
The acquisition would provide Cognizant access to MarketRx's 75 customers, it added.
It would strengthen Cognizant's full suite of offerings across all areas of the life sciences value chain - from research and development and manufacturing to sales and marketing operations, the company had said earlier.
"This acquisition expands our capabilities in the analytics segment and broadens our service offerings for the life sciences industry, while providing strong synergies with our existing Business intelligence/data warehousing and CRM services," Cognizant Francisco D'Souza President and CEO had said.
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