Cognizant buys out French co Equinox Consulting to boost Europe biz

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From Cognizant-Equinox, the Nasdaq-listed IT major expects about $40 million in annualised revenue. From Cognizant-Equinox, the Nasdaq-listed IT major expects about $40 million in annualised revenue.
SummaryParis-based Equinox Consulting, which was founded in 2004, provides business consulting services.

flavour to their European operations. Given the diversity in the region, Indian IT firms are taking the inorganic route to get significant business opportunities from the continent. This year TCS acquired French company Alti for R530 crore. The acquisition gave TCS 1,200 employees with a presence in France, Belgium, Switzerland and Algeria. Earlier other IT majors including Infosys, Wipro and HCL Technologies have also taken this route.

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