Cognizant Acquires Infopulse For $5 M

Chennai: | Updated: Dec 3 2003, 05:30am hrs
Cognizant Technology Solutions, has acquired Infopulse, the Netherlands-based IT services firm at a purchase price of $5 million. Infopulsepart of the Infopulse Group present in the Netherlands, Ukraine and Romaniahas an ann-ual turnover of $5-6 million.

The company has more than 150 people working for it worldwide. Infopulse focuses on trading, purchasing and banking.

Cognizant chairman and CEO Kumar Mahadeva said, Infopulse has the client base, industry expertise and knowledge of local markets to spearhead our strategy for Benelux.

This acquisition will help our current customers as they will get large scale offshore capabilities as well as industry-specific IT services, Infopulse co-founder Wiljo Verbruggen said.