Cognizant to acquire Zenith Technologies for IoT strength
Cognizant said it would acquire Zenith Technologies for an undisclosed value to strengthen its internet of things (IoT) capabilities and gain life sciences domain expertise. This is the first acquisition announced by the IT services major after Brian Humphries took charge as the chief executive officer.
Zenith Technologies, an Ireland headquartered life sciences manufacturing technology services company, specializes in implementing digital technologies to manage, control and optimize drug and medical device production for operational efficiency and regulatory compliance.
This acquisition extends Cognizant’s capabilities for designing, implementing and managing end-to-end operational and information technology systems for connected biopharmaceutical and medical device manufacturers, said Cognizant in a press release.