Cognizant In The Process Of A BPO Buyout
Wed, 04/26/2006 - 22:03 — Sahad P V
Cognizant Technology Solutions, the Nasdaq-listed blue chip software services firm, is looking for a buyout in the business process outsourcing (BPO) space, reports Business Standard. The company is apparently in the final leg of its negotiations. Cognizant's earlier attempt to take over Bangalore-based software testing firm RelQ had not worked out. The BPO it's looking for could be a larger company. Cognizant had revenues of $885 million in 2005, and it's looking to cross a billion dollar this year. It employs 26,000 people.
