CoForge Acquires Cigniti Technologies

CoForge has announced its acquisition of Cigniti Technologies, a globally recognized independent software testing and digital assurance company. This acquisition marks a significant step in CoForge’s journey to expand its capabilities in quality engineering, digital assurance, and next-generation testing solutions.

CoForge officially confirmed its acquisition of Cigniti Technologies. This merger is expected to strengthen CoForge’s positioning in the high-growth digital engineering and assurance market.

Jul 05, 2024

About Cigniti Technologies

Cigniti Technologies is a Hyderabad-based, global leader in independent quality engineering and software testing services. The company specializes in digital assurance, artificial intelligence-led testing, test automation, performance engineering, and quality assurance consulting. Over the years, Cigniti has built a solid reputation working with Fortune 500 companies across industries like healthcare, BFSI, retail, and travel.

About CoForge

CoForge, formerly known as NIIT Technologies, is a global IT solutions provider known for delivering transformation-led services for clients in the banking, insurance, travel, and public sectors. Headquartered in Noida, India, CoForge is recognized for its digital platforms, cloud transformation services, and AI-driven business solutions.

CoForge is the 8th largest Indian IT Firm. The company has steadily expanded its global presence and service portfolio through a combination of organic growth and strategic acquisitions.

Strategic Significance of the Deal

The acquisition allows CoForge to broaden its service offerings with Cigniti’s deep expertise in quality engineering. It strengthens CoForge’s position in the global software testing and digital assurance services market, a domain that is increasingly critical with the rise of digital transformation, AI/ML solutions, and data-driven applications. The move also brings complementary client bases together, unlocking new cross-selling opportunities.

Industry experts believe the integration of Cigniti’s 4,200+ employees into CoForge’s global delivery network will create synergies that enhance delivery capabilities and scale. Leadership from both companies expressed confidence that the combined entity will deliver enhanced value to clients and accelerate innovation in software assurance.

FAQs on CoForge Acquiring Cigniti Technologies

What is the purpose of CoForge acquiring Cigniti Technologies?

The purpose is to strengthen CoForge’s capabilities in independent software testing and digital assurance, expanding its service offerings and global reach.

When was the acquisition announced?

The acquisition was announced on July 05, 2024.

What will happen to Cigniti Technologies after the acquisition?

Cigniti Technologies will become a part of CoForge, and its operations, employees, and client services will be integrated under the CoForge brand over time.

How does this acquisition benefit CoForge?

CoForge gains access to Cigniti’s deep domain expertise in quality engineering and testing, enhancing its digital transformation offerings and providing an edge in delivering end-to-end software solutions.

Will the acquisition affect existing clients of Cigniti?

There are no immediate disruptions expected. In fact, clients can expect broader service options and enhanced delivery capabilities.

Is this CoForge’s first major acquisition?

No, CoForge has made several strategic acquisitions in the past, but acquiring Cigniti is one of its most significant moves in the QA and testing space.