Cognizant to look for acquisitions in Europe, US

Bangalore, Sept 07: IT firm Cognizant Technology Solutions is looking for acquisitions in Europe and the US, the company's Vice-Chairman Lakshmi Narayanan said on Thursday.

"We are looking at specific opportunities in the consulting end in certain geographies where we are not operating," Narayanan told reporters on the sidelines of a NASSCOM-organised quality summit here.

The company is eyeing consulting firms in Europe and the US but would not say if it is evaluating a few candidates at this stage or is in active discussion with firms for potential buy-out.

Vice-Chairman said the company aims to add 9,000 people to its roll by December-end, taking the overall headcount to 55,000.

According to Narayanan, the company is in the process of investing $300 million in creating infrastructure and workspace in tier-I and tier-II cities.

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