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Cigniti Technologies To Acquire Aparaa Digital (Roundsqr), An Ai/Ml, Data Analytics, And Blockchain Engineering Services Company

May 04, 2022•over 3 years ago

Acquiring Company

Cigniti Technologies

Acquired Company

Aparaa Digital

IrvingQuality AssuranceInformation Technology

Description

Cigniti Technologies, world’s leading digital assurance and quality engineering services company, is set to acquire Aparaa Digital, a leading AI/ML, Data engineering, Analytics, and Blockchain services company that operates under the brand name RoundSqr. This is a firm step towards bolstering Cigniti’s strategic pursuit of becoming a specialized digital engineering and assurance services provider.

Company Information

Company

Cigniti Technologies

Location

Irving, Texas, United States

About

Cigniti Technologies Limited (www.cigniti.com) is the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company that helps global companies across industries continuously accelerate their Digital Transformation and become Digital-First. Headquartered in Hyderabad, India, our team of 4,100+ professionals is spread across the US, UK, Australia, Canada, UAE, Czech Republic, South Africa, and Singapore.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed