Coforge, an AI‑native engineering services leader, has announced the successful closure of its acquisition of Cigniti Technologies, completing all regulatory and shareholder requirements. The transaction received overwhelming shareholder approval and final clearance from India’s National Company Law Tribunal (NCLT), following prior approvals from the Competition Commission of India (CCI) and the Securities and Exchange Board of India (SEBI).
The milestone marks a pivotal moment for Coforge as it consolidates its position as a scaled, AI‑led Engineering, Data, and Cloud services company, with a US$2 billion enterprise core focused exclusively on these high‑growth areas. The acquisition aligns with Coforge’s long‑term strategy to build differentiated capabilities through disciplined, high‑impact integrations.
“The Cigniti acquisition demonstrates how disciplined execution and an AI‑native engineering focus can unlock exceptional value at scale.”
— Sudhir Singh, Chief Executive Officer and Executive Director, Coforge
Coforge acquired Cigniti to deepen its customer relationships, expand its healthcare vertical, and strengthen its presence across the Midwest and Western regions of the United States. Post‑acquisition results underscore the effectiveness of this strategy. EBITDA margins of the acquired business have expanded from approximately 11% to 19% within six quarters, while reported PAT has risen to 14–15%, among the strongest performances in the peer set.
Revenue growth has been driven by cross‑selling and large‑deal momentum. Cigniti, which had not signed a large deal in its 25‑year history prior to the acquisition, secured its first large deal worth US$24 million within six months, followed by a US$62 million deal within nine months. The top two acquired accounts, which previously generated a combined annual revenue of US$25 million, are now running at approximately US$75 million annually, reflecting significant expansion in account scale and deal size.
“The Cigniti acquisition is a textbook example of a contrarian bet that has paid off,” said Sudhir Singh, CEO and Executive Director of Coforge. “We’ve expanded margins, tripled revenues in key accounts, and created a proven blueprint for integration that we will now apply to Encora as we accelerate AI‑native engineering growth globally.”
The successful integration has been underpinned by execution intensity across sales, pre‑sales, and delivery, combined with outcome‑led engagement models and operational synergies.
With the acquisition complete, Coforge emerges as a US$2.5 billion firm, positioning itself to set new benchmarks in making AI transformation real for enterprises worldwide and to elevate its already robust growth trajectory to the next level.