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US-based software company Cognizant Technology Solutions will acquire CoreLogic India Operations, a captive unit of the US-based CoreLogic, for around $50 million.
This will strengthen Cognizant’s offering of end-to-end mortgage services, and also enable new business solution for the mortgage industry.
CoreLogic India’s 4,000 associates will become employees of Cognizant at the closing of the deal expected in August.
The India centre provides capabilities in software product development, analytical modelling, domain-centric back-office services, and technology support to CoreLogic and its customers, primarily in the US mortgage and real estate markets, according to a Cognizant press release.
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