Cognizant Buys Marketrx For $135 Mn

IT major Cognizant Technology Solutions on Nov 17, said it has finished the acquisition of New Jersey-based MarketRx, provider of analytics and related software services to global life sciences companies. Last month, the company had said it had inked a definitive agreement with MarketRx to buy it for $135 million in cash, to be funded through its cash reserves. It will beef up Cognizant''s full suite of offerings across all areas of the life sciences value chain from research and development and manufacturing to sales and marketing operations.