Nasdaq-listed India's leading IT firm Cognizant has declared that it is going to acquire PIPC Group. The deal has been finalized and it is in its final step. PIPC Group is the leading management consulting firm of UK. The acquisition of this London based firm will make Cognizant more expert in the program management.

Now a day the program management has become a vital part of operations for the IT companies. They do need this for signing up complex, multi-million dollar contracts. This deal is undoubtedly come up as a positive move for the Indian IT firm.

However, the company has not disclosed the financial part of the deal yet. But as per sources the shareholders of the UK Inc. PIPC will get a preliminary consideration of £23 million. There will be earning for the future performance targets as well.

PIPC is basically operative in some of the developed nations like UK, Australia, New Zealand and the US. It is having around 200 employees all over the world. It is expected that its Indian acquisition will be a successful one.