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Cognizant on a tightrope as new challenge pops up
Mint Mumbai
|March 11, 2025
Globally, 243 activist campaigns were launched in 2024, highest since 2018, according to a Barclays report
A new chief executive trying to steer the company, generative AI disrupting the information technology (IT) services industry, and now an activist shareholder raising its stake—New Jersey-based Cognizant Technology Solutions Corp. now finds itself walking a tightrope.
Cognizant is one of the few companies seeing a second round of shareholder activism in less than 10 years. Mantle Ridge LP raised its stakes in Cognizant to more than $1 billion, according to the Wall Street Journal.
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