(By Richard Holway 9.00am 21st Apr 09) Looks like the widely reported rumours yesterday re: Cognizant acquiring PA Consulting were a load of bunkum.
PA Consulting is very annoyed with the Electronics Times of India issuing a statement saying "PA's Executive team and Board are not, nor have ever been, in talks with Cognizant about anything whatsoever. There is no truth at all in the allegation of an acquisition of PA, nor any part of PA; nor in the possibility of alliances, partnerships or the like. The story contains incorrect information about PA, from our operational performance (we suspect that the article uses the results from one of our many subsidiaries, rather than our overall results), to the valuation of our firm, to the date of our foundation, and even how the firm's name is spelled."
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