TEANECK, N.J., Dec. 21, 2020 /PRNewswire/
-- Cognizant (Nasdaq: CTSH) today announced it has
acquired Inawisdom, a UK-based, privately-held consultancy
specializing in artificial intelligence, machine learning, and
data analytics to help businesses make better, faster decisions
that improve business outcomes. Inawisdom focuses on delivering
cloud-native, full-stack solutions leveraging proven consulting
methodologies and an analytics and machine learning platform built
using Amazon Web Services (AWS). Financial details were not
disclosed.
Inawisdom marks Cognizant's ninth acquisition in 2020 to expand
capabilities for clients globally in the key focus areas of data
and artificial intelligence, cloud, digital engineering, and
Internet of Things. Cognizant has invested more than $1.1 billion this year alone for acquisitions in
these areas.
"Businesses succeed or fail by the speed and quality of their
decisions, and the best business decisions are informed by data
and AI," said Malcolm Frank,
President, Digital Business, Cognizant. "We are pleased to welcome
Inawisdom's skilled team to Cognizant and further accelerate our
innovation on data modernization and intelligent decision-making.
Cognizant and Inawisdom's clients will benefit from our shared,
deep relationships with AWS and our combined expertise with AI,
machine learning, cloud, and data analytics."
"As a committed and proven expert in AI and machine learning, we
are excited to join Cognizant and build on Inawisdom's unique
combination of accelerators and skills," said Neil Miles, CEO,
Inawisdom. "Our combined strength will further support customers in
embedding data-driven decision-making into their organization,
increasing their speed to business value and long-term market
differentiation. Being part of Cognizant provides access to a
wider, global network of AI and machine learning professionals, and
a wealth of new capabilities that will expand our joint service
offerings for successful data transformation."
Inawisdom has developed the Rapid Analytics and Machine Learning
Platform (RAMP), based on AWS cloud technology, to provide a
continually evolving and reusable code repository and accelerate
AI-driven business outcomes. Using RAMP, coupled with its
own Agile consulting approach, Inawisdom helps clients across
multiple use cases from enhancing supply chain efficiency to
improving customer service and reducing operating costs, often
achieving results within weeks. Inawisdom's clients include
businesses in a broad range of industry sectors throughout
Europe and the Middle East.
"AWS empowers millions of customers around the world to lower
costs, become more agile, and innovate faster," said Doug Yeum, Head of Global Partner Organization,
Amazon Web Services, Inc. "Organizations look to AWS partners like
Cognizant and Inawisdom to help transform their data and analytics
capabilities using AWS services. Cognizant and Inawisdom joining
forces is a win for our customers, and we look forward to the
industry and data science capabilities the Cognizant team will be
able to offer our customers."
Founded in 2016, Inawisdom has operations in the UK and
the Netherlands. Through the
acquisition, Inawisdom will join with Contino, another company in
Cognizant's Digital Business group, to provide end-to-end
cloud-native AI and machine learning solutions. London-based Contino, acquired by Cognizant in
2019, specializes in helping clients accelerate their transition to
modern digital businesses with enterprise DevOps methodologies, a
cloud-native development approach, and advanced data platforms.
Inawisdom is an AWS Premier Consulting Partner recognized by AWS
for its machine learning and data and analytics expertise, and for
helping clients drive innovation and build solutions on the AWS
platform. AWS named Inawisdom as APN Machine Learning Partner of
the Year 2020 and APN Differentiation Partner of the Year 2019
in Europe.
Cognizant's AWS Business Group is one of the largest
AWS-certified practitioner communities in the world. With more than
8,000 certified cloud professionals supporting clients, Cognizant
is recognized for its expertise in hyperscale cloud strategy and
implementation, including being cited as a Leader in Gartner's
2020 Magic Quadrant for Public Cloud Infrastructure
Professional and Managed Services, Worldwide.
Learn More
Inawisdom Website
Contino Website
Cognizant AI and Analytics Practice
Cognizant AWS Partnership
About Inawisdom
Inawisdom is a leader in artificial
intelligence (AI) and machine learning (ML) and specializes in
advanced analytics, business intelligence/market intelligence and
data science. We provide full-stack Amazon Web Services (AWS) cloud
and data services, including data lake and data platform through to
engineering, predictive analytics and IoT.
Headquartered in the UK with offices in Suffolk, London, and Rotterdam, Inawisdom employs a highly skilled
team of experts, working with global organizations across the UK,
Europe, and the Middle East.
About Cognizant
Cognizant (Nasdaq-100: CTSH) is one of
the world's leading professional services companies, transforming
clients' business, operating and technology models for the digital
era. Our unique industry-based, consultative approach helps clients
envision, build and run more innovative and efficient businesses.
Headquartered in the U.S., Cognizant is ranked 194 on the Fortune
500 and is consistently listed among the most admired companies in
the world. Learn how Cognizant helps clients lead with digital
at www.cognizant.com or follow us @Cognizant.
Forward-Looking Statements
This press release includes
statements which may constitute forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, the accuracy of which are
necessarily subject to risks, uncertainties, and assumptions as to
future events that may not prove to be accurate. These statements
include, but are not limited to, express or implied forward-looking
statements relating to expectations regarding the anticipated
closing of the acquisition of Inawisdom and the impact of the
acquisition of Inawisdom on the business and prospects of
Cognizant. These statements are neither promises nor guarantees,
but are subject to a variety of risks and uncertainties, many of
which are beyond our control, which could cause actual results to
differ materially from those contemplated in these forward-looking
statements. Existing and prospective investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date hereof. Factors that could cause actual
results to differ materially from those expressed or implied
include general economic conditions, changes in the regulatory
environment, including with respect to immigration and taxes, and
the other factors discussed in our most recent Annual Report on
Form 10-K and other filings with the Securities and Exchange
Commission. Cognizant undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required
under applicable securities law.
For further information, contact:
U.S.:
Jodi
Sorensen
jodi.sorensen@cognizant.com
|
Europe:
Grazia
Valentino-Boschi
grazia@cognizant.com
|
Asia-Pacific:
Harsh
Kabra
harsh.kabra@cognizant.com
|
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SOURCE Cognizant