For the past decade, Cognizant have managed to become one of the world’s leading professional services company that transforms clients’ operating, technology and business models, further allowing them to keep up with the digital era. However, in order to keep up with the advancing market, the company needs to evolve its practices by constantly developing and adopting new technologies.
Recently, the company revealed some advancements as it announced that it has inked a deal to acquire Contino, a London-based privately technology consulting firm, for an undisclosed amount.
For the record, Contino specializes in the field of digital transformation by capitalizing on enterprise DevOps strategies, advanced data platforms and a cloud-native development approach, and harbors a total of 350 employees across its U.S., Australia and U.K.
Speaking on the acquisition, Brian Humphries, CEO, Cognizant, said that the DevOps method to core modernization, cloud security and cloud migration will further restructure enterprises in all businesses while constructing their infrastructures.
Moreover, the latest cloud abilities from Contino will allow the company to provide and instantly deploy progressive cloud-based solutions, cites Humphries.
Reports suggest that the deal is anticipated to be completed by Q4 of 2019, however, is dependent on fulfilling the closing conditions laid out by the company, such as regulatory approvals.
Incidentally, Cognizant has also made some significant strides in the AI sector. Recently, it rose to trends when it revealed its latest AI-based SaaS platform that would offer property insurers the ability to crunch huge numbers of claims due to the occurrence of some natural disasters or any other cataclysmic event.
Sources cite that the SaaS application would combine aerial and satellite imagery and property data, with machine learning technologies. This would help the insurers to immediately evaluate the destruction caused by tornados, hurricanes, wildfires, floods and several other calamities within four to five days, further boosting the payment procedure of customer claims.