Tag: Cognizant

Cognizant acquires ServiceNow Elite channel partner Thirdera

Posted on December 18, 2023 by - News

Global IT services provider Cognizant is snapping up ServiceNow Elite channel partner Thirdera as part of a cunning plan to build one of the largest and most credentialed ServiceNow partners.

The acquisition is slated to close by January.

Cognizant wants to mix its team of 1,500 people focused on ServiceNow with 940 people from Thirdera into its ServiceNow business group, which Jason Wojahn, CEO and co-founder of Thirdera will run.

“We built Thirdera as the largest global pure-play partner to help customers achieve more value with ServiceNow,” he said. “And as we continue to explore the ‘third era,’ this digital transformation across the enterprise and across industries, it just became clearer and clearer to us that we needed more reach. We needed more scale,” Wojahn said.

Cognizant snaps up Mobica

Posted on January 25, 2023 by - News

IoT software engineering services provider Mobica was snapped up Cognizant a few weeks after Cognizant hired former Infosys veteran Ravi Kumar S as its new CEO.

Mobica’s is a Microsoft IoT edge solutions partner, is part of chipmaking vendor ARM’s partner ecosystem, and works with Apple.

The buyout will push Cognizant’s IoT-embedded software engineering capabilities and provide clients with a broader array of end-to-end support to enable digital transformation.

Nokia has new European head

Posted on January 5, 2023 by - Moving People, News

The former rubber boot maker Nokia announced that Rolf Werner has joined the company as the Senior Vice President of its European region,

Werner joined Nokia from Cognizant Technology Solutions, where he was the CEO of Germany, with responsibility for the DACH region. DACH is a top three region for Cognizant Technology, and under his leadership, the company delivered double-digit growth for the region, including the acquisition of ESG Mobility.

During his career, Werner has held senior positions at Fujitsu, Global Logic, and T-Systems, where he led the turnaround of T-Systems’ French organisation across the whole organisational framework.

Heading Nokia’s Europe Region, Werner will help drive Nokia’s already significant growth and market share. The company hopes Werner will improve relationships with key European customers and support the company’s growth ambitions into new market segments.

Cloud first makes the UK grade

Posted on December 1, 2021 by - News

An Information Services Group report claims that enterprises are increasingly embracing a cloud-first approach to their IT investments.

The “2021 ISG Provider Lens Public Cloud – Services & Solutions Report for the UK” said that enterprises are looking to service providers to help them migrate more of their workloads to the public cloud.

It finds many large UK enterprises interested in hybrid cloud environments, which enable continued use of legacy IT systems, even though an increasing number of companies anticipate a time when they would migrate all of their IT assets to the cloud. Small and medium-sized enterprises, meanwhile, are looking at infrastructure-as-a-service (IaaS) options to replace their depreciated hardware assets.

ISG partner Jan Erik Aase said that the move to the cloud is expected to be the primary driver of IT market growth in the UK in the coming years.

ISG sees application development and maintenance providers making a killing

Posted on October 20, 2021 by - News

UK enterprises are turning to application development and maintenance providers to help them meet the twin challenges of COVID-19 and Brexit and expand their digital business capabilities, according to a new report published today by Information Services Group (ISG)

In its 2021 ISG Provider Lens Next-Generation Application Development and Maintenance Services Report for the UK finds the application development and maintenance (ADM) market is proliferating in the UK with the increase in digital business demands.

ISG Digital Strategy and Solutions partner Ola Chowning said that the ongoing pandemic and Brexit had increased the need for UK enterprises to optimise IT costs and harness new technologies to gain a competitive advantage in an ever-changing market environment.

Cognizant buys AI specialist Inawisdom

Posted on December 22, 2020 by - News

AWS AI expert Inawisdom has been snapped up as part of  Cognizant’s $1 billion 2020 acquisition drive.

Ipswich-based AWS Premier Consulting partner Inawisdom was founded in 2016 and been growing like crazy. It saw revenue rocket to £9.5 million in its fiscal year to 30 September 2020.

Cognizant said it will fuse Inawisdom with Contino, another company in its Digital Business group, to provide end-to-end cloud-native AI and machine learning solutions. It acquired London-based Contino in 2019.

Cognizant makes another cloudy purchase

Posted on September 2, 2020 by - News

Cognizant has snapped up Azure specialist 10th Magnitude, which is its sixth cloudy acquisition this year.

The big idea of the latest purchase is that the deal will expand the Azure expertise in Cognizant’s new Microsoft Business Group – which houses its other recent acquisition, New Signature – as well as adding managed services hubs throughout the US.

10th Magnitude is a Microsoft Gold Partner that offers managed services, including datacentre transformation, application modernisation and data intelligence.

Printer toner sales slow down reveals much about UK offices

Posted on September 2, 2020 by - News

Weak sales of printer toner show that many firms are not rushing a return to the office in the wake of the coronavirus lockdowns.

Context bean counters have added up some numbers and reached the conclusion that the UK is behind the rest of Europe trying to get workers back to their old desks.

The firm found that toner is one of the products that is closely linked to workplace presence, and examined four week rolling sales through distribution in the UK, France, Germany, Italy and Spain.

The results were that the UK lagged behind other most other European countries in terms of staff returning to offices, with only Norway, Denmark, the Baltics and Brazil registering slower rates of a shift away from mass working from home.

Cognizant signs off on New Signature takeover

Posted on July 29, 2020 by - News

New Signature has been acquired by services giant Cognizant.

Cognizant said the deal will expand its “hyperscale cloud advisory services”, adding that 500 employees across predominately the UK, the US and Canada will join the business.

New Signature CEO Jeff Tench said: “New Signature’s success is built upon helping clients create and accelerate their business transformation through the adoption of Microsoft cloud technologies. In joining Cognizant, we will have access to Cognizant’s deep industry expertise and global scale, and together, provide best-in-class cloud solutions for the intelligent workplace, applied innovation, and managed services.”

Cognizant will lose $50 to $70 million on ransomware attack

Posted on May 13, 2020 by - News

Cognizant will lose $50 to $70 million as a direct result of a recent ransomware attack, the outfit revealed in its first quarter earnings call.

For those who came in late, the firm said it had been targeted by a “Maze” ransomware attack on 18 April, which effectively shut down its internal systems and causing service disruption for many of its customers.

Cognizant said it responded to the attack quickly but still expects its second quarterly earnings to take a notable hit due to the resulting downtime and the temporary suspension of customer accounts.

Cognizant CFO Karen McLoughlin said: “While we anticipate that the revenue impact related to this issue will be largely resolved by the middle of the quarter, we do anticipate the revenue and corresponding margin impact to be in the range of $50 million to $70 million for the quarter.

Maze software steals business’ data and stores it on an external server, allowing them to demand payment for its safe recovery with a threat of releasing the information if it is not received.

Cognizant snaps up Collaborative Solutions

Posted on May 6, 2020 by - News

Cloudy outfit Cognizant has today announced it has entered into an agreement to buy Collaborative Solutions, a privately-held global consultancy specialising in Workday enterprise cloud applications for finance and human resources.

The transaction is expected to close in the second quarter of 2020, subject to the satisfaction of certain closing conditions, including regulatory clearance. Financial details were not disclosed.

The company claimed the acquisition of Collaborative Solutions will add new finance and HR advisory and implementation services to Cognizant’s cloud offerings. Collaborative Solutions, one of the world’s largest Workday consultancies, enables clients across financial services, healthcare, technology, government, education, and other organisations to transform their operations using enterprise cloud applications. Services include strategy development, organisational change management, and the deployment and management of finance, HR, planning, and higher education solutions.

Cognizant hit by Maze ransomware cyber-attack

Posted on April 21, 2020 by - News

Tech services provider Cognizant Technology Solutions (CTS) said on Saturday that it was hit by a Maze ransomware cyber-attack, resulting in service disruptions to some its clients.

The company said on its website: “Cognizant can confirm that a security incident involving our internal systems, and causing service disruptions for some of our clients, is the result of a Maze ransomware attack.

“We are in ongoing communication with our clients and have provided them with Indicators of Compromise (IOCs) and other technical information of a defensive nature.”

Cognizant fined $25 million in bribery case

Posted on February 18, 2019 by - News

Cognizant agreed to pay a $25 million fine to settle charges of bribery, while two former top executives who allegedly arranged the deal were indicted today on federal criminal charges of conspiracy to violate anti-bribery laws.

According to the SEC complaint, in 2014 senior Indian government officials demanded a $2 million bribe from the construction company building Cognizant’s corporate campus in Chennai, India. At the time, two-thirds of the company’s employees worked in India.

Cognizant buys Netcentric

Posted on October 26, 2017 by - News

Finding-Nemo-Shark-Wallpaper-HDUS IT services outfit Cognizant has snapped up Netcentric in a move to improve its offering in the digital marketing space.

Based in Zurich, Netcentric works in  the UK, the Netherlands and Germany, as well as delivery centres in Spain and Romania.

Netcentric specialises in digital output and has Mercedes-Benz, Allianz and Swisscom as its customers.

Netcentric CEO Elian Kool said: “The rapid growth of our business is driven by clients who understand that flourishing with the new digital economy requires merging marketing and digital concepts powered by more flexible IT that is delivered globally.

“By joining forces with Cognizant, we will be able to integrate marketing, technology, analytics and AI to help clients provide personalised experiences across multiple channels and enable their digital transformation.”

This means that more than 380 digital marketing specialists will join Cognizant’s digital practice through the deal, which is expected to close before the end of the year.

Cognizant works in a host of sectors including communications, finance and retail.

Cognizant has a market capitalisation of around $44 billion.

Gajen Kandiah, president of Cognizant’s digital business arm, said the deal would extend his outfits Adobe Experience Cloud presence for the global brands we serve.

“We continue to expand on the digital marketing and experience skills our clients demand, and round out our ability to deliver these services to the market at scale”, he said.

IoT integration market will grow by a third each year

Posted on July 6, 2017 by - News

Forwarders-set-to-see-growthA new market research report claims that the IoT market will grow by a third every year.

MarketsandMarkets beancounters claim that the global IoT Integration Market size is expected to grow from $ 759.5 million in 2017 to $ 3,301.7 million by 2022, at a Compound Annual Growth Rate (CAGR) of 34.2 percent.

The major forces driving the growth of the IoT Integration Market include the growth of the Bring Your Own Device (BYOD) trend and the need for remote workplace management.The increasing demands for data consistency and growing regulatory compliances and regulations are also some of the factors that are driving the market growth, the report said.

The system design and architecture services segment is expected to be the fastest growing service in the IoT Integration Market during the forecast period.

System design and architecture services involve the analysis, design, and configuration of the software components that support the system architecture.

System design engagement typically provides advice for sizing of new systems and scaling of existing systems. It provides improved system performance, offers tailored configuration advice, and monitors the capability usage of system resources.

Service providers also design and offer customized services as per client requirement and budget. These customised services help manage business workflows and improve business efficiency for commercial customers.

The smart building and home automation application area is expected to hold the largest market share in the IoT Integration Market during the forecast period.

Smart buildings comprise energy-saving equipment for the efficient functioning of all components and systems of a building, including lighting, monitoring, safety and security, emergency systems, heating, ventilation and air conditioning systems, and car parking.

The concept of smart buildings has gained prominence due to the increasing adoption of IoT solutions and services. IoT-enabled smart buildings offer enhanced features such as operations personalization, in-building device mobility, occupant comfort, and indoor activities automation.

IoT home automation systems use control systems and smart devices to automatically control and manage basic home functions over the internet from any location.

The major vendors in the IoT Integration Market include Infosys , HCL , TCS, Capgemini, Cognizant, Wipro, Atos, Intel, MuleSoft, Phitomas, Meshed and Allerin.