Cognizant buys AI specialist Inawisdom

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.

Malcolm Frank, President, Digital Business, Cognizant, said: “Businesses succeed or fail by the speed and quality of their decisions, ­and the best business decisions are informed by data and AI.

“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.”