Displaying items by tag: Cognizant

New digital experience practice will harness AI for enhanced customer engagement and business innovation

COMPANY NEWS: Cognizant announced the launch of Cognizant Moment™, the next evolution of the company's digital experience practice area, designed to help clients leverage the power of artificial intelligence (AI) to reimagine customer experience and engineer innovative strategies aimed at driving growth.

Significantly expands access to the ~$190 billion rapidly growing, specialized
Engineering Research & Development services market

Immediately accelerates growth opportunity through presence in attractive
aerospace & defense sector with established blue-chip clients

Expected to deliver >$100 million in annual revenue synergies
within three years and to be accretive to 2026 EPS

Cognizant (NASDAQ: CTSH) (the "Company") today announced it has signed a definitive agreement to acquire Belcan, LLC ("Belcan"), a portfolio company of AE Industrial Partners and a leading global supplier of Engineering Research & Development (ER&D) services, at a purchase price of approximately $1.3 billion in cash and stock, subject to customary adjustments.

Telecommunications company Telstra has tapped consulting digital services provider Infosys to bolster its software engineering and IT transformation journey and improve its customer experience.

COMPANY NEWS: Boomi, the intelligent integration and automation leader, announced today the winners of its 2024 Partner Awards, recognised at the 2024 Boomi Partner Summit held in Denver, Colorado. These awards recognise innovative partners who successfully leverage their Boomi relationship to accelerate business outcomes for customers.

COMPANY NEWS:  Cognizant associates have submitted more than 130K ideas via Bluebolt, a grassroots innovation program launched a year ago; more than 23K ideas have been implemented with clients.  More than 220K associates are trained on Bluebolt, of which 93K are trained on design thinking

Information technology company Cognizant signed a five-year partnership with Telstra to accelerate the telco’s software engineering and IT capabilities and technologies including AI.

Expanded partnership will leverage Microsoft Copilot and Cognizant’s advisory and digital transformation services to help employees and enterprise customers operationalise generative AI and realise strategic business transformation.

GUEST OPINION:  Australia’s continued ambition towards Net Zero emissions places responsibility on technology providers to ensure that sustainability remains a focus for their businesses and industry at large. In fact, global emissions can be reduced by a further 17% through greater technological sustainability, highlighting the impact that could be seen if more businesses embraced digital technology to enhance sustainability practices in IT.

Global technology company Cognizant has launched an Advanced Artificial Intelligence (AI) Lab based in San Francisco, which will focus on “advancing the science and practice of AI ” through innovation and development of intellectual property and AI-enablement technologies.

American multinational information technology services and consulting company Cognizant has announced a generative AI (gen AI)-enabled platform - Cognizant Flowsource - that it says aims to fuel the next generation of software engineering for enterprises.

Acquisition is expected to add more than 940 employees to Cognizant's ServiceNow Business Group, creating one of the largest aggregations of ServiceNow professional certifications globally

COMPANY NEWS: Cognizant has entered into an agreement to acquire Broomfield, CO-based Thirdera, an Elite ServiceNow Partner specialising in advisory, implementation and optimisation solutions related to the ServiceNow platform, with a strong focus on emerging enterprise workflow products. As part of the acquisition, Thirdera's ServiceNow training platform, Thirdera University – one of the world's largest – is expected to play a central role in credentialing resources to fulfill growing demand in the ServiceNow ecosystem.

The addition of Thirdera, which brings an on-and-near-shore global presence for the Cognizant ServiceNow Business Group, is expected to further efforts on the path of Cognizant and ServiceNow's strategic partnership to build a $1 billion combined business focused on AI-driven automation.

Thirdera is the largest independent global pure-play ServiceNow consultancy and has been recognised as the 2023 Worldwide Creator Workflow Partner of the Year and 2023 ServiceNow Americas IT Workflow Partner of the Year, among other accolades.

The combined strengths of Thirdera and the Cognizant ServiceNow Business Group are expected to offer clients one of the most comprehensive experiences in the ServiceNow ecosystem, with robust capabilities in professional services across key ServiceNow workflows and emerging products, including generative AI.

"ServiceNow is leading a market shift toward customer, employee, and creator products," said Ravi Kumar S, Cognizant's CEO. "I believe the combination of Cognizant's deep industry, AI, and platform expertise paired with Thirdera's leading-edge offerings in enterprise transformation will position Cognizant at the forefront of thought leadership and innovation in the ServiceNow ecosystem."

The addition of Thirdera's ServiceNow consultants in North America, Spain, Colombia, the Netherlands, and Australia, among other locations, and Thirdera's leading position in ServiceNow training and certifications, including Certified Master Architects and Certified Technical Architects, will create a combined Cognizant ServiceNow Business Group with more than 2,400 specialists and 14,000 certifications – together creating one of the largest and most highly accredited ServiceNow partners in the world.

"This is a pivotal moment for redefining customer engagement and operational efficiency," said Jason Wojahn, CEO and Co-Founder of Thirdera. "We believe leveraging Cognizant's scale, resources, and cross-industry expertise will help us revolutionise how our clients work in order to unleash productivity and drive innovation. We aim to transform the fabric of our clients' work environments, creating substantial value and offering our employees significant opportunities for professional growth and learning."

"Cognizant's bold move is an example of how our partners are looking to capitalise on the enormous market opportunity with ServiceNow. Their plan to acquire Thirdera, the largest pure-play ServiceNow partner, will turbo-charge their ability to build GenAI industry leading solutions on the ServiceNow platform," said Bill McDermott, chairman and CEO of ServiceNow. "This acquisition puts Cognizant well on their way to building a $1B+ joint business that can accelerate value for our customers."

Cognizant and ServiceNow have expanded their strategic partnership since Cognizant's acquisition of ServiceNow consultancy Linium in 2021, including a June 2023 announcement regarding a strategic partnership to drive AI-driven automation and the path toward building a $1 billion combined business, as well as the launch of an AI-powered service assurance offering for the telecommunications industry.

The acquisition is expected to close in January 2024, subject to satisfaction of closing conditions. Financial details were not disclosed.

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernise technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at Cognizant or @cognizant.

About Thirdera
Thirdera is an Elite-level ServiceNow partner, enabling customers to leverage the power of the ServiceNow platform through workflow-enabled services and solutions. Founded in 2021, Thirdera has quickly become an industry leader, evident by its recognition as a Major Contender in the Everest Group ServiceNow Services PEAK Matrix Assessment 2022 and distinction as the 2022 ServiceNow Global Emerging Industry Solutions Partner of the Year. As the largest global pure-play ServiceNow partner, Thirdera offers high-quality industry expertise and world-class innovation to help businesses accelerate growth and productivity via transformation, digitisation, and automation. Visit www.thirdera.com for more information. Thirdera is currently a portfolio company of Sunstone Partners.

Melbourne University,  consistently ranked among the world’s top universities, has selected Cognizant to help implement the Tealium Customer Data Platform (CDP).

Australian transformation consultancy V2 Digital has announced the appointment of Matt Farmer as a board member and investor.

GUEST INTERVIEW: Being visual is all about looking, and with modern camera technology and top class video analytics solutions, you can have a good look at the objects and actions contained within video footage. Acquiring and analysing video-based insights at scale can help modern organisations run better businesses – from more efficient operations, to superior employee engagement, safety and customer service.

GUEST INTERVIEW: Being visual is all about looking, and with modern camera technology and top class video analytics solutions, you can have a good look at the objects and actions contained within video footage. Acquiring and analysing video-based insights at scale can help modern organisations run better businesses – from more efficient operations, to superior employee engagement, safety and customer service.

Video intelligence platform VisualCortex has signed a referral and services agreement with Australian data consulting company Servian.

Cloud-based video intelligence platform VisualCortex has launched today, delivering an enterprise-grade platform to facilitate real-time or historical video analytics use case.

Sydney-based order management system specialist Fluent Commerce has appointed Pranatharthi Haran to the role of APAC managing director.

India based data-driven business transformation specialist BluePi Consulting has appointed Gaurav Sharma to the role of CEO for Australia and New Zealand, following the opening of the company's first international operations in Sydney.

COMPANY NEWS: Virsec launches its Deterministic Protection Platform to thwart all threats against software workloads and reduce dwell time from minutes to milliseconds.