Cognizant acquires Inawisdom, a UK-based AI, ML, and data analytics consultancy firms, on Monday in an undisclosed financial transaction. With this acquisition, Cognizant closes ninth acquisition in 2020, shelling out over $1.1 billion this year for mergers and acquisitions.
Highly focused on AWS technologies, Inawisdom has gained clients in Europe and the Middle East to assist organizations in adopting data-driven techniques effortlessly. Inawisdom has also developed Rapid Analytics and Machine Learning Platform (RAMP) using AWS technologies to streamline its services for organizations with continually evolving and reusable code repositories for making accelerated data-driven decisions.
Talking about Cognizant’s acquisition of Inawisdom, Malcolm Frank, President, Digital Business of Cognizant, noted business succeed and fail by the speed and quality of their decision, and the best business decision is 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.
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Started in 2016, Inaswisdom has been named by AWS as APN Machine Learning Partner of the Year 2020 and APN Differentiation Partner of the Year 2019 in Europe. Inawisdom has expertise in optimizing the supply chain, customer service, operational efficiency of organizations to bring profitability within weeks.
“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.
Inawisdom will join Contino, a Digital Business group of Cognizant in London. Contino was acquired in 2019 that assists organizations with DevOps methodologies and advanced data platforms. With Inawisdom’s acquisition, Cognizant will further enhance it’s AI and ML capabilities to serve its customers. Cognizant is already recognized as Leader in Gartner’s 2020 Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide.