Cognizant has acquired a UK-based privately-held consultancy expert Inawisdom Founded in 2016, Inawisdom has operations in the UK and the Netherlands and specialising into artificial intelligence, machine learning and data analytics to help businesses make better, faster decisions, improving their business outcomes.
Inawisdom marks Cognizant's ninth acquisition in 2020 to expand capabilities for clients globally in the key focus areas of data and artificial intelligence, cloud, digital engineering, and Internet of Things. Cognizant has invested more than $1.1 billion this year alone for acquisitions in these areas.
Focusing on delivering cloud-native, full-stack solutions, Inawisdom is an analytics and machine learning platform built using Amazon Web Services (AWS). However, the financial details of the deal were not disclosed.
With this acquisition of Inawisdom, Cognizant marked its ninth acquisition in 2020 to expand its capabilities for clients in the field of data and artificial intelligence, cloud, digital engineering, and Internet of Things. Cognizant has invested more than $1.1 billion this year alone for acquisitions in these areas.
Malcolm Frank, President, Digital Business, Cognizant said, 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.
Cognizant and Inawisdom joining forces is a win for our customers, and we look forward to the industry and data science capabilities the Cognizant team will be able to offer our customers."
