Technology outsourcing company Cognizant announced its deal to acquire Adaptra, a Sydney-based consulting, business transformation and IT services provider.
Founded in 1998, Adaptra works with 5 of the top 10 insurers in Australia and New Zealand – to define their business and operating models and provide platform advisory and implementation services.
Driven by Peter Overton, its managing director, Adaptra specializes in consulting, program management, and implementation of core platforms such as Guidewire to enable insurance companies to drive improvements across key functional areas such as underwriting, policy administration, claims management, and billing.
Adaptra assists insurance companies to increase speed-to-market, transform core processing to improve customer experience, drive competitiveness and product differentiation, and empower agents to digitally engage with customers.
Approximately 100 professionals from Adaptra will join Cognizant.
“Adaptra’s business transformation and Guidewire expertise will complement our digital business, operations and systems capabilities, and enhance our integrated solutions spanning the insurance life cycle,” said Jayajyoti Sengupta, head of Asia Pacific, Cognizant.
