Cognizant announced the acquisition of Inawisdom, a UK-based consultancy specializing in artificial intelligence, machine learning, and data analytics platform built using Amazon Web Services (AWS).
Financial details were not disclosed.
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.
Malcolm Frank, president, Digital Business, Cognizant, said: “We welcome Inawisdom’s skilled team to Cognizant and accelerate our innovation on data modernization and intelligent decision-making.”
Inawisdom has developed the Rapid Analytics and Machine Learning Platform (RAMP), based on AWS cloud technology, to provide an evolving and reusable code repository and accelerate AI-driven business outcomes.
Using RAMP, coupled with its own Agile consulting approach, Inawisdom helps clients across multiple use cases from enhancing supply chain efficiency to improving customer service and reducing operating costs, often achieving results within weeks. Inawisdom’s clients include businesses in a range of industry sectors throughout Europe and the Middle East.
Founded in 2016, Inawisdom has operations in the UK and the Netherlands. Through the acquisition, Inawisdom will join with Contino, another company in Cognizant’s Digital Business group, to provide cloud-native AI and machine learning solutions.
London-based Contino, acquired by Cognizant in 2019, specializes in helping clients accelerate their transition to digital businesses with enterprise DevOps methodologies, a cloud-native development approach, and advanced data platforms.
Cognizant’s AWS Business Group is one of the largest AWS-certified practitioner communities in the world. Cognizant has more than 8,000 certified cloud professionals supporting clients.
