Monday, 19 December 2016 11:42

Cognizant acquiring Australia’s Adaptra

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Global IT and business process services provider Cognizant is acquiring Adaptra, a Sydney-based consulting, business transformation and IT services provider.

Jayajyoti Sengupta, head of Asia Pacific, Cognizant, says the acquisition further strengthens the company’s “deep insurance, business transformation and platform capabilities to help clients succeed in a technology- and data-intensive world”.

“Adaptra’s high-end business transformation and Guidewire expertise will complement our deep digital business, operations and systems capabilities, and further enhance our integrated solutions spanning the insurance life cycle. We welcome Adaptra’s talented professionals to Cognizant and are confident that our combined strengths will help insurers navigate the shift to the digital economy.”

As part of the acquisition, approximately 100 professionals will join Cognizant. The terms of the transaction were not disclosed.

Founded in 1998, Adaptra specialises in consulting, programme 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.

Peter Overton, managing director of Adaptra, said becoming a part of Cognizant uniquely positions the company for new growth opportunities across newer technologies and industries.

“Cognizant’s global experience, deep digital capabilities, and entrepreneurial culture will enable us to deliver broader transformational solutions to insurers. This is critical for us to provide greater opportunities for our employees.

“With our shared commitment to helping insurers navigate the shift to the digital economy, we can drive future diversification and deliver high-value solutions based on our combined strengths.”

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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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