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.
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.”