Teaneck, N.J., Dec. 23, 2020: Cognizant has announced it had acquired Inawisdom, a United Kingdom-based, privately-held consultancy firm specializing in artificial intelligence (AI), machine learning (ML), and data analytics to help businesses make better, faster decisions that improve business outcomes.
Inawisdom focuses on delivering Cloud-native, full-stack solutions leveraging proven consulting methodologies and an analytics and ML platform built using Amazon Web Services (AWS). Financial details were not disclosed.
This marks Cognizant’s ninth acquisition in 2020 to “expand capabilities for clients globally in the key focus areas of data and AI, Cloud, digital engineering, and Internet of Things”, said Cognizant in a press release. Cognizant has invested more than $1.1 billion this year alone for acquisitions in these areas.
Inawisdom has developed the Rapid Analytics and Machine Learning Platform (RAMP), based on AWS Cloud technology, to provide a continually 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 broad 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 end-to-end cloud-native AI and machine learning solutions. London-based Contino, acquired by Cognizant in 2019, specializes in helping clients accelerate their transition to modern digital businesses with enterprise DevOps methodologies, a Cloud-native development approach, and advanced data platforms.
Image credit: Cognizant