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How Does Generative AI technology Impact the Healthcare Industry and Its Security and Privacy?

How Does Generative AI technology Impact the Healthcare Industry and Its Security and Privacy?

Generative AI, a subset of artificial intelligence, has emerged as a powerful tool in healthcare, offering a range of benefits that have the potential to revolutionize medical research and patient care. Generative AI algorithms have the capability to create new and realistic data based on patterns and knowledge learned from existing datasets. In healthcare, this technology has shown promise in a variety of areas, including drug discovery, medical imaging analysis, and patient risk prediction. But there are also potential security and privacy risks as well.

Cigniti Wins “Best IoT Healthcare Platform” in the 2023 MedTech Breakthrough Awards Program

Prestigious Global Annual Awards Program Recognizes Standout Digital Health & Medical Technology Products and Companies

Dallas, USA, May 8, 2023 Cigniti Technologies, the world's leading AI and IP-led Digital Assurance and Digital Engineering services company, today announced that its Internet of Medical Things (IoMT) Digital Quality Engineering Automation framework has won the "Best IoT Healthcare Platform" award in the 7th annual MedTech Breakthrough Awards program. The award program conducted by MedTech Breakthrough, an independent market intelligence organization, recognizes the global health and medical technology market's top companies, technologies, and products.

Cigniti's Internet of Medical Things (IoMT) Digital Quality Engineering Automation framework ensures wearables can predict and customize required medicine intake and deliver with precision while adhering to USFDA regulations. The Software as a Medical Device (SaMD) platform is wholly automated with minimal/no human intervention and capable of performing negative testing to ensure that the wearable delivers the intended results.

On the occasion, Srikanth Chakkilam, CEO of Cigniti Technologies, said, "We are proud to be at the forefront of the rapidly evolving medical devices industry, where IoMT and connected devices are becoming increasingly important. IoMT can reduce cost, mitigate care coordination challenges faced by the healthcare industry, and increase the speed and precision of diagnosis and treatment in real-time. We are excited about the growing market for medical devices, and Cigniti is poised to continue its growth in the space. Winning the "Best IoT Healthcare Platform" is a testament to our expertise in digital assurance for medical devices compliant with FDA regulations."

"In healthcare, patients' lives are critical and therefore, the precision of connected devices is paramount. We must ensure that the ecosystem of mobile apps, medical devices software, healthcare CRMs, and Patient Database management applications work seamlessly and are highly secure. Cigniti's Quality Engineering framework winning the MedTech award is a recognition of the expertise and leadership in digital assurance, especially in the Software as a Medical Device (SaMD) platform. We are proud to be working closely with five of the largest medical device manufacturers in the USA and Canada," said Raghuram Krovvidy, Chief Delivery Officer, Cigniti.

"Congratulations to Cigniti on being our pick for the 'Best IoT Healthcare Platform' award. Cigniti's Internet of Medical Things (IoMT) platform is a one-stop Digital Quality Engineering Automation solution that performs end-to-end testing of all wearables. Cigniti's IoMT platform encompasses everything needed for medical device testing: domain experience, device knowledge, infrastructure, legislation, and capability to support testing," said James Johnson, Managing Director of MedTech Breakthrough.

Cigniti's world-class IoMT lab and infrastructure have helped a leading diabetes care provider, a medical devices company, and a leading healthcare company increase their cycle time, automation coverage, and time-to-market by 50% in compliance with stringent USFDA guidelines.

About Cigniti:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World's Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. Headquartered in Hyderabad, India, Cigniti's 4100+ employees help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains.

To learn more, visit www.cigniti.com.

About MedTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the MedTech Breakthrough Awards program is devoted to honoring excellence and innovation in medical & health technology companies, products, services, and people. The MedTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough healthcare and medical companies and products in categories that include Patient Experience & Engagement, Health & Fitness, Medical Devices, Clinical Administration, Connected Healthcare, Medical Data, Healthcare Cybersecurity, and more. For more information visit  MedTechBreakthrough.com.

Contact
Midhun.pingili@cigniti.com  (+91 8886093093)

Cigniti Wins “Best IoT Healthcare Platform” in the 2023 MedTech Breakthrough Awards Program

Prestigious Global Annual Awards Program Recognizes Standout Digital Health & Medical Technology Products and Companies

Dallas, USA, May 8, 2023 Cigniti Technologies, the world's leading AI and IP-led Digital Assurance and Digital Engineering services company, today announced that its Internet of Medical Things (IoMT) Digital Quality Engineering Automation framework has won the "Best IoT Healthcare Platform" award in the 7th annual MedTech Breakthrough Awards program. The award program conducted by MedTech Breakthrough, an independent market intelligence organization, recognizes the global health and medical technology market's top companies, technologies, and products.

Cigniti's Internet of Medical Things (IoMT) Digital Quality Engineering Automation framework ensures wearables can predict and customize required medicine intake and deliver with precision while adhering to USFDA regulations. The Software as a Medical Device (SaMD) platform is wholly automated with minimal/no human intervention and capable of performing negative testing to ensure that the wearable delivers the intended results.

On the occasion, Srikanth Chakkilam, CEO of Cigniti Technologies, said, "We are proud to be at the forefront of the rapidly evolving medical devices industry, where IoMT and connected devices are becoming increasingly important. IoMT can reduce cost, mitigate care coordination challenges faced by the healthcare industry, and increase the speed and precision of diagnosis and treatment in real-time. We are excited about the growing market for medical devices, and Cigniti is poised to continue its growth in the space. Winning the "Best IoT Healthcare Platform" is a testament to our expertise in digital assurance for medical devices compliant with FDA regulations."

MedTech on Cusp of Digital Revolution

MedTech on Cusp of Digital Revolution

Medical device and high-tech equipment manufacturers face several challenges that evolve with the times and trends. The COVID-19 pandemic was a disruption that pushed for quicker deployment of digital technology in the MedTech industry.

Today, digitization is revolutionizing the healthcare industry from remote care to research and development (R&D) drug creation and discovery projects, monitoring and assessing, and producing advanced medical equipment.

Cigniti Technologies provides critical medical equipment to the Gynaecology Facility at the Government MNJ Institute of Oncology, Regional Cancer, Hyderabad, India.

~ As part of its CSR efforts, Cigniti supported a gynecology facility with medical equipment at MNJ Institute of Oncology, Regional Cancer, Hyderabad, India ~

Hyderabad, India 24th March, 2023: As part of its CSR initiative, Project Cignificance, Cigniti Technologies, the world’s leading AI and IP-led Digital Assurance and Digital Engineering services company, extended its support to the Government MNJ Institute of Oncology, Regional Cancer in Hyderabad, India. Cigniti provided crucial healthcare and essential medical equipment for a gynecology unit supporting women cancer patients from marginalized communities.

Cigniti Technologies has always been at the forefront of supporting healthcare initiatives. This latest contribution reflects our commitment to support this facility with essential medical equipment like ICU beds, Ventilators, Multi-Channel Monitors, Infusion Pumps, Ultrasound Portable, Colposcope, air conditioners for the room, and many more. These equipment’s will enable them to offer more advanced care and medical attention to the patients.

The facility was inaugurated by Mr. Raghu Krovvidy, CDO at Cigniti Technologies in the presence of Mr. Sairam Vedam, CMO at Cigniti Technologies, and Mr. Midhun Pingili, Sr. Director of Marketing at Cigniti Technologies. Mr. Mayur Patnala, Founder and CEO of Nirmaan Organization, and Dr. Jayalatha, Director of MNJ Institute of Oncology and Regional Cancer Hospital, graced the occasion at the hospital.

By collaborating with Nirmaan Organization, Cigniti aims to reduce the stress on the existing public healthcare system caused by the increase in gynecology-related cases, such as delivery cases in Mother and Child hospitals and tertiary hospitals. This assistance will deliver better healthcare, minimize gynecology referrals to private/tertiary hospitals, and offer a green channel for women on a walk-in basis to decrease the waiting period. With this support, the facility will be able to provide medical attention to at least 1,000 marginalized patients annually.

About Cigniti Technologies Limited:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company. 4200+ Cignitians worldwide help Fortune 500 and Global 2000 enterprises across 24 countries accelerate their digital transformation journey through various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP and platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, the UK, the UAE, Australia, South Africa, the Czech Republic, and Singapore.
To learn more, visit www.cigniti.com.

Contact
Midhun.pingili@cigniti.com  (+91 8886093093)

Cigniti Technologies provides critical medical equipment to the Gynecology Facility at the Government MNJ Institute of Oncology, Regional Cancer, Hyderabad, India.

As part of its CSR efforts, Cigniti supported a gynecology facility with medical equipment at MNJ Institute of Oncology, Regional Cancer, Hyderabad, India

Hyderabad, India 24th March, 2023: As part of its CSR initiative, Project Cignificance, Cigniti Technologies, the world’s leading AI and IP-led Digital Assurance and Digital Engineering services company, extended its support to the Government MNJ Institute of Oncology, Regional Cancer in Hyderabad, India. Cigniti provided crucial healthcare and essential medical equipment for a gynecology unit supporting women cancer patients from marginalized communities.

Cigniti Technologies has always been at the forefront of supporting healthcare initiatives. This latest contribution reflects our commitment to supporting this facility with essential medical equipment like ICU beds, Ventilators, Multi-Channel Monitors, Infusion Pumps, Ultrasound Portable, Colposcope, air conditioners for the room, and many more. These equipments will enable them to offer more advanced care and medical attention to the patients.

The facility was inaugurated by Mr. Raghu Krovvidy, CDO at Cigniti Technologies in the presence of Mr. Sairam Vedam, CMO at Cigniti Technologies, and Mr. Midhun Pingili, Sr. Director of Marketing at Cigniti Technologies. Mr. Mayur Patnala, Founder and CEO of Nirmaan Organization, and Dr. Jayalatha, Director of MNJ Institute of Oncology and Regional Cancer Hospital, graced the occasion at the hospital.

Cigniti Technologies Commemorates Women in Technology Ahead of International Women’s Day.

Cigniti is undertaking multiple initiatives, including women in tech roundtable, herDIGITALstory, and enabling essential healthcare facilities.

Cigniti has organized dedicated programs for women in tech, along with diversity and inclusion (D&I), aspirant professionals from rural areas, and disadvantaged women in need of basic healthcare facilities.

Cigniti Technologies supports NICU/SNCU Facility at the Mother and Child Health Center, Nalgonda, Hyderabad, with medical equipment.

Nalgonda, 2nd September 2022:  Cigniti Technologies, the world’s leading AI and IP-led Digital Assurance and Digital Engineering services company, launched a NICU/SNCU facility at the Mother and Child Health Center, Nalgonda district, Hyderabad today. The facility was launched as part of the company’s CSR efforts undertaken in the field of "Health" to create a long-term impact by equipping government hospitals with better health infrastructure. The facility was inaugurated by Mr. C V Subramanyam, Chairman and Managing Director at Cigniti Technologies, along with Mr. Sairam Vedam, CMO at Cigniti Technologies, Ms. Urmila Markili, Senior Vice President at Cigniti Technologies and Mr. Midhun Pingili, Senior Director Marketing at Cigniti Technologies. Mr. Kancharla Bhupal Reddy, MLA, Nalgonda, Govt. of Telangana and Mr. Mayur Patnala, Founder and CEO, Nirmaan Organization, graced the occasion at the hospital.

Cigniti joined hands with Nirmaan Organization to address the acute shortage of NICU/SNCU beds and donated medical equipment like Radiant Warmers, Phototherapy machines, Pulse oximeters, Syringe and Infusion pumps, Multipara monitors, HFNC machines, and air conditioners for the ward, which are essential to serve critically ill or premature newborn infants who are at the age of less than 28 days. The supported facility serves a population of 14 lakh people in the district headquarters and rural villages surrounding the district. With this upgrade, the facility would be able to serve about 1,000 infants per year.

"We are passionately focusing on making healthcare accessible and available for all. A lack of infrastructure in rural and remote areas is a major contributor to a high rural infant mortality rate. By equipping the facility with life-critical medical equipment, we’re trying to offer our contribution in improving care quality available to the residents of Nalgonda”, stated C.V. Subramanyam, Chairman and Managing Director of Cigniti Technologies, on the occasion.

Post Covid-19, the ward will be useful in treating infants who require specialized care and highly valued medicines that are very expensive in private set-ups," (Quote from Hospital management)

Cigniti Technologies supports NICU/SNCU Facility at the Mother and Child Health Center, Nalgonda, Hyderabad, with medical equipment.

Nalgonda, 2nd September 2022:  Cigniti Technologies, the world’s leading AI and IP-led Digital Assurance and Digital Engineering services company, launched a NICU/SNCU facility at the Mother and Child Health Center, Nalgonda district, Hyderabad today. The facility was launched as part of the company’s CSR efforts undertaken in the field of "Health" to create a long-term impact by equipping government hospitals with better health infrastructure. The facility was inaugurated by Mr. C V Subramanyam, Chairman and Managing Director at Cigniti Technologies, along with Mr. Sairam Vedam, CMO at Cigniti Technologies, Ms. Urmila Markili, Senior Vice President at Cigniti Technologies and Mr. Midhun Pingili, Senior Director Marketing at Cigniti Technologies. Mr. Kancharla Bhupal Reddy, MLA, Nalgonda, Govt. of Telangana and Mr. Mayur Patnala, Founder and CEO, Nirmaan Organization, graced the occasion at the hospital.

Cigniti joined hands with Nirmaan Organization to address the acute shortage of NICU/SNCU beds and donated medical equipment like Radiant Warmers, Phototherapy machines, Pulse oximeters, Syringe and Infusion pumps, Multipara monitors, HFNC machines, and air conditioners for the ward, which are essential to serve critically ill or premature newborn infants who are at the age of less than 28 days. The supported facility serves a population of 14 lakh people in the district headquarters and rural villages surrounding the district. With this upgrade, the facility would be able to serve about 1,000 infants per year.

"We are passionately focusing on making healthcare accessible and available for all. A lack of infrastructure in rural and remote areas is a major contributor to a high rural infant mortality rate. By equipping the facility with life-critical medical equipment, we’re trying to offer our contribution in improving care quality available to the residents of Nalgonda”, stated C.V. Subramanyam, Chairman and Managing Director of Cigniti Technologies, on the occasion.

Post Covid-19, the ward will be useful in treating infants who require specialized care and highly valued medicines that are very expensive in private set-ups," (Quote from Hospital management)

About Cigniti:
Cigniti Technologies Limited is the World’s Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4000+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

To learn more, visit www.cigniti.com

About Nirmaan:
Nirmaan Organization is a registered NGO, started by students of BITS Pilani in 2005. We work in the areas of Education, Skill Development & Entrepreneurship and Social Leadership. In the past 16 years of journey, we have impacted the lives of 1.5+ million beneficiaries with the support of 300+ full time employees and 1000+ strong volunteer network across 15 States of India. During COVID waves 1 and 2, we supported 110+ government hospitals across 4 states to upgrade their healthcare infrastructure and supported various communities to overcome the COVID challenges through livelihood, rations, and other support.

Contact:
midhun.pingili@cigniti.com (+91 8886093093)

Cigniti Technologies supports Belagavi Institute of Medical Sciences (BIMS) Karnataka with medical equipment

Belagavi, 1st December, 2021: The ICU unit at Belagavi Institute of Medical Sciences has been renovated by bringing in new medical equipment with the support of Cigniti Technologies. Inauguration of the ICU happened in the virtual presence of Mr. Paul Trotter, Dy. CTO at Atom, Mr. Srikanth Chakkilam, CEO at Cigniti Technologies and Mr. Krishnan Venkatachary, CFO at Cigniti. Dr. Viveki, Director, BIMS, and Mr. Mayur Patnala, Founder and CEO, Nirmaan Organization have graced the occasion at the Hospital.

Cigniti Technologies, the world’s leading independent Quality Engineering and Software Testing services company, partnered with the Nirmaan Organization to provide medical equipment to the ICU ward of Belagavi Institute of Medical Sciences (BIMS) in the Belagavi district of Karnataka. Cigniti donated ECG machines, oxygen cylinders, X-ray machines, air conditioners for the ICU ward, computers for the hospital staff, crash carts, ICU medical trolleys, surgical trolleys, suction apparatus, NIV masks, and other medical equipment to the hospital to support India's fight against COVID-19.

"As a socially responsible organization, we’re committed to supporting India's recovery from the COVID-19 second wave. We are happy to be a part of this project to improve Karnataka's medical infrastructure, which will help rural residents get better healthcare during and after the pandemic." Srikanth Chakkilam, Chief Executive Officer of Cigniti Technologies, stated on the occasion.

"We thank Cigniti and Nirmaan for supporting BIMS Belagavi with crucial ICU medical equipment. The much-needed oxygen cylinders and NIV masks will help the hospital supplement their oxygen supplies and prepare for future emergencies." Dr. Viveki, Director, BIMS.

Shri. Mayur Patnala, Founder and CEO of the implementation partner, Nirmaan Organization, thanked Srikanth Chakkilam, Dr. Viveki, and the District Collector for supporting the program.

About Cigniti: Cigniti Technologies Limited (NSE: CIGNITITEC, BSE: 534758), global leader in providing IP-led, strategic digital assurance, software quality engineering, testing and consulting services, is headquartered in Hyderabad, India, with offices in USA, U.K., UAE, Australia, Czech Republic and Singapore. Leading global enterprises including Fortune 500 & Global 2000, trust us to accelerate their digital transformation, continuously expand their digital horizons and assure their digital next. We bring the power of AI into Agile and DevOps and offer digital services encompassing intelligent automation, big data analytics, cloud migration assurance, 5G Assurance, Customer experience assurance and much more. Our IP, next-gen quality engineering platform, BlueSwan helps assure digital next by predicting and preventing unanticipated application failures, thereby assisting our clients in accelerating their adoption of digital.

About Nirmaan: Nirmaan is an NGO founded in 2005 by a group of BITS Pilani students with the goal of creating a knowledge-driven and economically empowered society. Nirmaan works in the areas of education, livelihood, and social leadership. In the last 16 years of their journey, Nirmaan has impacted 16 lakh lives of children, youth, women, and farmers across 15 states of India by partnering with 75+ corporate and government institutions.

During the COVID-19 pandemic, Nirmaan has supported many government hospitals and frontline health workers by donating ICU beds, isolation beds, ventilators, PPE kits, masks, sanitizers, ration, and livelihood kits, etc. So far, Nirmaan has helped 44 government hospitals in Telangana set up and upgrade ICU wards, as well as 20 government hospitals in Karnataka and 34 government hospitals in Andhra Pradesh with the help of corporate partners.

Access the full coverage here

Contact
Midhun Pingili, Director, Marketing | Midhun.pingili@cigniti.com | www.cigniti.com

Cigniti Technologies supports Belagavi Institute of Medical Sciences (BIMS) Karnataka with medical equipment

Belagavi, 1st December, 2021: The ICU unit at Belagavi Institute of Medical Sciences has been renovated by bringing in new medical equipment with the support of Cigniti Technologies. Inauguration of the ICU happened in the virtual presence of Mr. Paul Trotter, Dy. CTO at Atom, Mr. Srikanth Chakkilam, CEO at Cigniti Technologies and Mr. Krishnan Venkatachary, CFO at Cigniti. Dr. Viveki, Director, BIMS, and Mr. Mayur Patnala, Founder and CEO, Nirmaan Organization have graced the occasion at the Hospital.

Cigniti Technologies, the world’s leading independent Quality Engineering and Software Testing services company, partnered with the Nirmaan Organization to provide medical equipment to the ICU ward of Belagavi Institute of Medical Sciences (BIMS) in the Belagavi district of Karnataka. Cigniti donated ECG machines, oxygen cylinders, X-ray machines, air conditioners for the ICU ward, computers for the hospital staff, crash carts, ICU medical trolleys, surgical trolleys, suction apparatus, NIV masks, and other medical equipment to the hospital to support India's fight against COVID-19.

"As a socially responsible organization, we’re committed to supporting India's recovery from the COVID-19 second wave. We are happy to be a part of this project to improve Karnataka's medical infrastructure, which will help rural residents get better healthcare during and after the pandemic." Srikanth Chakkilam, Chief Executive Officer of Cigniti Technologies, stated on the occasion.

"We thank Cigniti and Nirmaan for supporting BIMS Belagavi with crucial ICU medical equipment. The much-needed oxygen cylinders and NIV masks will help the hospital supplement their oxygen supplies and prepare for future emergencies." Dr. Viveki, Director, BIMS.

Shri. Mayur Patnala, Founder and CEO of the implementation partner, Nirmaan Organization, thanked Srikanth Chakkilam, Dr. Viveki, and the District Collector for supporting the program.

About Cigniti: Cigniti Technologies Limited (NSE: CIGNITITEC, BSE: 534758), global leader in providing IP-led, strategic digital assurance, software quality engineering, testing and consulting services, is headquartered in Hyderabad, India, with offices in USA, U.K., UAE, Australia, Czech Republic and Singapore. Leading global enterprises including Fortune 500 & Global 2000, trust us to accelerate their digital transformation, continuously expand their digital horizons and assure their digital next. We bring the power of AI into Agile and DevOps and offer digital services encompassing intelligent automation, big data analytics, cloud migration assurance, 5G Assurance, Customer experience assurance and much more. Our IP, next-gen quality engineering platform, BlueSwan helps assure digital next by predicting and preventing unanticipated application failures, thereby assisting our clients in accelerating their adoption of digital.

About Nirmaan: Nirmaan is an NGO founded in 2005 by a group of BITS Pilani students with the goal of creating a knowledge-driven and economically empowered society. Nirmaan works in the areas of education, livelihood, and social leadership. In the last 16 years of their journey, Nirmaan has impacted 16 lakh lives of children, youth, women, and farmers across 15 states of India by partnering with 75+ corporate and government institutions.

During the COVID-19 pandemic, Nirmaan has supported many government hospitals and frontline health workers by donating ICU beds, isolation beds, ventilators, PPE kits, masks, sanitizers, ration, and livelihood kits, etc. So far, Nirmaan has helped 44 government hospitals in Telangana set up and upgrade ICU wards, as well as 20 government hospitals in Karnataka and 34 government hospitals in Andhra Pradesh with the help of corporate partners.

Access the full coverage here

Contact
Midhun Pingili, Director, Marketing | Midhun.pingili@cigniti.com | www.cigniti.com

Cigniti Technologies Q2FY22 Revenue

Consolidated Revenue Rs. 307.90 crores and Net Profit Rs. 22.17 Cr
Standalone Revenue Rs. 115.72 crores and Net Profit Rs. 9.62 Cr

Consolidated Financial Performance for Q2FY22 v/s Q2FY21 (Corresponding Year)

  • Revenue of Rs. 307.90 crore v/s. Rs. 221.20 crore [ 39.2%]
  • EBITDA of Rs.31.92 crore v/s. Rs. 44.21 crore
  • PAT of Rs. 22.17 crore v/s. Rs. 25.22 crore

Consolidated Financial Performance for Q2FY22 v/s Q1FY22 (Corresponding Quarter)

  • Revenue of Rs. 307.90 crore v/s. Rs. 264.36 crore [ 16.5%]
  • EBITDA of Rs. 31.92 crore v/s. Rs. 24.31 crore
  • PAT of Rs. 22.17 crore v/s. Rs. 20.42 crore
Consolidated Financial Performance for H1FY22 v/s H1FY21 (Corresponding Year)

  • Revenue of Rs. 572.26 crore v/s. Rs. 439.60 crore [ 30%]
  • EBITDA of Rs. 56.23 crore v/s. Rs. 80.27 crore
  • PAT of Rs. 42.59 crore v/s. Rs. 54.32 crore

Hyderabad/Mumbai, October 21, 2021: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended September 30, 2021.

The Company’s Consolidated Revenue from operations for the quarter under consideration grew by 16.5% to Rs. 307.90 crore as against Rs. 264.36 crore in Q1FY22.

The company’s Net Profit for Q2FY22 stood at Rs 22.17 crore as against Net Profit of Rs 20.42 crore in Q1FY22.

Reported EBIDTA for the September quarter was at Rs 31.92 crore and EBIDTA margin stood at 10.4%.

During the current quarter and six-month period ended September 30,2021, the Company has written off export incentives amounting to Rs. 9.74 crore pertaining to the financial year 2019-2020, pursuant to notification no. 29/2015-2020 dated September 23, 2021, issued by Ministry of Commerce & Industry. The Operational EBITDA margin would have been 13.5 percent if the export incentives had not been written off.

Other income includes net foreign exchange gain of Rs. 1.87 Cr. for the quarter ended September 30, 2021.

Management Commentary

Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “We are glad to deliver another quarter of robust numbers and we endeavor to achieve sustainable profitability through new offerings and solutions. I would like to extend my gratitude to the dedicated employees and to our clients for their constant support. The company is confident of growing at an augmented rate in the coming years.”

Highlights for the quarter ended September 30, 2021

  • Revenue from top 5 clients contributed approximately 20.5% of the Revenue
  • BFSI, Travel & Transport and Healthcare sectors contributed the most to the revenue for Q1FY22
  • Revenue split geographically: North America & Canada – 85%, UK & Europe – 9%, Rest of the World 6%.

About Cigniti Technologies Limited

Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 3,500+ experienced professionals are spread across US, UK, Canada, Australia, India, UAE, Singapore, Czech Republic and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

For further information, please contact:

Omkar Jalgaonkar / Raveena Shetty
Adfactors PR ltd
Mob: 9821080048 / 9870836138 / 9769539969
Email: omkar.jalgaonkar@adfactorspr.com
raveena.shetty@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Dallas, April 8, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Jayabrata Nag as their Vice President and Global Head of Partnership and Alliances, responsible for building strategic partnerships that contribute to the overall growth and expansion of the company.

Jayabrata comes with 22 years of experience as an accomplished partnership, strategy, marketing and business development leader with a proven track record in leading high-impact strategic initiatives across global markets. When engaging Fortune 500 enterprises as well as born-digital start-ups, he focuses on enterprise IT products and services addressing Digital transformations, Data and Analytics led competitive advantages, Hyperautomation benefits, experience enrichment through Conversational Computing with AI driven NLP, Cybersecurity, and Hybrid Cloud technologies. He has delivered strong consistent results for global IT leaders such as HCL Technologies and Infosys across multiple verticals including BFSI, Healthcare, Life Sciences, Media & Entertainment, Education, and other industries.

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Dallas, April 8, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Jayabrata Nag as their Vice President and Global Head of Partnership and Alliances, responsible for building strategic partnerships that contribute to the overall growth and expansion of the company.

Jayabrata comes with 22 years of experience as an accomplished partnership, strategy, marketing and business development leader with a proven track record in leading high-impact strategic initiatives across global markets. When engaging Fortune 500 enterprises as well as born-digital start-ups, he focuses on enterprise IT products and services addressing Digital transformations, Data and Analytics led competitive advantages, Hyperautomation benefits, experience enrichment through Conversational Computing with AI driven NLP, Cybersecurity, and Hybrid Cloud technologies. He has delivered strong consistent results for global IT leaders such as HCL Technologies and Infosys across multiple verticals including BFSI, Healthcare, Life Sciences, Media & Entertainment, Education, and other industries.

Announcing on Jayabrata’s appointment, Srikanth Chakkilam, CEO at Cigniti said, “at Cigniti, we have been working with several leading tool vendors to offer better solutions to our clients. The hiring of Jayabrata is a strategic one as we aim to institutionalize the partnerships with these vendors that would help exponential business growth. We have also identified few business partners based on growth and long-term strategy of the company to generate revenue through these channels by building capability and GTM plans.”

Jayabrata holds an MBA in Marketing from IMI, New Delhi, India.

About Cigniti: Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,700+ experienced professionals are spread across US, UK, Canada, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

Contact: Midhun.pingili@cigniti.com

Cigniti signs up as a Medecision Liberation Strategic Partner

Cigniti signs up as a Medecision Liberation Strategic Partner

Dallas, January 20, 2021: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a Liberation Strategic Partner with Medecision, an integrated health management company supporting virtual care and digital health for more than 50 million healthcare consumers. Through Medecision’s partnership program, Cigniti is able to showcase their brand among many of the most respected leaders and enterprises in healthcare today.

Speaking on this occasion, Pradeep Govindasamy, President and CTO of Cigniti, asserted, “We are excited to start our association with Medecision as a Liberation Strategic Partner, especially during the pandemic when the need to digitally transform the healthcare sector has become a compulsion, rather than a choice.  The adoption of next-gen technologies, big data analytics and business intelligence is helping virtual health achieve its goal of revolutionizing healthcare delivery by making processes more efficient and cost-effective. Cigniti’s quality engineering approach and robust next-gen testing services will help our healthcare customers achieve a seamless experience. Our rich expertise and dedicated centers of excellence (CoEs) for healthcare and life sciences software testing helps address vulnerabilities and implement guidelines and best practices to ensure compliance.”

Cigniti signs up as a Medecision Liberation Strategic Partner

Dallas, January 20, 2021: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a Liberation Strategic Partner with Medecision, an integrated health management company supporting virtual care and digital health for more than 50 million healthcare consumers. Through Medecision’s partnership program, Cigniti is able to showcase their brand among many of the most respected leaders and enterprises in healthcare today.

Speaking on this occasion, Pradeep Govindasamy, President and CTO of Cigniti, asserted, “We are excited to start our association with Medecision as a Liberation Strategic Partner, especially during the pandemic when the need to digitally transform the healthcare sector has become a compulsion, rather than a choice.  The adoption of next-gen technologies, big data analytics and business intelligence is helping virtual health achieve its goal of revolutionizing healthcare delivery by making processes more efficient and cost-effective. Cigniti’s quality engineering approach and robust next-gen testing services will help our healthcare customers achieve a seamless experience. Our rich expertise and dedicated centers of excellence (CoEs) for healthcare and life sciences software testing helps address vulnerabilities and implement guidelines and best practices to ensure compliance.”

Rick Koloski, Group Senior Vice President, Chief Architect, Engineering, Architecture & IT Operations at Medecision, said, “Cigniti provides Medecision with comprehensive quality assurance and software testing, ensuring that our customers are using solutions that have been thoroughly tested and will make them as successful as possible. We are pleased to welcome Cigniti as a Liberation Strategic Partner and highlight their quality work.”

Medecision Liberation Strategic Partners are industry leaders that offer exceptional value through their solutions and services. This approach to connecting top companies with leading health plan and care delivery organizations helps ensure engagement on a broad spectrum across enterprises in the healthcare sector.

About Cigniti: Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across the US, UK, Canada, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organisations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality EngineeringAdvisory & TransformationDigital Assurance, and Quality Assurance solutions.

About Medecision: Medecision liberates healthcare with a tech-first, care next approach to virtual care and digital health. Aerial™, our robust, SaaS-based integrated health management platform, uses the power of consumer care intelligence to define next-best actions and send them via social-mobile and business workflow systems to the consumer, his or her family and care team members. Our Aveus division brings strategic and execution clarity to clients who are transforming to new levels of business performance. At Medecision, we power the systems that power care.

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Contacts
Midhun Pingili, midhun.pingili@cigniti.com

Cigniti Technologies is now a proud Underwriter of PhillyCIO

PHILADELPHIA - (BUSINESS WIRE) - Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of PhillyCIO, a local arm of the InspireCIO Leadership Network. Together, they regularly convene leading CIOs, foster meaningful relationships and help CIOs thrive in today’s most challenging C-suite executive role.

As an Underwriter of PhillyCIO , Cigniti would be part of InspireCIO programs such as CIO Philadelphia Advisory Board Meetings, PhillyCIO Awards Nominee Event, PhillyCIO Awards Finalist Event, CIO Only Programs, CIO Wine Experience, and Philadelphia CIO of the Year ORBIE Awards and for the promotions purposes by leveraging the key resources to support the expansion.

Speaking on this association, Kalyan Rao Konda, President at Cigniti Technologies, said, “We are excited to be part of this association which brings together the CIOs across industries of Philadelphia. This association would help understand from the CIOs themselves the innovation and technology trends. This platform provides an opportunity for Cigniti to share the latest innovation and best practices related to Quality Engineering.”

Jen Wise, Executive Director of PhillyCIO, said, “We are thrilled to have Cigniti joining PhillyCIO as an Underwriter of the chapter. As an Underwriter, Cigniti will play an essential role in helping to connect local CIOs with their peers through year-round, non-commercial chapter programs and recognizing deserving Philadelphia-based CIOs through the annual PhillyCIO of the Year ORBIE Awards. Cigniti’s support of these programs provides ongoing opportunities to foster relationships among top CIOs. We look forward to working together to serve and celebrate the PhillyCIO community.”

InspireCIO programs are made possible through the corporate support of strategic partners known as Underwriters. These organizations represent the highest-level investors in local chapters and the senior executives of Underwriter organizations are regarded as peers by the CIOs serving on Advisory board of Philadelphia.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across US, Canada, UK, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

About PhillyCIO
PhillyCIO is the preeminent peer leadership network for Philadelphia chief information officers. PhillyCIO membership is comprised exclusively of CIOs (or equivalent executive roles) from public and private companies, government, education, healthcare and non-profit organizations.

PhillyCIO is led by a CIO Advisory Board which sets the annual program agenda for the association. Events are facilitated by a full-time Executive Director and professional staff. PhillyCIO events are CIO-led and attended solely by CIO-level executives.

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Contacts
Midhun Pingili, Midhun.pingili@cigniti.com

Toyota Motor Corporation Australia Selects Cigniti Technologies as a Strategic Quality Engineering Partner

MELBOURNE, Australia - (BUSINESS WIRE) - Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Quality Engineering panel vendor for Toyota Motor Corporation Australia (TMCA), a subsidiary of Toyota Motor Corporation, to help accelerate its Quality & Digital transformation journey over the next 3 years.

Speaking on the occasion, Srikanth Chakkilam, CEO at Cigniti Technologies, said: “It is exciting and a proud moment for all of us at Cigniti to serve a leading automobile company. In this IOT enabled future of connected and autonomous vehicles, Technology will disrupt the entire automobile value chain. Software is going to greatly influence the future of the automobile industry. Digital transformation in the automobile industry will take place in the future across the value chain from the connected supply chain and manufacturing, to providing a virtual experience in the car buying process, Car Mobility as a Service, and autonomous driving. It is very important to ensure that high quality software will enhance the customer experience.”

Cigniti has been working with Toyota Australia since 2017. This new agreement with Cigniti will assist Toyota in increasing its automation cadence by achieving test automation and non-functional testing goals across multiple digital platforms.

Cigniti Australia has enabled over 80 organisations from Airlines, Government agencies, Banking and Financial Services, Insurance, Healthcare, Energy & Utilities and Manufacturing sectors in their software testing and quality assurance transformation journey in the past 6 years.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across Australia, UK, US, Canada, India, UAE and South Africa. We are a strategic quality engineering partner for leading global organisations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions. Cigniti is the world’s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2015 & ISO 27001:2013 certified.

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Contacts
Mr. Midhun Pingili
midhun.pingili@cigniti.com

Cigniti Technologies is now a proud Underwriter of HoustonCIO

Houston, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of HoustonCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Houston IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Houston to a single platform.

As an Underwriter of HoustonCIO association, Cigniti would be a part of the Inspire CIO programs such as HoustonCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Houston CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

Speaking on this association, Pradeep Govindasamy, President & CTO at Cigniti Technologies, said, “We are excited to be a part of this association with HoustonCIO, which brings together the CIOs across industries of Houston. This association would not only help understand the CIOs’ perspective about innovation, technology trends and the best practices being implemented across the verticals, but will also help the IT community of Houston to learn about the new generation technology leaders and their contributions via a vast leadership network on a single platform."

InspireCIO programs are made possible through the corporate support of strategic partners known as Underwriters. These organizations represent the highest-level investors in local chapters and the senior executives of Underwriter organizations are regarded as peers by the CIOs serving on the HoustonCIO Advisory Board.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across Australia, UK, US, Canada, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation.

About the Houston CIO Leadership Association:
HoustonCIO is the preeminent professional association for Houston chief information officers. It is a peer-based approach to helping CIOs maximize their leadership effectiveness, create value, reduce risk and share success. Our membership is comprised exclusively of CIOs (or equivalent executive roles) from public and private companies, government, education, healthcare and non-profit organizations.

For further details, please contact: Midhun.pingili@cigniti.com

Cigniti Technologies is now a proud Underwriter of CharlotteCIO

Charlotte, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of CharlotteCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Charlotte IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Charlotte to a single platform.

As an Underwriter of CharlotteCIO, Cigniti would be a part of the InspireCIO programs such as CharlotteCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Charlotte CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

Speaking on this association, Pradeep Govindasamy, President & CTO at Cigniti Technologies, said, “We are excited to be a part of this association with CharlotteCIO, which brings together the CIOs across industries of Charlotte. This association would not only help understand the CIOs’ perspective about innovation, technology trends and the best practices being implemented across the verticals, but will also help the IT community of Charlotte to learn about the new generation technology leaders and their contributions via a vast leadership network on a single platform."

InspireCIO programs are made possible through the corporate support of strategic partners known as Underwriters. These organizations represent the highest-level investors in local chapters and the senior executives of Underwriter organizations are regarded as peers by the CIOs serving on the CharlotteCIO Advisory Board.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across US, Canada, Australia, UK, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings include QE, Advisory & Transformation, Digital Assurance, and QA solutions.

About CharlotteCIO:
CharlotteCIO is the preeminent professional association for Charlotte chief information officers. It is a peer-based approach to helping CIOs maximize their leadership effectiveness, create value, reduce risk and share success. Our membership is comprised exclusively of CIOs (or equivalent executive roles) from public and private companies, government, education, healthcare and non-profit organizations.

For further details, please contact: Midhun.pingili@cigniti.com