Press Releases

Dallas, Aug 1, 2024: Cigniti Technologies Limited, a Coforge company, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services provider, today announced that it has been positioned as a Leader in the Quadrant Knowledge Solutions Spark Matrix™: Digital Banking Services, Q3 2024. Last year, Cigniti was positioned as a Strong Contender in the same report.

Achieving the Leader position within a year is a testament to Cigniti’s substantial progress made through strategic enhancements and the collaborative efforts of the talented team. This recognition reinforces the company's position as a front-runner in the digital banking landscape, committed to continuous improvement and excellence.

The report highlights Cigniti's strengths in collaborating with partners for AI and ML-driven digital lending and risk management solutions that enhance loan origination, credit decision-making, and operational efficiency.

Cigniti's BlueSwan™ platform component, Velocita, offers advanced testing and automation for BFSI applications with configurable RPA frameworks. Additionally, Cigniti’s ISO 20022 migration services enable faster digital payments integration, fraud prevention, and improved automation analytics.

“This milestone underscores our capabilities in the digital banking sector and our focus on leveraging cutting-edge technologies to drive value for our clients. Our journey from being a Strong Contender to a Leader in the Spark Matrix™ is a significant accomplishment that motivates us to continue innovating and enhancing our service offerings. Our team’s dedication to delivering excellence and our strategic partnerships have played a crucial role in this achievement. We will continue to push the boundaries to ensure that our clients receive the best possible solutions to meet their digital banking needs,” said Sairam Vedam, CMO, Cigniti Technologies.

For media inquiries, contact: mediarelations@cigniti.com

About Cigniti:

Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758), a Coforge company, is the world’s leading AI & IP-led Digital Assurance and Digital Engineering services provider. Headquartered in Hyderabad, India, Cigniti’s 4200+ employees help Fortune 500 & Global 2000 enterprises across 25 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.

Learn more about Cigniti at www.cigniti.com and about Coforge at www.coforge.com.

Dallas, TX, July 30, 2024: Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, today announced it is a technology alliance partner with UiPath, a leading enterprise automation and AI software company. This strategic collaboration aims to leverage the strengths of both organizations to deliver unparalleled automation solutions to clients.

QA QC competency
By integrating enterprise automation, hyper-automation, and cognitive automation, Cigniti Technologies is enhancing customer experience, optimizing costs, and driving efficiency. As a UiPath partner, Cigniti helps ensure streamlined operations, reduced manual effort, and reliable, efficient results tailored to industry-specific needs for its customers. Cigniti’s extensive expertise in Digital Engineering, combined with a proven track record of implementing the cutting-edge UiPath enterprise automation and AI platform, positions the company to deliver comprehensive automation strategies. This partnership drives digital transformation and operational excellence across various industries.

The UiPath Business Automation Platform offers end-to-end automation for business processes. There are four key factors that business leaders seeking to embed AI in their automation program must keep top of mind: business context, AI model flexibility, actionability, and trust. The new AI features of the UiPath Platform address these key areas to ensure customers are equipped with the tools necessary to enhance the performance and accuracy of GenAI models and tools and more easily tackle diverse business challenges with AI and automation. This enables more sophisticated automation with AI capabilities such as document understanding and intelligent document processing and provides sophisticated analytics to measure the business impact of automation.

This pervasive automation-first approach is proven to be both substantial and transformative. It allows everyone – from automation developers and testers to citizen developers and business end-users – to collaborate and put automation squarely at the core of everyday work.

By integrating Cigniti's Intelligent Automation Services with the UiPath Business Automation Platform, businesses gain improved efficiency, accuracy, and scalability, and reduced operational costs, empowering them to stay competitive in a rapidly evolving market.

Speaking about the partnership, Sairamprabhu Vedam, Chief Marketing Officer of Cigniti Technologies, said, "We are thrilled to announce our technology alliance partnership with UiPath. By combining our expertise in AI and IP-led digital assurance and engineering services with UiPath's leading enterprise automation and AI technology, we are poised to revolutionize the automation landscape. This collaboration enables us to enhance our automation solutions and deliver unparalleled efficiency, innovation, and value to our clients, driving transformative outcomes in their digital journeys. Being a UiPath partner is indicative of our advanced delivery skills and demonstrated success in real-world customer projects. We are excited about the opportunities this collaboration brings and look forward to a successful journey together."

For media inquiries, contact: mediarelations@cigniti.com.

About Cigniti Technologies
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758), a Coforge company, is the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company. Headquartered in Hyderabad, India, Cigniti’s 4200+ employees help Fortune 500 & Global 2000 enterprises across 25 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.

Learn more about Cigniti at www.cigniti.com about Coforge at www.coforge.com.

Cigniti is the world’s leading AI & IP-led Digital Assurance and Engineering services company that helps global companies across industries continuously accelerate their Digital Transformation and become Digital-First. Cigniti has been appraised at Maturity Level 5 of the CMMI® Development & Services V3.0, this significant milestone reinforces Cigniti’s commitment towards excellence and sets new standards in the field of Digital Assurance & Digital Engineering.

The Capability Maturity Model Integration (CMMI) is a proven, outcome-based performance model and the globally accepted standard for improving capability, optimizing business performance and aligning operations to business goals. An appraisal at Maturity Level 5 indicates that the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes.

Mr. Rajarshi Kumar Das, the CMMI Institute Certified High Maturity Lead Appraiser, performed the appraisal using the latest version of CMMI Model V3.0; The Benchmark appraisal evaluated various aspects of Cigniti’s Digital Assurance and Engineering services.

Acknowledging the achievement, Srikanth Chakkilam, CEO of Cigniti, said, “We are happy to have achieved the CMMI Development V3.0 Maturity Level 5 appraisal for Digital Assurance and Engineering services. It lays a strong path to help increase the confidence of our customers in our ability to offer world-class digital engineering services on top of our existing market leading digital assurance services. We remain committed to leveraging our standardized processes and industry best practices to drive exceptional value for our clients and fuel our continued success. This is a firm step towards marching ahead in achieving our stated goals of growth and being a preferred partner of choice in helping customers accelerate their digital journeys.”

“This certification is a testament to our internal processes and reflects our dedication to meeting and exceeding client expectations. The CMMI Development & Services V3.0 Maturity Level 5 certification benefits our clients by assuring them of our commitment to quality. It provides a more systematic, innovative, robust project management framework and risk-aware approach to project delivery. This certificate also serves as tangible proof of our competence to consistently deliver excellence, empowering our clients with the assurance that they are partnering with a trusted organization for their digital engineering requirements,” said Raghuram Krovvidy, Chief Delivery Officer, Cigniti Technologies.

For media inquiries, contact: mediarelations@cigniti.com

About Cigniti Technologies:
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 & Global 2000 enterprises across 25 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, Singapore, and Costa Rica. To know more about Cigniti, visit: www.cigniti.com

Dallas, April 30, 2024: Cigniti's AI-driven analytics expertise has enabled global companies to achieve production-ready solutions and enhanced business outcomes, leveraging its IP-led platforms - BlueSwan™ and Zastra.

Cigniti provides end-to-end AI/ML project services, including consulting, strategy, development, testing, deployment, and management. Their capabilities cover AI strategy, ML testing, model building, cognitive services, and deep learning. Responsible AI/ML interventions have become essential for organizations, driving improved experience and efficiency.

Specializing in personalized AI implementations, Cigniti's in-house AI/ML experts ensure timely project delivery. Their AI/ML validation platform rigorously assesses model performance, while their proficiency in explainable AI addresses challenges and fosters transparency. Moreover, Cigniti's annotation workflow platform, Zastra™, streamlines data annotation efforts and facilitates collaboration. These collective capabilities drive enhanced experiences and operational efficiency for Cigniti’s esteemed Global 2000 and Fortune 500 clients.

Cigniti’s AI-enabled predictive analytics and enterprise intelligence services for three of its clients – (i) for a Non-Profit Organization in enhancing a decision support system, (ii) for an HVAC Manufacturer in implementing digital fingerprint, and (iii) for a leading Caribbean Bank in conducting model validation, were included alongside a select group of 19 case studies in IDC’s Case Study compendium “Enterprise Intelligence Services Case Studies: AI-Enabled Analytics, # US50082223, Jan 2024”

Commenting on this, Srikanth Chakkilam, CEO of Cigniti Technologies, stated, “We believe the independent industry analyst firm’s Future of Enterprise Intelligence research underscores the pivotal role of AI/ML interventions in enhancing organizational efficiency and experiences. I am happy to see our AI/ML expertise delivered across three industries has been recognized and featured by the analyst firm. At Cigniti, our specialized offerings include AI strategy, ML testing, model building, cognitive services, and deep learning, ensuring timely delivery and impactful outcomes for our clients. Moreover, we're actively advancing our Gen AI capabilities and developing platforms, enabling global clients to harness the potential of AI and win the digital landscape.”

Sairam Vedam, CMO of Cigniti Technologies, added, “Cigniti, as a leading player in the AI & IP-led Digital Engineering and Digital Assurance services, is keenly attuned to the transformative power of AI, as we believe is emphasized by independent analyst firm’s Future of Enterprise Intelligence research. Our commitment to innovation and adaptability drives us to provide cutting-edge AI/ML and predictive analytics solutions, empowering organizations to thrive in an ever-evolving market. As we continue to leverage AI to optimize operations, enhance customer experiences, and stay ahead of the curve, we remain steadfast in our mission to drive digital transformation and excellence to all our global clients across industries.”

Access the report here for detailed case studies and more information.

About Cigniti Technologies
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 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across 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, UK, and UAE.

Dallas, April 16, 2024: Cigniti Technologies, a global leader in AI & IP-led Digital Assurance and Digital Engineering services, has been acknowledged in the latest HFS Horizon report titled "Assuring the Generative Enterprise™, 2024". The report highlights Cigniti's commitment to quality assurance and investment in AI capabilities, positioning the company as a key player in enabling clients to maximize automation and operationalize GenAI within their software delivery lifecycles.

According to the report, Cigniti's value proposition lies in its flexible approach to delivering QA services, prioritizing outcomes-based solutions tailored to unique client needs. Through its BlueSwan platform, Cigniti embeds AI and automation across eight core components, enhancing testing procedures and automation efficiency. With a focus on assuring change agents, such as FDA compliance in the MedTech industry, Cigniti drives tangible outcomes, exemplified by a fourfold increase in release velocity and 85% automation coverage for a major US airline. Its industry-agnostic approach is showcased through successful QA implementations across retail, travel, healthcare, banking, financial services, and insurance sectors.

Tom Reuner, Executive Research Leader, HFS Research, says, "Leveraging its heritage in Quality Assurance, Cigniti continues to invest in AI capabilities to enable its clients to maximize the level of automation on their respective journeys toward putting quality at the center of the software delivery lifecycle and operationalizing GenAI."

Srikanth Chakkilam, CEO of Cigniti Technologies, remarked, "This recognition from HFS validates our relentless pursuit of excellence in Quality Assurance and AI-driven innovation. At Cigniti, we are committed to empowering enterprises to embrace digital transformation with confidence, and this acknowledgment underscores our dedication to advancing the forefront of technology."

Sairam Vedam, CMO of Cigniti Technologies, emphasized, "Cigniti's inclusion in the HFS Horizon report reinforces our position as a trusted partner for organizations seeking to enhance their digital capabilities through software quality as a strategic enabler. We are proud to contribute to the evolution of the generative enterprise by harnessing the power of AI led automation and digital assurance to drive tangible business outcomes."

Cigniti Technologies continues to lead the industry with its AI-driven approach, enabling clients to navigate complex digital landscapes with agility and innovation.

Access the full report here for more information.

For media inquiries, contact: mediarelations@cigniti.com

About Cigniti Technologies:
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 & Global 2000 enterprises across 25 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, Singapore, and Costa Rica. To know more about Cigniti, visit: www.cigniti.com

Dallas, April 5 2024: Cigniti Technologies, a global leader in AI & IP-led Digital Assurance and Digital Engineering services, is proud to announce that it has been positioned as a Challenger in The Forrester Wave™: Computer Vision Tools, Q1 2024. Cigniti believes this recognition places Cigniti among industry giants such as Google, AWS, and other leading platform companies that have been pioneering advancements in AI and Computer Vision.

The Forrester report states that Cigniti offers good annotation capabilities. In summary, the report says that Cigniti aims to redefine data annotation by integrating active learning and generative AI (genAI) technologies, which it plans to achieve through its Zastra CV platform. This platform is intended to set new standards for data annotation and support broader computer vision application development. Cigniti's current roadmap focuses on enhancing annotation-related features, including lidar point data annotation, synthetic data creation, and active learning audio annotation. Additionally, Zastra’s strength lies in data management, encompassing data collection, annotation, and anomaly avoidance. Forrester notes that Cigniti is a good match for clients seeking a data annotation accelerator with some CV platform capabilities or for leveraging Cigniti’s broader suite of services.

Srikanth Chakkilam, Chief Executive Officer at Cigniti, “Our positioning as a Challenger in the Forrester Wave™ reinforces for us our commitment to pushing the boundaries of technology. By integrating active learning and genAI technologies into our solutions, we aim to set new standards in data annotation and computer vision applications. This acknowledgment fuels our drive to innovate and enhances our dedication to providing solutions that empower our clients and transform the industry.”

Sairam Vedam, Chief Marketing Officer at Cigniti, “This recognition by Forrester is a significant milestone for us. We believe being positioned as a Challenger in this highly competitive evaluation is a testament to our unwavering commitment to excellence, innovation, and our relentless pursuit of delivering top-notch solutions in the field of computer vision. In our opinion, it validates our strategic direction and the innovative efforts we are putting into developing the Zastra CV platform. Our goal is to continuously redefine data annotation standards by leveraging active learning and GenAI technologies. We are committed to making substantial contributions to the field of computer vision and delivering exceptional value to our clients.”

Cigniti's recognition in The Forrester Wave™ is not just an achievement; we feel it is a catalyst for us to continue pushing the envelope in the Gen AI, AI, and computer vision domains. As we move forward, we remain dedicated to delivering innovative solutions that meet the evolving needs of our clients and drive the future of technology.

For media inquiries, contact: mediarelations@cigniti.com

About Cigniti Technologies:
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 & Global 2000 enterprises across 25 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, Singapore, and Costa Rica. To know more about Cigniti, visit: www.cigniti.com

Dallas, 19^th March: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, has been recognized as the winner of its “Top Regional Partner Award” in the North America region by Katalon, the leading provider of the most modern, comprehensive software quality management platform. This award honors the partner who significantly impacted Katalon’s business in North America in 2023.

Paul Kizakevich, President, GTM and CRO at Katalon, expressed his thoughts on this noteworthy achievement: "Cigniti, providing digital assurance and quality engineering, has a strong reputation for delivering measurable results to their clients. Throughout 2023, our increased collaboration in North drove software testing modernization initiatives at many notable customers. Looking ahead in 2024, we are eager to continue nurturing and expanding our partnership with Cigniti."

On receiving this award, Cigniti’s Chief Revenue Officer, Vinay Rawat, remarked, “Cigniti is honored to receive the Top Regional Partner award for the second consecutive time. This recognition underscores our unwavering commitment to delivering unparalleled digital assurance and quality engineering services. Our collaboration with Katalon has been a testament to the power of synergistic partnerships, and we are thrilled to have contributed to the momentum in North America through joint marketing initiatives. As we look forward to 2024, we are excited about further nurturing and expanding our partnership with Katalon”.

This accolade reinforces Cigniti’s commitment to delivering exceptional digital solutions and highlights the success of its collaborative efforts with Katalon in driving innovation and excellence in digital assurance.

About Cigniti Technologies
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 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across 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, UK, UAE, Australia, South Africa, the Czech Republic, Costa Rica and Singapore. To learn more, visit www.cigniti.com.

About Katalon
Katalon is a comprehensive, AI-augmented software quality management platform that enables quality assurance, DevOps and software teams of any size to deliver world-class customer experiences faster, easier, and more efficiently. The platform accelerates end-to-end software development by powering the authoring, execution, and insights of test automation across any app or environment, and flexibly integrates across a team's architecture and processes. Founded in 2016 and servicing customers in over 80 countries, Katalon is headquartered in Atlanta, Georgia. For more info about Katalon, please visit katalon.com.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | mediarelations@cigniti.com

Consolidated Revenue Rs. 468.02 crores and Net Profit Rs.48.04 Cr
Standalone Revenue Rs. 202.86 crores and Net Profit Rs. 29.50 Cr

Consolidated Financial Performance for Q3YF24 v/s Q3FY23 (Corresponding Year)

• Revenue of 468.02 crore v/s. Rs. 427.99 crore [9.4%]
• Reported EBITDA of 64.57 crore v/s. Rs. 64.02 crore [0.9%]
• PAT of 48.04 crore v/s. Rs. 46.55 crore [3.2%]

Consolidated Financial Performance for Q3FY24 v/s Q2FY24 (Sequential Quarter)

• Revenue of 468.02 crore v/s. Rs. 451.83 crore [3.6%]
• EBITDA reported of 64.57 crore v/s. Rs. 64.83 crore [-0.4%]
• PAT of 48.04 crore v/s. Rs. 45.86 crore [4.8%]

Consolidated Financial Performance for 9M FY24 v/s 9M FY23 (Corresponding Quarter)

• Revenue of 1,359.37 crore v/s. Rs. 1,222.61 crore [11.2%]
• EBITDA reported of 191.46 crore v/s. Rs. 169.33 crore [13.1%]
• PAT of 138.46 crore v/s. Rs. 119.08 crore [16.3%]

Hyderabad, February 6th, 2024: Cigniti Technologies Limited, world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, announced the consolidated financial results for the quarter ended December 31, 2023.

For the quarter under consideration, the company's consolidated revenue from operations stood at Rs. 468.02 crore as against Rs. 451.83 crore in Q2FY24.

EBIDTA margin for the quarter ending on December 31, 2023 stood at Rs. 64.57 crore as against Rs. 64.83 crore in Q2FY24.

Profit After Tax incurred by the company for the quarter ending on December 31, 2023 stood at Rs. 48.04 crore as against Rs. 45.86 crore in Q2FY24.

Commenting on the results, Mr. Srikanth Chakkilam, Chief Executive Officer, "Closing the third quarter of FY24 on a strong note, Cigniti Technologies has showcased resilience and growth amidst industry challenges. Our sequential revenue growth underscores the efficacy of our robust business practices and the steadfast execution of our strategies. The company won six new clients, made significant progress in generating opportunities for Digital Engineering services in existing accounts, and our pipeline for the rest of the year also looks robust.”

Highlights for the quarter ended December 31, 2023:

• Revenue from the top 5 clients contributed approximately 27.31% of the Revenue.
• BFSI, Retail & e-commerce and Travel, Transport & Hospitality sectors contributed in a major way to the revenue for Q3FY24.
• Revenue splits geographically: North America & Canada – 83.35%, UK & Europe – 8.41%, Rest of the World – 8.24%.

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. 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.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

Hyderabad, 29^th Dec: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company inaugurated a new Offshore Delivery Centre (ODC) in the International Tech Park, Hyderabad. The facility was inaugurated by Mr. C V Subramanyam, Chairman, and Mr. Srikanth Chakkilam, CEO of Cigniti.

The newly inaugurated office space of around 40,000 sq. ft accommodates 400 professionals adding to the current 2 lakh sq. ft. The ODC is equipped with two state-of-the-art training centers that foster continuous learning and innovation. In the near future, Cigniti plans to add a digital experience center in the newly inaugurated facility.

Speaking on the occasion, Mr. Srikanth Chakkilam, CEO of Cigniti Technologies stated, "As we step into a new year, the inauguration of our ODC symbolizes the beginning of a chapter filled with possibilities and opportunities. This expansion not only amplifies our capabilities but also underscores our commitment to providing a world-class work environment for our employees. With additional space, advanced facilities, and enhanced infrastructure, we are poised to elevate the employee experience, fostering collaboration and innovation."

About Cigniti Technologies
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 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across 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, UK, UAE, Australia, South Africa, the Czech Republic, and Singapore. To learn more, visit www.cigniti.com.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | mediarelations@cigniti.com

Dallas, 06^th Dec: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company is positioned as a Major Player in IDC MarketScape: Worldwide Software Engineering Services 2023 Vendor Assessment (doc #US51330523, November 2023).

The IDC MarketScape study states that enterprises are increasingly partnering with software engineering services providers as software continues to permeate every aspect of product and operations transformation. Every stage of the software product or platform development life cycle is getting modernized by leveraging cloud, generative AI/ML (machine learning), analytics, and new software methodologies such as Agile, microservices, continuous integration/continuous delivery (CI/CD), docker, Kubernetes, and containerization.

According to the report, “Cigniti’s customers rated the company highly for its innovative services delivery and its ability to communicate the value of its software engineering services and how it positively impacts their business. IDC rated Cigniti highly for its strategy to strengthen its services across each ISV, software platforms, and custom software product development services capabilities. Cigniti’s customers were appreciative of its ability to offer the full life cycle of services, which included business problem understanding, design thinking, and software engineering services.”

According to the author Mukesh Dialani, Research VP, Digital Engineering and OT Services at IDC, “Customers expect the provider to bring talent that demonstrates high quality of skills, insights, and knowledge for software engineering, how the partner helps them achieve the desired business priorities and KPI’s (key performance indicators), security and governance skills, capability related to data, analytics and cloud for software engineering and finally their flexibility in pricing and contracting models. Those providers that excel in these leading customer expectations will see higher growth in their software engineering services business.”

Commenting on this recognition, Srikanth Chakkilam, CEO of Cigniti Technologies, stated, "We believe this acknowledgment from the IDC MarketScape reflects the trust our customers place in us and also our ability to positively impact their businesses throughout the entire software development life cycle. Having helped numerous Fortune 500 and Global 2000 companies in assuring digital experiences to their end customers in the Quality Engineering space, this recognition strengthens our capacity of up-selling and cross-selling our Software Engineering capabilities.”

Sairam Vedam, CMO of Cigniti Technologies, added, “We believe Cigniti stands at the forefront of the digital evolution and this recognition from the IDC MarketScape further strengthens our foray into Digital Engineering Services, as we continue to provide innovative solutions and pushing the boundaries of excellence in the ever-evolving landscape of software development and technology integration."

For more information about Cigniti's recognition as a Major Player in the IDC MarketScape report, access the report here.

About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Cigniti Technologies
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 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across 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, UK, UAE,

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

Dallas, 31^st Oct: Hyderabad Software Enterprises Association (HYSEA) and Montgomery County, Maryland has signed an MoU, announcing the strategic partnership in nurturing the startup and innovation ecosystem in both Montgomery County, Maryland and Hyderabad, India. Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company played an instrumental role in bringing both the bodies in signing the MoU.

This partnership would facilitate interactions among startups, corporations, academic institutions, and other stakeholders in these two growing regions, to fortify the business ecosystems and enhance business growth support resources available to enterprises in both countries.

The MoU between Montgomery County and HYSEA has been signed in the presence of Mr. C V Subramanyam (Chairman & MD, Cigniti);  Mr. Marc Elrich (County Executive, Montgomery County), Ms. Manisha Saboo (President, HYSEA), Mr. Pavan Bezwada (Commissioner, Maryland Governors Commission on South Asian American Affairs); Sairam Vedam (Chief Marketing Officer, Cigniti) along with other Cigniti and HYSEA leaders.

The event was attended by 60+ delegates focused on Software and IT services, and advanced digital technologies (i.e., AI, IoT, satellite, MedTech, hospitality tech, robotics) to explore opportunities for technology collaboration and local economic growth.

About HYSEA
HYSEA is a unique industry initiative and a non-profit organization that strives to bring together the various IT and ITeS Organizations in Telangana under one umbrella to network, share knowledge and work closely with the Government and other industry stakeholders to expand into new areas of business, social development and economic prosperity of the state.

The association is 30 years old and has more than 300+ registered members, representing nearly 90% of Telangana’s IT/ITeS industry revenue and employee headcount. HYSEA member list includes a judicious mix of Large, Medium and Small, Indian and MNC companies such as Infosys, Intel, Micron, Wipro, Cognizant, TCS, Tech Mahindra, Capgemini, Deloitte, Cigniti Technologies,  Qualcomm, Microsoft, HSBC, ZF, WellsFargo, State Street, Google, Firstsource, Broadridge, Chubb, Infor, Micron, Valuemomentum, OpenText, ValueLabs, Synchrony, ZenQ, Innominds, Invenio, OSI Digital, Informatica, EnergyTech Global, TechEra IT Consulting and more from the Software Services, BPO, and Product segments.

About Montgomery County
Montgomery County, the largest jurisdiction in Maryland, USA, is among the most diverse and highly educated communities in the United States and has many citizens with families in India. The County is in the center of the 3^rd largest bio health cluster and 4^th largest technology talent pool in America. Adjacent to Washington, DC, this County also is home to numerous U.S. federal agencies (including the National Institutes of Health, the Food and Drug Administration, the National Institutes of Standards and Technology, and the National Cybersecurity Center of Excellence), and many advanced technology (i.e., IT, IoT, satellite, MedTech, hospitality tech, robotics) businesses, private and nonprofit research organizations. It now also is home to a new University of Maryland Institute for Health Computing which will leverage AI for population health, precision medicine, and drug discovery.

About Cigniti Technologies
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 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across 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, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

26^th October, Hyderabad, India: Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, is honored to receive the ISG Case Study Standout Award in the Education category for its AI/ML decision-making predictive model work for Adelphoi, a leading non-profit organization based in the US.

ISG Case Study Standouts—an evolution of the ISG Digital Case Study Awards program—recognize the best-in-class work of service providers in collaboration with enterprise clients. Companies worldwide submitted their case studies, which underwent validation by the client organization and ISG digital researchers, resulting in a selection based on a comprehensive analysis of the real-world effects of digital transformation on the client's business and the distinctiveness of the provider's solutions.

Adelphoi is a non-profit organization that provides outcome-based solutions for neglected, delinquent, abused, and other at-risk children and their families, combining treatment and mental health services. Cigniti's case study recognition for Adelphoi is for its AI/ML decision-making predictive model that leveraged historical data to recommend the most suitable treatment program for each child, enhancing overall care and minimizing the percentage of 'return to care.'

"The accelerated adoption of digital technologies and business models was strongly evident in the case studies we received this year," said Paul Reynolds, ISG partner and chief research officer. "The Cigniti Technologies case study with Adelphoi is a standout example of how AI/ML can be a differentiator to accelerate product development and attain first-mover advantage in a new and unexplored market."

Commenting on this recognition, Srikanth Chakkilam, CEO of Cigniti Technologies, stated, "We are happy to receive the ISG Case Study Standout award for Cigniti's expertise in operationalizing data to build a reliable and validated model for Adelphoi. This case study is a classic example of leveraging Technology for Good. AI/ML is experiencing an unprecedented boom, transforming how businesses operate, and this recognition underscores Cigniti's position as the frontrunner in harnessing the power of AI/ML for tangible, real-world results. At Cigniti, we offer transformative solutions that bridge the gap between cutting-edge technology and real-world impact. This accolade reflects Cigniti's unwavering commitment to innovation and excellence in leveraging technology for positive change to all our global clients."

Mark Mortimer, COO of Adelphoi, commented, "We are thrilled to have collaborated with Cigniti Technologies on this ground-breaking project. Their dedication, expertise, and unwavering commitment to excellence have culminated in a transformative predictive analytics software model. This software will reduce treatment time and improve outcomes for countless youth in the child welfare and juvenile justice systems."

To read the case study, click here.

About Cigniti Technologies
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 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across 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, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

London, 5^th October: Cigniti Technologies Limited, the world’s leading AI & IP-led Digital Assurance and Digital Engineering Services company, has achieved the Trusted Information Security Assessment Exchange (TISAX) Label 2 Certification with Maturity Level 3 for its Digital Assurance and Quality Engineering Services in the India and Europe regions in the Automotive Industry.

TISAX is an association of leading German automakers and their top suppliers, aiming to safeguard intellectual property, ensure security, and uphold privacy regulations throughout the automotive supply chain. ENX, a renowned German association, issues this globally recognized certification.

Srikanth Chakkilam, CEO and Director, Cigniti Technologies Inc stated “ The automotive industry is one of the most targeted sectors for cyberattacks, with an average of 270 attacks per organization per day in 2022 according to recent reports. In light of these risks, it is more important than ever for automotive suppliers to implement robust cybersecurity measures. This recognition underscores our commitment to delivering the highest standards of quality and security in our Digital Assurance and Quality Engineering services to our global clients. At Cigniti, we remain committed to delivering excellence, and together with our clients, we will continue to drive innovation and secure success in an increasingly interconnected world.”

Commenting on the achievement, Cigniti’s Chief Delivery Officer, Raghu Krovvidy stated "As the automotive industry races towards a future defined by innovation and digital transformation, cybersecurity stands as the cornerstone of trust and reliability. The mandate for TISAX certification echoes the industry's commitment to safeguarding critical data and ensuring the resilience of our interconnected ecosystem. Cigniti’s achievement of the esteemed TISAX Label 2 Certification with Maturity Level 3 is a testament to our unwavering dedication to security excellence. This milestone propels us into the role of a trusted partner for manufacturers, OEMs, and global automotive clients, empowering them to accelerate their digital journeys with confidence and assurance."

About Cigniti Technologies:
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 & Global 2000 enterprises across 25 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, Singapore, and Costa Rica. To know more about Cigniti, visit: www.cigniti.com

For media inquiries, please contact:
Midhun Pingili
AVP – Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Dallas, 28 August 2023 - Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, has been recognized as a Contender in Digital Innovation Services and Managed Services categories in the US and Europe regions in the ISG Provider Lens™ Retail & CPG Services 2023 Study.

The study evaluates service providers based on their ability to address the unique challenges and opportunities faced by organizations within the Retail & CPG sector.

Philip Carnelley, Lead Analyst from ISG, said, "Cigniti’s capabilities in Digital Engineering and Digital Assurance make it a contender for large and medium-sized US and European Retail/CPG companies to consider for their digital innovation journeys. Notable capabilities include innovations in domain-specific use cases around Computer Vision, Robotics, and Data Engineering alongside considerable strength in Managed Services, especially in the testing arena, combined with experience in all the major applications software suppliers.”

Srikanth Chakkilam, CEO of Cigniti Technologies, stated, "Being acknowledged by ISG as a contender in the Digital Innovation Services and Managed Services showcases our commitment to solidify our retail presence while expanding into other promising areas. The new digital technological advancements are transforming the retail customer experience, leading to substantial investments in this area. Retail remains one of our top revenue-generating verticals, constituting over 23% of our revenue. Throughout our journey, we have collaborated with Global 2000 and Fortune 500 Retail and CPG companies delivering Digital assurance services. This recognition motivates us to have deeper conversations with our customers to understand and accelerate their digital journeys.”

Sairam Vedam, CMO of Cigniti Technologies, added, "Cigniti's recognition as a Contender in Digital Innovation Services and Managed Services by ISG in the US and Europe regions underscores our commitment to driving transformative solutions. We take pride in our AI & IP-led approach, which empowers Retail & CPG companies with cutting-edge Digital Engineering and Digital Assurance capabilities to enhance customer experiences and contribute to the success of businesses in the retail and CPG sectors. Our expertise in emerging technologies such as Computer Vision, Robotics, Data Engineering, and more positions us as a valuable partner for organizations seeking innovation and excellence in this dynamic sector.”

To view the charts, click here.

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Dallas, July 25, 2023 - Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, is delighted to announce that for the first time that its IP, Zastra^TM, has been recognized as one of the notable vendors in Forrester's report titled "The Computer Vision Tools Landscape, Q2 2023."

Zastra™, Cigniti’s Computer Vision (CV) Platform offering is identified in the report as a general purpose foundation, built to be extensible, that can be used to build any type of application. As an Enterprise-grade Annotation & Collaboration Platform for Digital Engineering services, Zastra^TM employs advanced Active Learning techniques, reducing annotation efforts by up to 70% while ensuring top-notch detection, classification, and segmentation of image and video datasets.

The report states that “Computer vision technologies are still evolving — with advances in modeling, data labeling, and tool development continuing to push this space forward decades after its first emergence. CV tools can offer state-of-the-art technologies and provide use-case-specific functions that make pervasive AI possible. Hyperscalers are promoting computer vision services as an extension of their AI/ML platforms. Pure-play vendors have prioritized verticals and are expanding coverage to more types of customers. Tech leaders and business professionals will face a plethora of vendor options and should pay attention to the market dynamics”

Srikanth Chakkilam, Chief Executive Officer, Cigniti Technologies, said, "According to recent reports, the majority of companies with data and analytics decision-makers who are adopting AI technologies are planning to boost their investments in computer and machine vision in the upcoming year. From enhancing medical diagnoses to improving quality control in manufacturing, Computer Vision is transforming operations and unlocking new opportunities across industries. For us, this recognition further bolsters Zastra^TM’s industry-proven capabilities as a computer vision tool that helps global organizations harness the power of AI in their digital transformation journeys.”

Sairam Vedam, Chief Marketing Officer at Cigniti Technologies, added, “The recognition of Zastra^TM in Forrester's report is, in our opinion, a testament to the company's expertise in computer vision and its commitment to delivering innovative solutions. Zastra^TM empowers organizations to enhance visual analysis and optimize various computer vision use cases through its comprehensive suite of tools, frameworks, and methodologies. We are proud to contribute to the future of computer vision and remain committed to driving innovation in the Digital Assurance and Digital Engineering space and be at the frontiers of an AI-led future.”

Forrester defines Computer Vision tools as "Software tools, software development kits (SDKs), and platforms that assist in both the development and deployment of computer vision models for multiple enterprise-level use cases. They include tools for data ingestion, data augmentation, model training, testing, and/or deployment."

Access the full report here.

About Cigniti Technologies:
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 & 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 know more about Cigniti, visit: www.cigniti.com

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Dallas, Jul 20, 2023 - Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, is recognized as a Leader in Overall Quality Engineering, AI-based Analytics and Automation, Application Security Testing, Cloud Migration, and RPA; Innovator in UX Testing and as a Major Player in ERP and COTS Testing in the NelsonHall's NEAT report "Quality Engineering 2023”.

NelsonHall has also published a profile report covering Cigniti's Quality Engineering capabilities and innovation investments in the testing and assurance world and also touched upon our Quality-led Digital Engineering Strategy/Roadmap.

Cigniti's consistent recognition as a Leader, Innovator, and Major Player in the NEAT report anchors its position as a trusted partner for global enterprises that are seeking to ensure the quality, security, and performance of their software applications.

Dominique Raviart, NelsonHall’s IT Services Practice Director, said “Since NelsonHall started evaluating Quality Engineering firms, Cigniti has consistently improved its positioning in our NEAT vendor evaluations. NelsonHall welcomes Cigniti’s automation investments in Functional Testing, such as its iNStaTM AI capability, and its investments beyond functional testing to include, for example, UX Testing.”

Srikanth Chakkilam, Chief Executive Officer at Cigniti Technologies, commented, "We are honored to receive this distinguished recognition from NelsonHall, solidifying our position as leaders in Quality Engineering. It reaffirms Cigniti's commitment to delivering cutting-edge Quality Engineering solutions and showcases its ability to drive innovation in the Software Testing industry. Our focus on AI-based analytics, automation, and cutting-edge technologies has enabled us to deliver exceptional client outcomes. Together, we will continue to lead the way in transforming the industry and exceeding our clients’ expectations by truly delivering frictionless digital customer experiences through impeccable Digital Assurance services.”

Sairam Vedam, Chief Marketing Officer at Cigniti Technologies, added, "Being positioned in NelsonHall's NEAT report is a testament to our continued recognition as a market leader. Our comprehensive portfolio of IP-led services, combined with a robust reference architecture and cutting-edge labs, showcases our dedication to delivering top-notch solutions. From Continuous Testing and Application Migration to Cloud Testing and AI-based automation and analytics, RPA, UX Testing, and Application Security Testing, we constantly enhance our IPs and tools. At Cigniti, we are not just shaping the future of software testing and quality engineering; we are redefining it. Our relentless pursuit of innovation and customer satisfaction is what sets us apart.”

Access the full report here.

About Cigniti Technologies:
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 & Global 2000 enterprises across 25 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, Singapore, and Costa Rica. To know more about Cigniti, visit: www.cigniti.com

About NelsonHall:
NelsonHall is a renowned global research and advisory firm specializing in business process outsourcing (BPO), IT services, and digital transformation. With a wealth of expertise and industry insights, NelsonHall assists organizations in understanding market dynamics, identifying strategic opportunities, and making informed decisions to optimize their operational efficiency and achieve business objectives. By providing comprehensive analysis and vendor assessments, NelsonHall helps businesses navigate the rapidly evolving technology landscape and stay ahead in the competitive market. For more information visit https://research.nelson-hall.com/

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, is delighted to announce its recognition as Product Challengers and Contenders in the ISG Provider Lens™ Digital Engineering Services 2023 Study. This recognition is a testament to Cigniti's commitment to delivering innovative and transformative digital engineering solutions to its clients across the US and Europe regions.

• In the US region, Cigniti has been recognized as Product Challengers in Design & Development, Integrated Customer/User Engagement, Platform & Application Services, and Contenders in Intelligent Operations quadrants.
• In the Europe region, Cigniti has been recognized as Contenders in Design & Development, Integrated Customer/User Engagement, Platform & Application Services, and Intelligent Operations quadrants.

Srikanth Chakkilam, Chief Executive Officer at Cigniti Technologies, commented, "We are honored to be recognized as Product Challengers and Contenders in the ISG Provider Lens™ Digital Engineering Services 2023 Study. This recognition is a firm step towards our journey of becoming a leading quality-first digital engineering services player and accomplish our stated objectives. This acknowledgment validates our dedication to innovation and our ability to deliver high-quality digital engineering solutions to our clients. It reinforces our position as a trusted partner for organizations seeking quality-led digital engineering services where that can truly accelerate digital transformation and deliver enhanced customer experiences."

Sairam Vedam, Chief Marketing Officer at Cigniti Technologies, added, "We are delighted to receive this recognition from ISG. Being acknowledged as Product Challengers and Contenders in multiple quadrants demonstrates our expertise across different aspects of digital engineering services. This surely elevates our positioning in achieving significant mindshare amongst our customers to become a trusted partner of digital-led business growth. As software sits at the center of every company’s digital charter, our resolve to offer a confluence of AI and IP-led Digital engineering services with an incredible ability to put quality at the digital core is further elevated. This recognition motivates us to have deeper conversations with our customers to understand and accelerate their digital journeys."

The ISG Provider Lens™ Digital Engineering Services 2023 Study evaluates the capabilities and competencies of service providers in delivering digital engineering services to clients across US and EU. It serves as a valuable resource for organizations seeking reliable partners for their digital transformation initiatives.

“Cigniti has built and deployed world-class accelerators to enable clients' digital transformations in a strongly differentiated quality-assured, IP and innovation-led approach. Their solutions like Zastra.ai, the BlueSwan™ offerings including Velocita, Praxia, CESA, etc. enable key customer functions in digital engineering and transformation in a proven, industry-relevant manner.” Dr. Tapati Bandopadhyay, Lead Analyst

“Cigniti has demonstrated a promise to lead the path to become a full-cycle Digital Engineering Company through its proprietary platforms and integrated strategies across the end-to-end value chain through the levers like Quality Engineering, Digital Assurance, Advisory, & Transformation and a laser-sharp focus on Digital Engineering.” Shirish Kulkarni, Lead Analyst

The report highlights, “Digital engineering is driving interventions across industries to increase efficiencies and effectiveness, the following trends that are evident across the providers to disrupt the market in the Digital Engineering Space, Engineering R&D (ER&D) becoming a strength, Focus on software to be central for digital offerings, CX is a key driver for success in the long term, Global preparedness with the right competencies, Supply chains becoming visible and intelligent. The integration of technologies like mobility, big data, AI, ML, IIoT, and predictive analytics has led to the digitization of the entire value chain, encompassing various stages from product development to manufacturing and across industries.”

To view the charts, click here.

About Cigniti Technologies:
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 & Global 2000 enterprises across 25 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 know more about Cigniti, visit: www.cigniti.com

About ISG:
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including digital engineering, automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com