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| Dear Cignitian, | ||
| We completed 25 glorious years recently and have built a purposeful company that is standing on top of the dreams, tireless efforts, indomitable spirit, and commitment of each of you. Our resolve to be a leading AI and IP-led digital assurance and digital engineering services company globally from a small garage startup since its inception has been realized. Starting with a single man’s vision to a stage where 4200+ Cignitians across the world have made a tremendous difference to the digital transformation journeys of many Fortune 2000 companies across 25 countries in the world, we have made a mark that is a true reflection of our vision, mission, and zeal to excel. I am proud to say that we all have built a $240Mn+ run rate company. | ||
| As a next step towards a greater good and to leap ahead further into the exciting frontiers of the digital orbit, with a renewed energy, vigor, and an everlasting will to excel we are embarking on a significant milestone – A milestone that is a true testament to our commitment to an all-round growth. A milestone that is an apt manifestation of our belief to be able to offer better and more synergistic services. A deep-rooted thinking to unleash a newer future that is even better and much brighter. | ||
| Under the able leadership of our Founder and Chairman C V Subramanyam, with the cognizance of our board and the support of the leadership teams, I am thrilled to announce that today marks a monumental moment in our journey together, one filled with promise, opportunity, and boundless potential. The promoters and select public shareholders have signed a definite agreement with Coforge to take the company to the next phase, ushering in a new era of growth for all of us. Coforge (www.coforge.com) is a billion-dollar plus, leading, award-winning Digital services, and AI solutions company with more than 23,000+ globally distributed employees trusted by several of the world’s cutting-edge enterprises. Coforge engages with emerging entities and in its true sense lives up to its stated promise of transacting at the intersection of technologies that redefine how businesses can accelerate to achieve higher growth. Similar to our ethos Coforge puts the best foot forward in ensuring a sustainable, better society is in place and has the same set of values as us towards being an empathetic employer and a human-centered company. | ||
| This exciting development is a testament to the incredible work and dedication each of you has poured into Cigniti. It is a recognition of our collective achievements and a reaffirmation of our commitment to building a better future through technology-led transformation. | ||
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Rationale to join hands with Coforge Joining forces with Coforge is a well thought through decision that puts us in a market position where we can effectively compete with our larger competitors. It propels us into an elite, albeit sizeable, club of hyper-growth digital IT services specialist companies that can truly accelerate the digital journeys of global companies. It positions us to be a stronger player with synergetic technology, footprint across growing verticals, combined services, offerings, solutions, and IP, platforms catering to the new generation of companies worldwide who are at the cusp of an AI-led revolution that has become a reality. Our steadfast commitment to being a quality-first digital IT services provider gets a much-needed boost with this. |
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What does this mean to each of us at Cigniti? As we embark on this next chapter, I want you to know that your future with Cigniti is brighter than ever before. This acquisition opens up a world of possibilities to all our stakeholders, employees, clients, and investors, offering expanded horizons, enhanced resources, and unparalleled opportunities for personal and professional growth. Together with Coforge, we will rely on and utilize our varied and effective service offerings and expertise to reach new heights of success. Our shared values of character, commitment, and competence will serve as the foundation upon which we build a future filled with innovation, collaboration, and impact. This confluence of two synergetic companies opens up an entirely newer horizon of opportunities, access to global careers, learning opportunities, and a wider canvas of professional and personal growth for each of you. I foresee this happening at a speed and a magnitude putting each of us on a growth pedestal with Godspeed. |
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| I am deeply grateful for each one of you who has contributed to our journey thus far. Your passion, talent, and dedication have been the driving force behind our success, and I have no doubt that together, we will achieve even greater milestones in the days and years ahead. | ||
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What next As we move forward, let us embrace this moment with optimism, enthusiasm, and a sense of adventure. Let us celebrate our achievements, embrace new challenges, and seize every opportunity that comes our way. We will continue to update, communicate, and keep you all posted with the next steps as we progress further. Till further updates on this important note, I request all of you to stay tuned and do not hesitate to reach out to the leadership if you have any questions. We will follow up with a set of organized external and internal communication as applicable and appropriate as it unfolds. In the meanwhile, I urge all of you to stay focused and committed to your deliverables and keep the interests of our clients at the center. |
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| Wishing you all the very best as we open a newer chapter in our exciting journey ahead. Together we win and as I always mention, the best is yet to come. | ||
| Regards, |
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| Cigniti Technologies 6th Floor, Orion Block, International Tech Park, Plot No. 17, Software Units Layout, Madhapur, Hyderabad, India - 500081. |
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