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28 Jan

Cigniti Technologies Q3FY21 Revenue

Consolidated Revenue Rs. 223.90 crores and Net Profit Rs. 26.35 Cr
Standalone Revenue Rs. 78.69 crores and Net Profit Rs. 12.77 Cr

Consolidated Financial Performance for Q3FY21 v/s Q3FY20 (Corresponding Year)

  • Revenue of 223.90 crore v/s. Rs. 216.75 crore [á 3.3%]
  • EBITDA of 31.94 crore v/s. Rs. 28.62 crore
  • PAT of 26.35 crore v/s. Rs. 28.11 crore
  • Current year PAT is after full taxation

Consolidated Financial Performance for Q3FY21 v/s Q2FY21 (Corresponding Quarter)

  • Revenue of 223.90 crore v/s. Rs. 221.20 crore [á1.2%]
  • EBITDA of 31.94 crore v/s. Rs. 44.21 crore
  • PAT of 26.35 crore v/s. Rs. 25.22 crore
  • Current year PAT is after full taxation. Q2FY21 PAT is after onetime tax adjustment of Rs 8.95 crores on account of tax assessment for earlier years of US subsidiary Cigniti Technologies Inc.

Consolidated Financial Performance for 9MFY21 v/s 9MFY20 (Corresponding Year)

  • Revenue of 663.50 crore v/s. Rs. 638.93 crore [á 3.8%]
  • EBITDA of 112.21 crore v/s. Rs. 97.14 crore
  • PAT of 80.68 crore v/s. Rs. 92.34 crore
  • 9M’FY21 PAT is after onetime tax adjustment of Rs 8.95 crores on account of tax assessment for earlier years of US subsidiary Cigniti Technologies Inc.; Net profit before taxes for earlier years stood at Rs 110.78 crores.

Mumbai, January 28, 2021: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended December 31, 2020.

The company’s reported Net Profit for Q3FY21 stood at Rs 26.35 crore as against Net Profit of Rs 25.22 crore in Q2FY21.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 223.90 crore as against Rs 221.20 crore in Q2FY21.

EBIDTA for the December quarter was at Rs 31.94 crore and EBIDTA margin stood at 14.3%. Reduction in EBITDA is on account of rollback of payroll cut which was in force for the H1’FY 2020-21.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “Q3FY21 has been a successful quarter for the company with promising numbers and sustained growth. We plan on capitalizing on this momentum going forward. The COVID-19 pandemic led to technological disruptions, thus paving the way for us towards investment and growth opportunities. I would like to extend my gratitude to our dedicated employees, clients and customers for their unwavering support in these challenging times. For the coming quarter we expect the Union Budget to positively have provisions to incentivize the IT and Technology sector. Overall, I feel the next phase of implementation will only take place once the industry has settled down and assessed the overall impact of the pandemic.”

Highlights for the quarter ended December 31, 2020

  • Revenue from top 5 clients contributed approximately 22.2% of the Revenue
  • BFSI, Retail & e-Commerce and Travel & Transport sectors contributed the most to the revenue for Q3FY21
  • Revenue split geographically: North America & Canada – 88%, UK & Europe – 7%, Rest of the World 5%

About Cigniti Technologies Limited
Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing and Quality Engineering Services, is headquartered at Hyderabad, India. Cigniti’s 2500+ employees are spread across US, UK, India, Australia, and Canada. 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 9001:2008 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance.

Sanjay Punjabi / Chintan Kotak / Raveena Shetty
Adfactors PR ltd
Mob: 9821080048 / 9920865113 / 9769539969
Email: sanjay.punjabi@adfactorspr.com
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Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

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21 Jan

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.”

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20 Jan

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 Engineering, Advisory & Transformation, Digital 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.

Access the full coverage here

Contacts
Midhun Pingili, midhun.pingili@cigniti.com

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20 Jan

Shift Left or Squish Right: Getting Time to Test

Speakers:

James Bach - CEO and Principal Consultant - Satisfice, Inc., A pioneer of Rapid, Exploratory, and Agile Testing.
Kalyana Rao Konda - President, North America at Cigniti Technologies

Abstract:

Shift Left testing recommends reversing the testing approach and involving system/software testing earlier in the lifecycle. Practically, it means moving the testing approach on the left end on the project timeline.

However, "programmers generally won’t stop coding to spend days developing and performing deep testing. What they mean by “testing” is relatively simple output checking. Deep testing may never happen in a shift-left regime, which then forces that work to the right — into the world of production and users. I call that “squish left and right," which means that there is pressure not to allow testers to perform a competent test process. How do we resist this pressure? How do we sell testing?", asks James Bach.

Key Takeaways:

  • How to pitch Testing and its timing to key stakeholders.
  • The impact of testing at various stages of a digital transformation.
  • Your customers/users and the brand from technical issues.
Watch the Session

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06 Jan

Cigniti Technologies Announces Partnership with Sonatype, Extends AppSec Offering with Best-in-Class Software Composition Analysis

With the Sonatype Nexus platform, Cigniti now helps customers shift left and automate open source security at every stage of the software development lifecycle

Hyderabad - 6th Jan, 2021. Cigniti Technologies, a global leader in independent quality engineering and software testing services, today announced a partnership with Sonatype, the company that scales DevOps through open source governance and software supply chain automation, to help enterprise customers innovate faster and easily mitigate security risk inherent in open source.

By partnering with Sonatype, Cigniti is able to offer its clients the powerful Nexus platform, in turn, enabling them to automatically enforce open source governance and control risk across every phase of the software development lifecycle (SDLC). Fueled by Nexus Intelligence, which includes in-depth security, license, and quality information on more than 100M open source components across dozens of ecosystems, the Nexus platform precisely identifies open source risk and provides expert remediation guidance, empowering developers to innovate faster. Only Nexus secures the perimeter and every phase of your SDLC, including production, by continuously monitoring for new risk based on your open source policies.

“As experts in continuous delivery, Cigniti has worked hard to help its customers implement a mature DevSec pipeline. As such, many of our global customers have inquired about software composition analysis to help protect their toolchains, said Pradeep Govindasamy, CTO & President at Cigniti Technologies. “Partnering with Sonatype, who has the in-depth, precise intelligence around open source vulnerabilities, allows us to offer an ever-deeper sense of security to our customers. There is a clear synergy between Sonatype and Cigniti to create a successful partnership.”

Sonatype’s platform provides myriad of benefits to its users, that enable them to focus on innovating, and harnessing the power of open source, rather than worrying about its risk. For instance customers see:

  • 99% reductions in time spent reviewing and approving OSS components
  • 26x faster identification and remediation of OSS vulnerabilities
  • 70% smaller windows of exploitability from adversary attacks on OSS components
  • 20x faster searches and downloads of OSS components by developers

"Sonatype has been working with global enterprise customers for over a decade to identify and mitigate millions of security vulnerabilities and protect their software supply chains," said Wai Man Yau, General Manager International, Sonatype. "Through our partnership with Cigniti, we'll be able to further enhance DevSecOps in new regions, providing customers with the continued automated security features they need to build secure software."

Additional Resources
To learn more about how Cigniti or Sonatype can help your organisation build safe, secure, high quality software, visit https://www.sonatype.com/nexus-lifecycle and https://cigniti.com/

About Cigniti Technologies:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across the UK, US, 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 Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

About Sonatype:
Sonatype is the leader in software supply chain automation technology with more than 350 employees, over 1,200 enterprise customers, and is trusted by more than 10 million software developers. Sonatype’s Nexus platform enables DevOps teams and developers to automatically integrate security at every stage of the modern development pipeline by combining in-depth component intelligence with real-time remediation guidance. For more information, please visit Sonatype.com, or connect with us on Facebook, Twitter, or LinkedIn

Access the full coverage here

Contacts
Midhun Pingili, midhun.pingili@cigniti.com

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15 Dec

Cigniti positioned as a ‘Niche Player’ in Gartner 2020 Magic Quadrant for Application Testing Services, Worldwide

Cigniti Technologies has been positioned as a Niche Player in the Gartner 2020 Magic Quadrant for Application Testing Services, Worldwide.

DALLAS - (BUSINESS WIRE) - Cigniti Technologies, a global leader in independent quality engineering and software testing services, today announced that it has been as positioned as a ‘Niche Player’ in the December 2020 Gartner, Inc. Magic Quadrant for Application Testing Services, Worldwide. This is the 6th consecutive year Cigniti has been positioned in this Magic Quadrant.

Gartner is aware of about 300 providers offering application testing services globally, but these providers are not the complete marketplace. The Magic Quadrant assesses 20 of the service providers offering testing services including consulting services, implementation, integration and managed services, based on specified inclusion criteria.

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14 Dec

Cigniti positioned as a ‘Niche player’ in Gartner 2020 Magic Quadrant for Application Testing Services, Worldwide

December 14, 2020 08:00 AM Eastern Standard Time

DALLAS--(BUSINESS WIRE)-Cigniti Technologies, a global leader in independent quality engineering and software testing services, today announced that it has been as positioned as a ‘Niche Player’ in the December 2020 Gartner, Inc. Magic Quadrant for Application Testing Services, Worldwide. This is the 6th consecutive year Cigniti has been positioned in this Magic Quadrant.

Gartner is aware of about 300 providers offering application testing services globally, but these providers are not the complete marketplace. The Magic Quadrant assesses 20 of the service providers offering testing services including consulting services, implementation, integration and managed services, based on specified inclusion criteria.

According to Gartner, “The demand for intelligent and highly automated testing services is driven by the need for continuous quality excellence at a lower cost. This report guides sourcing, procurement and vendor management leaders in making better sourcing decisions when selecting application testing service providers.”

Many of the world’s largest and most innovative companies turn to Cigniti to get assistance on accelerating their digital transformation efforts and obtaining higher returns on their investments into Quality Engineering initiatives. Cigniti has a strong application testing expertise and uses its portfolio of testing IP, including its core testing platform, BlueSwan. Cigniti leverages its test automation accelerators, industry accelerators and testing labs within mobile, IoT, medical devices and robotics, as well as its COEs in enterprise application platforms (such as Oracle, SAP and Salesforce), RPA, cybersecurity, and specialized testing areas like performance, mobile and test data management for delivering customer-centric quality assurance services.

This year, Cigniti also received 5-star reviews and has been rated by its enterprise customers a 4.8 out of 5 on Gartner Peer Insights for Application Testing Services, Worldwide based on 43 ratings in the last 12 months. Cigniti received the highest number of ratings across all providers in the application testing services category.

Speaking on the occasion, Srikanth Chakkilam, CEO, Cigniti, said, “To us, getting consistently positioned in the Magic Quadrant and great feedback on Gartner Peer Insights stands testament to the faith large enterprise clients have placed on us in driving quality engineering initiatives for them. Our focus on delivering value through proprietary IP and client centricity has helped us gain this trust and recommendations from our clients.”

Access the Magic Quadrant for Application Testing Services, Worldwide here.

About Gartner Magic Quadrant

Gartner disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences and do not represent the views of Gartner or its affiliates.

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 UK, US, 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.

Access the full coverage here

Contacts
Midhun Pingili, midhun.pingili@cigniti.com

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11 Dec

DGCX Selects Cigniti Technologies as Strategic Quality Assurance Service Provider

DGCX Selects Cigniti Technologies as Strategic Quality Assurance Service Provider

Dubai, December 10, 2020: The Dubai Gold and Commodities Exchange (DGCX), has selected Cigniti Technologies – a global leader in independent quality engineering and software testing services – as its strategic Quality Assurance service provider as the Exchange seeks to upgrade its technology platform.

Cigniti will provide the DGCX Group with quality testing on a number of marketplace solutions that will replace applications currently used by DGCX. This will include functions such as real-time trading and clearing, pre-trade risk management, market intelligence, surveillance and quality assurance.

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10 Dec

DGCX Selects Cigniti Technologies as Strategic Quality Assurance Service Provider

Dubai, December 10, 2020: The Dubai Gold and Commodities Exchange (DGCX), has selected Cigniti Technologies - a global leader in independent quality engineering and software testing services - as its strategic Quality Assurance service provider as the Exchange seeks to upgrade its technology platform.

Cigniti will provide the DGCX Group with quality testing on a number of marketplace solutions that will replace applications currently used by DGCX. This will include functions such as real-time trading and clearing, pre-trade risk management, market intelligence, surveillance and quality assurance.

Cigniti’s testing services will enable the DGCX Group to ‘acceptance test’ the applications – covering both functional and non-functional testing – and reduce the amount of overall time and effort expended on testing.

Speaking on this occasion, Srikanth Chakkilam, CEO at Cigniti Technologies, said: “We are excited to partner with the UAE region’s largest commodity derivatives exchange – DGCX. This would further strengthen our position in the financial services market. The capital markets are based on real-time data and are increasingly complex. The introduction of digital technologies has brought in advanced practices and further encouraged new segment of investors and traders. Convenience, speed, reliability, security and efficiency are key to create a transparent and open environment. This requires an end-to-end testing of digital applications for the better performance and user experience.”

Les Male, CEO at DGCX Group, said: “Innovative digital solutions form a key part of the DGCX's efforts to maintain operational excellence and continue to deliver unparalleled efficiencies. Nowhere is this more evident than in our technology agreement with Nasdaq Market Technology, which is ultimately aimed at enabling us to provide our members as well as their clients with increasingly sophisticated levels of service performance. Our most recent announcement of Cigniti as our strategic quality assurance provider reinforces these efforts. We are confident that these agreements and subsequent testing will ultimately provide an improved user experience for our members, which are at the heart of every decision that we make.”

Cigniti’s dedicated FinTech Domain Competency Group concentrates on testing complex real-time digital applications. Cigniti’s 90+ BFS clients include 3 Fortune 500 banks and is led by more than 300 domain and technology experts.

With these partnerships , DGCX continues to be the leading commodities derivatives exchange in the Middle East, serving both the Middle Eastern and the global capital markets.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across UAE, USA, UK, Australia, Canada, India, 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.

Access the full coverage here

Contact:
Midhun.pingili@cigniti.com

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02 Dec

Cigniti Technologies appoints Ganesh Ramamoorthy as Chief Revenue Officer

CRO Ganesh Ramamoorthy

Texas, 2nd December 2020: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Ganesh Ramamoorthy as their Chief Revenue Officer (CRO), responsible for Global Sales, Marketing, and Customer success.

Ganesh comes with over 28 years of experience as a technology leader with a proven track record of building global digital transformation business across industry verticals. Prior to joining Cigniti, Ganesh spent 20 years at HCL, led strategic relationships with Fortune 100 enterprise clients in Financial Services and Technology verticals and developed significant revenue streams across international markets. He also led the transformation of horizontal technology services offerings to consumer industry focused on digital and platform offerings in high growth markets.

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02 Dec

Cigniti Technologies appoints Ganesh Ramamoorthy as Chief Revenue Officer

Texas, 2nd December 2020: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Ganesh Ramamoorthy as their Chief Revenue Officer (CRO), responsible for Global Sales, Marketing, and Customer success.

Ganesh comes with over 28 years of experience as a technology leader with a proven track record of building global digital transformation business across industry verticals. Prior to joining Cigniti, Ganesh spent 20 years at HCL, led strategic relationships with Fortune 100 enterprise clients in Financial Services and Technology verticals and developed significant revenue streams across international markets. He also led the transformation of horizontal technology services offerings to consumer industry focused on digital and platform offerings in high growth markets.

Announcing Ganesh’s appointment, Srikanth Chakkilam, CEO, Cigniti Technologies, said “We’re happy to welcome Ganesh into our team. As we pivot towards building a fast-growing digital transformation services organization with a Quality-first culture, Ganesh’s rich experience will be immensely helpful to lead Cigniti through our next stage of growth.”

Ganesh is a Mechanical Engineering Graduate from the College of Engineering, Guindy, Chennai, and holds an MBA from IIM Calcutta.

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, 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.
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.

Access the full coverage here

Contact: Midhun.pingili@cigniti.com

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23 Nov

Transforming Business Processes With Intelligent Analytics

Srikanth Chakkilam - Transforming Business Processes With Intelligent Analytics

"Business transformation in the time of digital dominance is not only about changing your organizational culture, processes, tools, and technologies. If you dig deeper to the core of it all, you will realize that this digital business transformation is actually about the shift from an intuitive way of decision-making to an informed one that makes businesses customer-centric and capable of delivering incredible customer experiences", says Srikanth Chakkilam, CEO at Cigniti Technologies.

Check the article published in the CEOInsights India magazine where Srikanth Chakkilam talks about how intelligent analytics can drive successful business transformation.

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19 Nov

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.

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18 Nov

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.

Access the full coverage here

Contacts
Midhun Pingili, Midhun.pingili@cigniti.com

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16 Nov

Enterprise Transformation in Financial Industry: Role of DevOps & Continuous Testing

Speakers:

Gerold Rajesh (Gerry) - SVP & Global Head of Quality Management at Brown Brothers Harriman
Pradeep Govindasamy - Chief Technology Officer & President at Cigniti Technologies

Abstract:

With the introduction of next-gen technologies like AI, ML, RPA, and big data, the industry is expanding the scope and capabilities of its service offerings for the sake of delivering better user experiences and higher convenience at speed. To embrace the latest tools and advanced technologies, financial organizations need a well-laid-out strategy and process.

In this webinar, Gerold Rajesh, SVP & Global Head of Quality Management at Brown Brothers Harriman, and Pradeep Govindasamy, CTO & President at Cigniti Technologies, will take you through the essentials of leading a DevOps-led enterprise transformation, empowered by continuous testing. They will explore the emerging trends in the financial services industry while touching upon the role of next-gen technologies in the sector.

Key Takeaways:

  • The DevOps imperative for navigating the transformation of your financial enterprise
  • The indispensable role of continuous testing in ensuring the success of DevOps practices
  • Achieving the right mix of automation, next-gen technologies, and approach for long-term transformation
  • Emerging quality trends in the financial services sector
Watch the Session

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09 Nov

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.”

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09 Nov

Cigniti Tech Q2 net profit drops 29% to Rs 25 crore

IT firm Cigniti Technologies on Thursday posted a 29 per cent decline in its consolidated net profit at Rs 25 crore for the second quarter ended September 2020, mainly on account of a one-time provisioning against an income tax order.

The company had logged a net profit of Rs 35.72 crore in the same quarter a year ago.

Commenting on results, Cigniti Technologies Chief Financial Officer Krishnan Venkatchary told PTI that the company's year-on-year profit has come down on account of one-time write-off of around Rs 8.95 crore which was necessitated for an income tax order received around transfer pricing for 4 years between 2015-2018 in the US.

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09 Nov

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

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27 Oct

Cigniti’s Kalyana Rao Konda Joins the Board of Philadelphia Alliance for Capital and Technologies (PACT)

PHILADELPHIA - (BUSINESS WIRE) - Philadelphia Alliance for Capital and Technologies (PACT), an Affiliate of the Chamber of Commerce for Greater Philadelphia (The Chamber), inducted Kalyana Rao Konda, President at Cigniti Technologies into its board of directors, earlier this month.

Kalyana Rao Konda (Kalyan) is the President at Cigniti. He drives business growth and ensures client success for Cigniti and wears multiple hats including operational planning, sales management, marketing, partnership alliances, customer success, designing custom solutions and ensuring great service delivery. Kalyan is a thought leader in the Quality Engineering space, has been a speaker at multiple industry forums and has a patent pending at USPTO for intelligent test scenario generation.

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22 Oct

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

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