MARKET MOVEMENT
Cognizant acquires Inawisdom , an Artificial Intelligence and Machine Learning services expert
Cognizant has announced it has acquired Inawisdom , a UK-based , privately held consultancy specialising in Artificial Intelligence , Machine Learning and data analytics to help businesses make better , faster decisions that improve business outcomes . Inawisdom focuses on delivering cloud-native , full-stack solutions , leveraging proven consulting methodologies and an analytics and Machine Learning platform built using Amazon Web Services ( AWS ). Financial details were not disclosed .
Inawisdom marks Cognizant ’ s ninth acquisition in 2020 to expand capabilities for clients globally in the key focus areas of data and Artificial Intelligence , cloud , digital engineering and Internet of Things . Cognizant has invested more than US $ 1.1 billion this year alone for acquisitions in these areas .
“ Businesses succeed or fail by the speed and quality of their decisions , and the best business decisions are informed by data and AI ,” said Malcolm Frank , President , Digital Business , Cognizant . “ We are pleased to welcome Inawisdom ’ s skilled team to Cognizant and further accelerate our innovation on data modernisation and intelligent decision-making . Cognizant and
Inawisdom ’ s clients will benefit from our shared , deep relationships with AWS and our combined expertise with AI , Machine Learning , cloud and data analytics .”
“ As a committed and proven expert in AI and Machine Learning , we are excited to join Cognizant and build on Inawisdom ’ s unique combination of accelerators and skills ,” said Neil Miles , CEO , Inawisdom .
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Quest Software acquires erwin to enable organisations to fully harness the business benefits of data
Quest Software , a global systems management , data protection and security software provider , has announced the acquisition of erwin to enable organisations to realise the exceptional business benefits of data fully . Erwin ’ s solutions strengthen Quest ’ s market-leading data toolset , adding new capabilities to drive significant data initiatives and the deployment of modern applications while ensuring regulatory compliance . The deal further spotlights Quest as a leading software provider for critical enterprise IT challenges .
Erwin ’ s products address the increasingly important intersection between IT ’ s needs to administer and govern enterprise data and the business users who leverage the data . As organisations transform to become increasingly data-driven and wrestle with regulatory compliance and other business drivers , the data ecosystem is becoming more complex . Quest ’ s and erwin ’ s products help customers exploit enterprise data as a core asset to the business by providing infrastructure to manage and govern the data .
“ Data-centric projects are rapidly accelerating across the enterprise . Together , Quest and erwin will continue to deliver database tools aimed at helping companies know their data , alleviating concerns about where and how their data is used ,” said Patrick Nichols , CEO of Quest Software . “ Quest ’ s focus on ‘ Where next meets now ’ drives every new capability we add to our products and each new investment .”
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