Global IT services firm Cognizant has acquired Inawisdom, a pan-European consultancy specialising in artificial intelligence, machine learning and data analytics cloud services. Inawisdom focuses on cloud-native, full-stack solutions leveraging an analytics and machine learning platform built using Amazon Web Services (AWS).
Inawisdom marks Cognizant's ninth acquisition globally in 2020 to expand capabilities for clients in the key focus areas of data and artificial intelligence, the cloud, digital engineering and the Internet of Things.The acquisitions this year have cost Cognizant a total of more than $1.1 billion, although the value of the latest capture has not been disclosed. Headquartered in the UK with offices in Ipswich, Suffolk; London and Rotterdam in the Netherlands, Inawisdom employs a team of experts working with global organisations across the UK, Europe and the Middle East.
Inawisdom has developed its Rapid Analytics and Machine Learning Platform (RAMP), based on AWS cloud technology, to provide a “continually evolving” and reusable code repository and accelerate AI-driven business outcomes.
Using RAMP, coupled with its own “agile consulting approach”, Inawisdom helps clients across multiple use cases from enhancing supply chain efficiency to improving customer service and reducing operating costs - “often achieving results within weeks”, it says.
Inawisdom is an AWS Premier Consulting Partner recognised by AWS for its machine learning and data and analytics expertise, and for helping clients drive innovation and build solutions on the AWS platform. AWS named Inawisdom as APN Machine Learning Partner of the Year 2020 and APN Differentiation Partner of the Year 2019 in Europe.
Through the acquisition, Inawisdom will join with Contino, another company in Cognizant's Digital Business group, to provide end-to-end cloud-native AI and machine learning solutions. London-based Contino, acquired by Cognizant in 2019, specialises in helping clients accelerate their transition to modern digital businesses with enterprise DevOps methodologies, a cloud-native development approach and advanced data platforms.
"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 for digital business at 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 in AI, machine learning, cloud and data analytics."
Neil Miles, CEO of Inawisdom, said: "Our combined strength will further support customers in embedding data-driven decision-making into their organisation, increasing their speed to business value and long-term market differentiation.
“Being part of Cognizant provides access to a wider global network of AI and machine learning professionals, and a wealth of new capabilities that will expand our joint service offerings for successful data transformation."
Doug Yeum, head of the Global Partner Organisation at Amazon Web Services, added: “Cognizant and Inawisdom joining forces is a win for our customers, and we look forward to the industry and data science capabilities the Cognizant team will be able to offer our customers."
