Cognizant has entered into an
agreement to acquire Australia based consulting, business transformation and
service provider Adaptra, for an undisclosed sum. Sydney-headquartered Adaptra,
established in 1998, works with five of the top 10 insurers in Australia and
New Zealand.
Adaptra specializes in consulting,
programme management and implementation of core platforms such as Guidewire to
enable insurance companies to drive improvements across areas like underwriting
and policy administration. The acquisition would further strengthen Cognizant
insurance, business transformation and platform capabilities.
The acquisition (by Cognizant)
would position Adaptra for new growth opportunities across technologies and
industries. Cognizant’s global experience, deep digital capabilities and
entrepreneurial culture will enable Adaptra to deliver broader transformational
solutions. Cognizant has over 100 development centres, globally and
employs about 2.25 lakh people.
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