TEANECK (dpa-AFX) - Cognizant Technology Solutions (CTSH) announced Friday that it has entered into an agreement to acquire Adaptra, a Sydney-based consulting, business transformation and IT services provider. The financial terms of the deal were not disclosed.
Adaptra specialises in consulting, programme management, and implementation of core platforms such as Guidewire to enable insurance companies to drive improvements across key functional areas.
Adaptra works with 5 of the top 10 insurers in Australia and New Zealand, helping them define their target business and operating models and providing platform advisory and implementation services.
Cognizant said the acquisition further strengthens its deep insurance, business transformation and platform capabilities to help clients succeed in a technology- and data-intensive world. As part of the acquisition, approximately 100 professionals will join Cognizant.
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