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Cigniti Technologies Q1FY22 Revenue

Consolidated Revenue Rs. 264.36 crores and Net Profit Rs. 20.42 Cr
Standalone Revenue Rs. 93.88 crores and Net Profit Rs. 7.18 Cr

Consolidated Financial Performance for Q1FY22 v/s Q1FY21 (Corresponding Year)

  • Revenue of Rs. 264.36 crore v/s. Rs. 218.40 crore [ 21.0%]
  • EBITDA of Rs. 24.31 crore v/s. Rs. 36.06 crore
  • PAT of Rs. 20.42 crore v/s. Rs. 29.11 crore

Consolidated Financial Performance for Q1FY22 v/s Q4FY21 (Corresponding Quarter)

  •  Revenue of Rs. 264.36 crore v/s. Rs. 233.02 crore [ 13.4%]
  • EBITDA of Rs. 24.31 crore v/s. Rs. 33.25 crore
  • PAT of Rs. 20.42 crore v/s. Rs. 24.67 crore

Mumbai, July 23, 2021: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended June 30, 2021.

The Company’s Consolidated Revenue from operations for the quarter under consideration grew by 13.4% to Rs. 264.36 crore as against Rs. 233.02 crore in Q4FY21.

The company’s Net Profit for Q1FY22 stood at Rs 20.42 crore as against Net Profit of Rs 24.67 crore in Q4FY21.

EBIDTA for the June quarter was at Rs 24.31 crore and EBIDTA margin stood at 9.2%.

Other income includes Net foreign exchange gain of Rs. 0.27 Cr. for the quarter ended June 30, 2021.

During the current quarter, the Group has invested in additional manpower in line with its business transformation initiatives which has affected the current quarter profitability.  The addition in manpower has reduced the offshore utilization and expected to yield revenue in the coming quarter

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am happy that the first quarter of the fiscal year has been successful with improved performance coupled with increased efficiency and demand. As a company, we continue to consistently implement strategies to increase our market share as well as market size. Keeping in mind the increasing demand of the industry, we have made additions to our extensive product portfolio and services and are gearing up for further enhancing our offerings in the software testing industry.

We are confident of building an even robust order book in the upcoming quarters and achieve steady growth on account of efficient order execution.”

Highlights for the quarter ended June 30, 2021

  • Revenue from top 5 clients contributed approximately 20.8% of the Revenue
  • BFSI, Travel & Transport and Retail & e-Commerce sectors contributed the most to the revenue for Q1FY22
  • Revenue split geographically: North America & Canada – 85%, UK & Europe – 9%, Rest of the World 6%

About Cigniti Technologies Limited
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 3,100+ 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.

For further information, please contact:

Omkar Jalgaonkar / Raveena Shetty
Adfactors PR ltd
Mob: 9821080048 / 9870836138 / 9769539969
Email: omkar.jalgaonkar@adfactorspr.com
raveena.shetty@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

Cigniti Expands Its Global Footprint with Opening of an Office in Singapore

Singapore, July 1, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing Services company, today announced the opening of their first office in Singapore. With this new expansion, Cigniti further extends its global footprint in the Asia Pacific region to meet the growing digital transformation needs of leading enterprises based in the region.

“Cigniti is recognised globally for its innovative approach to assisting enterprises in their Quality Engineering and Digital transformation initiatives leveraging proprietary IP, AI & ML driven frameworks and highly agile & DevOps development methodologies. As more and more enterprises in the Asia Pacific region look towards aligning their transformation roadmaps to leverage the benefits of next-generation technologies such as RPA, Automation, AI, Cloud and IoT, Cigniti is committed to providing customers with the insights, advisory and services they need to accelerate their digital and business transformation, and drive higher ROI from their QA initiatives”, said Nanda Padmaraju, Cigniti’s head of RoW business. “This is a key milestone for us and we are keen on investing in the region, leverage the diverse hi-tech talent available locally and help towards further strengthening the QA community in the region”, he added.

“As we looked at expanding our presence in Asia Pacific, Singapore was a natural choice as it is a global business hub, with great connectivity, technologically sophisticated infrastructure, and overall a very supportive business ecosystem and government,” said Srikanth Chakkilam, CEO, Cigniti.

We already are working with several leading enterprises in Singapore as their strategic quality engineering partner, and our new office in the heart of Singapore will enable us to be more agile and responsive to the needs of our clients in the region and serve them better.

Cigniti Expands Its Global Footprint with Opening of an Office in Singapore

Singapore, July 1, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing Services company, today announced the opening of their first office in Singapore. With this new expansion, Cigniti further extends its global footprint in the Asia Pacific region to meet the growing digital transformation needs of leading enterprises based in the region.

“Cigniti is recognised globally for its innovative approach to assisting enterprises in their Quality Engineering and Digital transformation initiatives leveraging proprietary IP, AI & ML driven frameworks and highly agile & DevOps development methodologies. As more and more enterprises in the Asia Pacific region look towards aligning their transformation roadmaps to leverage the benefits of next-generation technologies such as RPA, Automation, AI, Cloud and IoT, Cigniti is committed to providing customers with the insights, advisory and services they need to accelerate their digital and business transformation, and drive higher ROI from their QA initiatives”, said Nanda Padmaraju, Cigniti’s head of RoW business. “This is a key milestone for us and we are keen on investing in the region, leverage the diverse hi-tech talent available locally and help towards further strengthening the QA community in the region”, he added.

“As we looked at expanding our presence in Asia Pacific, Singapore was a natural choice as it is a global business hub, with great connectivity, technologically sophisticated infrastructure, and overall a very supportive business ecosystem and government,” said Srikanth Chakkilam, CEO, Cigniti.

We already are working with several leading enterprises in Singapore as their strategic quality engineering partner, and our new office in the heart of Singapore will enable us to be more agile and responsive to the needs of our clients in the region and serve them better.

About Cigniti: Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,900+ 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.

Access the full coverage here

 

Contact: Midhun Pingili, Director, Marketing | Midhun.pingili@cigniti.com | www.cigniti.com

Stay Ahead of Your Customers’ Experience in the Age of 5G

Speakers:

Ramnik Kamo - EVP, Chief Information & People Officer at Mavenir
Rashmi Varma - Founder & CTO at Innovate5G
Mark Shorrock - Strategic Partner at Schooley Mitchell
Pradeep Govindasamy - CTO & President at Cigniti
Chris Manuel - Moderator - VP, Digital at Cigniti

Abstract:

The 2020 Gartner Market Guide for Digital Experience Monitoring predicts that "By 2025, 70% of digital business initiatives will require enterprises to report on digital experience".

Assuring digital experience while keeping up with technological upgrades is critical for today's global organizations. 5G is one such technology that will play a fundamental role and also create opportunities to transform the digital experience.

In this virtual event, you have the opportunity to learn from global thought leaders how 5G will transform digital experience. Deep dive into the evolution of connected data sources, measurement and analysis of pre, post and real-time data to predict customers’ digital experiences.

View the event to gain valuable insights into how you can stay ahead of the Digital Experience Assurance curve and avoid an “Oh, no!” moment.

Demonstrations, Experiments, and Software Testing

Speakers:

Michael Bolton - Lead Consultant at DevelopSense
Kalyana Rao Konda - President at Cigniti Technologies

Abstract:

What's the webinar all about?

What's the difference between a demonstration and an experiment? Sounds like philosopher-talk, doesn't it? So why should that difference matter to managers, developers, teams, and... testers?

Alas, in software development, we often call both demonstrations and experiments by the same name: "tests".

In this presentation, Michael Bolton explains the difference, and how scientists (and, yes, philosophers of science) came to differentiate between demonstration and experiment. Of the two, one is designed to show us something that we already know; the other is intended to help us learn things we want or need to know. The difference is crucial because the purpose of testing must not be merely to show that the product can work. We test to learn about the product so that we can understand it better, and address problems before it's too late.

In the second half of the presentation, Kalyan shares insights on how Cigniti is assisting leading enterprises globally including the Fortune 500 in their Software Testing & Quality Engineering initiatives and accelerating their digital transformation.

Cigniti Technologies Q4FY21 Revenue

Cigniti Technologies Q4FY21 Revenue:
Consolidated Revenue Rs. 233.02 crores and Net Profit Rs. 24.67 Cr
Standalone Revenue Rs. 84.65 crores and Net Profit Rs. 12.93 Cr

Consolidated Financial Performance for FY21 v/s FY20 (Corresponding Year)

  • Revenue of Rs. 896.53 crore v/s. Rs. 871.97 crore [á 3%]
  • EBITDA of Rs. 145.47 crore v/s. Rs. 128.69 crore
  • PAT of Rs. 105.35 crore v/s. Rs. 121.60 crore

Consolidated Financial Performance for Q4FY21 v/s Q4FY20 (Corresponding Year)

  • Revenue of Rs. 233.02 crore v/s. Rs. 233.04 crore [á 0%]
  • EBITDA of Rs. 33.25 crore v/s. Rs. 31.55 crore
  • PAT of Rs. 24.67 crore v/s. Rs. 29.26 crore

Consolidated Financial Performance for Q4FY21 v/s Q3FY21 (Corresponding Quarter)

  • Revenue of Rs. 233.02 crore v/s. Rs. 223.90 crore [á4%]
  • EBITDA of Rs. 33.25 crore v/s. Rs. 31.94 crore
  • PAT of Rs. 24.67 crore v/s. Rs. 26.35 crore

Hyderabad, April 29, 2021: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended March 31, 2021.

The company’s reported Net Profit for Q4FY21 stood at Rs 24.67 crore as against Net Profit of Rs 26.35 crore in Q3FY21.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.02 crore as against Rs 223.90 crore in Q3FY21.

EBIDTA for the March quarter was at Rs 33.25 crore and EBIDTA margin stood at 14.3%.

In Q4FY21 the Board of Directors recommended dividend of Rs. 2.50/- per share on face value of Rs. 10/- each, subjected to the approval of shareholders in the Annual General Meeting of the Company.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, I am happy to announce that we delivered a good performance for Q4 and year ended FY21 which is in line with our goals. Even with COVID-19 disrupting the economy, we were able to lay a strong foundation and consolidate our position.”

“We continued to generate a positive cash flow. I am happy that the board recommended maiden dividend of 25% and as a part of prudent governance we have also approved a dividend policy for the benefit of the investors. The company has entered the new financial year with a healthy sales run rate and a good order book position and is confident of marching ahead positively in the coming years”, he added.

Highlights for the quarter ended March 31, 2021

  • Revenue from top 5 clients contributed approximately 21.0% of the Revenue
  • BFSI, Retail & e-Commerce and Travel & Transport sectors contributed the most to the revenue for Q4FY21
  • Revenue split geographically: North America & Canada – 89%, UK & Europe – 7%, Rest of the World 4%

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.

For further information, please contact:

Omkar Jalgaonkar / Raveena Shetty
Adfactors PR ltd
Mob: 9821080048 / 9870836138 / 9769539969
Email: omkar.jalgaonkar@adfactorspr.com
raveena.shetty@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Dallas, April 8, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Jayabrata Nag as their Vice President and Global Head of Partnership and Alliances, responsible for building strategic partnerships that contribute to the overall growth and expansion of the company.

Jayabrata comes with 22 years of experience as an accomplished partnership, strategy, marketing and business development leader with a proven track record in leading high-impact strategic initiatives across global markets. When engaging Fortune 500 enterprises as well as born-digital start-ups, he focuses on enterprise IT products and services addressing Digital transformations, Data and Analytics led competitive advantages, Hyperautomation benefits, experience enrichment through Conversational Computing with AI driven NLP, Cybersecurity, and Hybrid Cloud technologies. He has delivered strong consistent results for global IT leaders such as HCL Technologies and Infosys across multiple verticals including BFSI, Healthcare, Life Sciences, Media & Entertainment, Education, and other industries.

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Cigniti Technologies appoints Jayabrata Nag as VP & Global Head of Partnership and Alliances

Dallas, April 8, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Jayabrata Nag as their Vice President and Global Head of Partnership and Alliances, responsible for building strategic partnerships that contribute to the overall growth and expansion of the company.

Jayabrata comes with 22 years of experience as an accomplished partnership, strategy, marketing and business development leader with a proven track record in leading high-impact strategic initiatives across global markets. When engaging Fortune 500 enterprises as well as born-digital start-ups, he focuses on enterprise IT products and services addressing Digital transformations, Data and Analytics led competitive advantages, Hyperautomation benefits, experience enrichment through Conversational Computing with AI driven NLP, Cybersecurity, and Hybrid Cloud technologies. He has delivered strong consistent results for global IT leaders such as HCL Technologies and Infosys across multiple verticals including BFSI, Healthcare, Life Sciences, Media & Entertainment, Education, and other industries.

Announcing on Jayabrata’s appointment, Srikanth Chakkilam, CEO at Cigniti said, “at Cigniti, we have been working with several leading tool vendors to offer better solutions to our clients. The hiring of Jayabrata is a strategic one as we aim to institutionalize the partnerships with these vendors that would help exponential business growth. We have also identified few business partners based on growth and long-term strategy of the company to generate revenue through these channels by building capability and GTM plans.”

Jayabrata holds an MBA in Marketing from IMI, New Delhi, India.

About Cigniti: Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,700+ 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.

Contact: Midhun.pingili@cigniti.com

Building The Smart Fabric Of 5G Connectivity With Experience Assurance

Businessworld, 10 Mar 2021

Building The Smart Fabric Of 5G Connectivity With Experience Assurance

A century after the 1918 flu, another pandemic struck the world. However, there is a world of a difference in the way the two pandemics have been navigated through and controlled, especially in terms of crisis communication. Today, we no longer need to dispatch boy scout armies to announce safety protocols and infection control guidelines to the general public. All the information that we need is available on the internet with only a few taps, sometimes even with just a voice instruction to smart assistants like Siri and Alexa.

In all fairness, hundred years seem like an ample period of time to bring about such a major transition. But since the invention of the world wide web about 30 years ago, the degree and scale of evolution of network technology have been unprecedented. As we gear up to leverage the 5G experience of negligible latency and real-time data transmission, it is interesting to see that the internet has transitioned from being a luxury almost a decade back to an absolute necessity to keep up with the constantly changing consumer needs and market dynamics.

Accelerate Your Agile And DevOps Journey With Continuous Testing

Speakers:

Diego Lo Giudice - Vice President & Principal Analyst at Forrester Research
Christi Liebe - Global Chief Information Officer at Omni Logistics
Pradeep Govindasamy - CTO & President at Cigniti Technologies

Abstract:

The implementation and success of digital offerings are pivotal to the success of enterprises’ business growth. In the path to Agile and DevOps success, organizations need to ensure that all components of their IT processes adapt quickly and effectively. How IT leaders choose to future-proof their software testing capabilities has a critical impact on the efficiency and strength of their IT transformations.

Firms need to stay ahead of business outcomes by being mindful of the approach and providers that enable them to optimize and accelerate their testing capabilities. Attend the session to understand how your peers are adapting their testing strategy and implementation to current Agile and DevOps needs, how to optimize partnerships, and how to navigate upcoming challenges in an age of speed and quality.

Key Takeaways:

  • Key findings from a targeted Forrester study involving 100 IT decision-makers in the US and UK.
  • Leading views on achieving the balance between quality and speed.
  • To address the software testing challenges that hinder your digital acceleration.

Cigniti Technologies Q3FY21 Revenue

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.

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
chintan.kotak@adfactorspr.com
raveena.shetty@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

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.”

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 EngineeringAdvisory & TransformationDigital 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

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://www.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

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.

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

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.

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

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.