News

Cigniti expands its global footprint in Central Europe with opening of an office in Czech Republic

Prague, 8th Sep 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing Services company, announced the opening of their office in Prague, Czech Republic. With this new expansion, Cigniti further extends its global footprint in the European region to meet the growing digital transformation needs of leading enterprises based in the region. Cigniti is currently serving enterprises from eight countries in the Europe and the U.K.

“Being the best country for business in Central and Eastern Europe (CEE), with rich scientific tradition, incredible talent pool, and well developed R&D infrastructure that supports business’s ecosystem, Czech Republic was a natural choice for us as we looked at expanding our presence in the Europe region,” said Srikanth Chakkilam, CEO, Cigniti.

“This new office will enable us to be more agile and responsive towards the needs of our existing clients in the region and serve them from close proximity. This will also be the nearshore delivery centre for our clients in the UK & EU and tap into the rich talent pool available locally” said Nanda Padmaraju, Cigniti’s head of RoW business.

Cigniti Technologies to host Cignithon – a Global Testing Hackathon

Mumbai, September 03, 2021- Cigniti Technologies, the world’s leading independent Quality Engineering & Software Testing services company is hosting Cignithon, an annual global software testing hackathon on September 4, 2021, virtually from 10 AM IST to 9 PM IST on 5th September 2021.

Cignithon is a platform for testers to compete globally and test live products for Functionality, UI, and Security, as well as to test applications from different domains and tech stacks. It is a great platform that enables participants to network and interact with professionals from the same community and share their ideas.

Cigniti Recognized as Strong Performer in Continuous Automation and Testing Services Report by Independent Research Firm

According to the report, Cigniti Technologies is one of the top three pure play Continuous Automation and Testing (CAT) services providers, focused on Agile, DevOps, and RPA services.

DALLAS August 11, 2021 - Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company that brings the power of AI into Agile and DevOps to accelerate enterprise digital transformation, today announced that Forrester Research has recognized Cigniti as a Strong Performer in The Forrester Wave™: Continuous Automation and Testing Services, Q3 2021 evaluation.

Cigniti Technologies Q1FY22 Revenue

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

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 Technologies Q4FY21 Revenue

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.

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.

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.

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 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 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.

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.

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.

Transforming Business Processes With Intelligent Analytics

Srikanth Chakkilam - Transforming Business Processes With Intelligent Analytics

"Business transformation in the time of digital dominance is not only about changing your organizational culture, processes, tools, and technologies. If you dig deeper to the core of it all, you will realize that this digital business transformation is actually about the shift from an intuitive way of decision-making to an informed one that makes businesses customer-centric and capable of delivering incredible customer experiences", says Srikanth Chakkilam, CEO at Cigniti Technologies.

Check the article published in the CEOInsights India magazine where Srikanth Chakkilam talks about how intelligent analytics can drive successful business transformation.

Cigniti Technologies is now a proud Underwriter of PhillyCIO

PHILADELPHIA - (BUSINESS WIRE)- Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of PhillyCIO, a local arm of the InspireCIO Leadership Network. Together, they regularly convene leading CIOs, foster meaningful relationships and help CIOs thrive in today’s most challenging C-suite executive role.

As an Underwriter of PhillyCIO , Cigniti would be part of InspireCIO programs such as CIO Philadelphia Advisory Board Meetings, PhillyCIO Awards Nominee Event, PhillyCIO Awards Finalist Event, CIO Only Programs, CIO Wine Experience, and Philadelphia CIO of the Year ORBIE Awards and for the promotions purposes by leveraging the key resources to support the expansion.

Toyota Motor Corporation Australia Selects Cigniti Technologies as a Strategic Quality Engineering Partner

MELBOURNE, Australia - (BUSINESS WIRE) - Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Quality Engineering panel vendor for Toyota Motor Corporation Australia (TMCA), a subsidiary of Toyota Motor Corporation, to help accelerate its Quality & Digital transformation journey over the next 3 years.

Speaking on the occasion, Srikanth Chakkilam, CEO at Cigniti Technologies, said: “It is exciting and a proud moment for all of us at Cigniti to serve a leading automobile company. In this IOT enabled future of connected and autonomous vehicles, Technology will disrupt the entire automobile value chain. Software is going to greatly influence the future of the automobile industry. Digital transformation in the automobile industry will take place in the future across the value chain from the connected supply chain and manufacturing, to providing a virtual experience in the car buying process, Car Mobility as a Service, and autonomous driving. It is very important to ensure that high quality software will enhance the customer experience.”

Cigniti Tech Q2 net profit drops 29% to Rs 25 crore

IT firm Cigniti Technologies on Thursday posted a 29 per cent decline in its consolidated net profit at Rs 25 crore for the second quarter ended September 2020, mainly on account of a one-time provisioning against an income tax order.

The company had logged a net profit of Rs 35.72 crore in the same quarter a year ago.

Commenting on results, Cigniti Technologies Chief Financial Officer Krishnan Venkatchary told PTI that the company's year-on-year profit has come down on account of one-time write-off of around Rs 8.95 crore which was necessitated for an income tax order received around transfer pricing for 4 years between 2015-2018 in the US.

Cigniti’s Kalyana Rao Konda Joins the Board of Philadelphia Alliance for Capital and Technologies (PACT)

PHILADELPHIA - (BUSINESS WIRE) - Philadelphia Alliance for Capital and Technologies (PACT), an Affiliate of the Chamber of Commerce for Greater Philadelphia (The Chamber), inducted Kalyana Rao Konda, President at Cigniti Technologies into its board of directors, earlier this month.

Kalyana Rao Konda (Kalyan) is the President at Cigniti. He drives business growth and ensures client success for Cigniti and wears multiple hats including operational planning, sales management, marketing, partnership alliances, customer success, designing custom solutions and ensuring great service delivery. Kalyan is a thought leader in the Quality Engineering space, has been a speaker at multiple industry forums and has a patent pending at USPTO for intelligent test scenario generation.

Cigniti Technologies is now a proud Underwriter of HoustonCIO

Houston, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of HoustonCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Houston IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Houston to a single platform.

As an Underwriter of HoustonCIO association, Cigniti would be a part of the Inspire CIO programs such as HoustonCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Houston CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

Cigniti Technologies is now a proud Underwriter of CharlotteCIO

Charlotte, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of CharlotteCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Charlotte IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Charlotte to a single platform.

As an Underwriter of CharlotteCIO, Cigniti would be a part of the InspireCIO programs such as CharlotteCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Charlotte CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.