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Technology Stocks : Cognizant Technology Solutions Inc (CTSH)
CTSH 85.27-0.6%Jan 9 9:30 AM EST

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From: JakeStraw12/16/2016 8:12:02 AM
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Cognizant to Acquire Adaptra, an Insurance Consulting and Business Transformation Company in Australia
finance.yahoo.com

Founded in 1998, 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 such as underwriting, policy administration, claims management, and billing. This helps insurers increase speed-to-market, transform core processing to improve customer experience, drive competitiveness and product differentiation, and empower agents to digitally engage with customers.

The acquisition further strengthens Cognizant's 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. The terms of the transaction were not disclosed.
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