Press Releases

Consolidated Revenue Rs. 468.02 crores and Net Profit Rs.48.04 Cr
Standalone Revenue Rs. 202.86 crores and Net Profit Rs. 29.50 Cr

Consolidated Financial Performance for Q3YF24 v/s Q3FY23 (Corresponding Year)

• Revenue of 468.02 crore v/s. Rs. 427.99 crore [9.4%]
• Reported EBITDA of 64.57 crore v/s. Rs. 64.02 crore [0.9%]
• PAT of 48.04 crore v/s. Rs. 46.55 crore [3.2%]

Consolidated Financial Performance for Q3FY24 v/s Q2FY24 (Sequential Quarter)

• Revenue of 468.02 crore v/s. Rs. 451.83 crore [3.6%]
• EBITDA reported of 64.57 crore v/s. Rs. 64.83 crore [-0.4%]
• PAT of 48.04 crore v/s. Rs. 45.86 crore [4.8%]

Consolidated Financial Performance for 9M FY24 v/s 9M FY23 (Corresponding Quarter)

• Revenue of 1,359.37 crore v/s. Rs. 1,222.61 crore [11.2%]
• EBITDA reported of 191.46 crore v/s. Rs. 169.33 crore [13.1%]
• PAT of 138.46 crore v/s. Rs. 119.08 crore [16.3%]

Hyderabad, February 6th, 2024: Cigniti Technologies Limited, world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, announced the consolidated financial results for the quarter ended December 31, 2023.

For the quarter under consideration, the company's consolidated revenue from operations stood at Rs. 468.02 crore as against Rs. 451.83 crore in Q2FY24.

EBIDTA margin for the quarter ending on December 31, 2023 stood at Rs. 64.57 crore as against Rs. 64.83 crore in Q2FY24.

Profit After Tax incurred by the company for the quarter ending on December 31, 2023 stood at Rs. 48.04 crore as against Rs. 45.86 crore in Q2FY24.

Commenting on the results, Mr. Srikanth Chakkilam, Chief Executive Officer, "Closing the third quarter of FY24 on a strong note, Cigniti Technologies has showcased resilience and growth amidst industry challenges. Our sequential revenue growth underscores the efficacy of our robust business practices and the steadfast execution of our strategies. The company won six new clients, made significant progress in generating opportunities for Digital Engineering services in existing accounts, and our pipeline for the rest of the year also looks robust.”

Highlights for the quarter ended December 31, 2023:

• Revenue from the top 5 clients contributed approximately 27.31% of the Revenue.
• BFSI, Retail & e-commerce and Travel, Transport & Hospitality sectors contributed in a major way to the revenue for Q3FY24.
• Revenue splits geographically: North America & Canada – 83.35%, UK & Europe – 8.41%, Rest of the World – 8.24%.

About Cigniti Technologies Limited:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World’s Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. Headquartered in Hyderabad, India, Cigniti’s 4100+ employees help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains.

To learn more, visit www.cigniti.com.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

Hyderabad, 29^th Dec: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company inaugurated a new Offshore Delivery Centre (ODC) in the International Tech Park, Hyderabad. The facility was inaugurated by Mr. C V Subramanyam, Chairman, and Mr. Srikanth Chakkilam, CEO of Cigniti.

The newly inaugurated office space of around 40,000 sq. ft accommodates 400 professionals adding to the current 2 lakh sq. ft. The ODC is equipped with two state-of-the-art training centers that foster continuous learning and innovation. In the near future, Cigniti plans to add a digital experience center in the newly inaugurated facility.

Speaking on the occasion, Mr. Srikanth Chakkilam, CEO of Cigniti Technologies stated, "As we step into a new year, the inauguration of our ODC symbolizes the beginning of a chapter filled with possibilities and opportunities. This expansion not only amplifies our capabilities but also underscores our commitment to providing a world-class work environment for our employees. With additional space, advanced facilities, and enhanced infrastructure, we are poised to elevate the employee experience, fostering collaboration and innovation."

About Cigniti Technologies
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the world’s leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP and platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, the Czech Republic, and Singapore. To learn more, visit www.cigniti.com.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | mediarelations@cigniti.com

Dallas, 06^th Dec: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company is positioned as a Major Player in IDC MarketScape: Worldwide Software Engineering Services 2023 Vendor Assessment (doc #US51330523, November 2023).

The IDC MarketScape study states that enterprises are increasingly partnering with software engineering services providers as software continues to permeate every aspect of product and operations transformation. Every stage of the software product or platform development life cycle is getting modernized by leveraging cloud, generative AI/ML (machine learning), analytics, and new software methodologies such as Agile, microservices, continuous integration/continuous delivery (CI/CD), docker, Kubernetes, and containerization.

According to the report, “Cigniti’s customers rated the company highly for its innovative services delivery and its ability to communicate the value of its software engineering services and how it positively impacts their business. IDC rated Cigniti highly for its strategy to strengthen its services across each ISV, software platforms, and custom software product development services capabilities. Cigniti’s customers were appreciative of its ability to offer the full life cycle of services, which included business problem understanding, design thinking, and software engineering services.”

According to the author Mukesh Dialani, Research VP, Digital Engineering and OT Services at IDC, “Customers expect the provider to bring talent that demonstrates high quality of skills, insights, and knowledge for software engineering, how the partner helps them achieve the desired business priorities and KPI’s (key performance indicators), security and governance skills, capability related to data, analytics and cloud for software engineering and finally their flexibility in pricing and contracting models. Those providers that excel in these leading customer expectations will see higher growth in their software engineering services business.”

Commenting on this recognition, Srikanth Chakkilam, CEO of Cigniti Technologies, stated, "We believe this acknowledgment from the IDC MarketScape reflects the trust our customers place in us and also our ability to positively impact their businesses throughout the entire software development life cycle. Having helped numerous Fortune 500 and Global 2000 companies in assuring digital experiences to their end customers in the Quality Engineering space, this recognition strengthens our capacity of up-selling and cross-selling our Software Engineering capabilities.”

Sairam Vedam, CMO of Cigniti Technologies, added, “We believe Cigniti stands at the forefront of the digital evolution and this recognition from the IDC MarketScape further strengthens our foray into Digital Engineering Services, as we continue to provide innovative solutions and pushing the boundaries of excellence in the ever-evolving landscape of software development and technology integration."

For more information about Cigniti's recognition as a Major Player in the IDC MarketScape report, access the report here.

About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Cigniti Technologies
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the world’s leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP and platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE,

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

Dallas, 31^st Oct: Hyderabad Software Enterprises Association (HYSEA) and Montgomery County, Maryland has signed an MoU, announcing the strategic partnership in nurturing the startup and innovation ecosystem in both Montgomery County, Maryland and Hyderabad, India. Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company played an instrumental role in bringing both the bodies in signing the MoU.

This partnership would facilitate interactions among startups, corporations, academic institutions, and other stakeholders in these two growing regions, to fortify the business ecosystems and enhance business growth support resources available to enterprises in both countries.

The MoU between Montgomery County and HYSEA has been signed in the presence of Mr. C V Subramanyam (Chairman & MD, Cigniti);  Mr. Marc Elrich (County Executive, Montgomery County), Ms. Manisha Saboo (President, HYSEA), Mr. Pavan Bezwada (Commissioner, Maryland Governors Commission on South Asian American Affairs); Sairam Vedam (Chief Marketing Officer, Cigniti) along with other Cigniti and HYSEA leaders.

The event was attended by 60+ delegates focused on Software and IT services, and advanced digital technologies (i.e., AI, IoT, satellite, MedTech, hospitality tech, robotics) to explore opportunities for technology collaboration and local economic growth.

About HYSEA
HYSEA is a unique industry initiative and a non-profit organization that strives to bring together the various IT and ITeS Organizations in Telangana under one umbrella to network, share knowledge and work closely with the Government and other industry stakeholders to expand into new areas of business, social development and economic prosperity of the state.

The association is 30 years old and has more than 300+ registered members, representing nearly 90% of Telangana’s IT/ITeS industry revenue and employee headcount. HYSEA member list includes a judicious mix of Large, Medium and Small, Indian and MNC companies such as Infosys, Intel, Micron, Wipro, Cognizant, TCS, Tech Mahindra, Capgemini, Deloitte, Cigniti Technologies,  Qualcomm, Microsoft, HSBC, ZF, WellsFargo, State Street, Google, Firstsource, Broadridge, Chubb, Infor, Micron, Valuemomentum, OpenText, ValueLabs, Synchrony, ZenQ, Innominds, Invenio, OSI Digital, Informatica, EnergyTech Global, TechEra IT Consulting and more from the Software Services, BPO, and Product segments.

About Montgomery County
Montgomery County, the largest jurisdiction in Maryland, USA, is among the most diverse and highly educated communities in the United States and has many citizens with families in India. The County is in the center of the 3^rd largest bio health cluster and 4^th largest technology talent pool in America. Adjacent to Washington, DC, this County also is home to numerous U.S. federal agencies (including the National Institutes of Health, the Food and Drug Administration, the National Institutes of Standards and Technology, and the National Cybersecurity Center of Excellence), and many advanced technology (i.e., IT, IoT, satellite, MedTech, hospitality tech, robotics) businesses, private and nonprofit research organizations. It now also is home to a new University of Maryland Institute for Health Computing which will leverage AI for population health, precision medicine, and drug discovery.

About Cigniti Technologies
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the world’s leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP and platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

26^th October, Hyderabad, India: Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, is honored to receive the ISG Case Study Standout Award in the Education category for its AI/ML decision-making predictive model work for Adelphoi, a leading non-profit organization based in the US.

ISG Case Study Standouts—an evolution of the ISG Digital Case Study Awards program—recognize the best-in-class work of service providers in collaboration with enterprise clients. Companies worldwide submitted their case studies, which underwent validation by the client organization and ISG digital researchers, resulting in a selection based on a comprehensive analysis of the real-world effects of digital transformation on the client's business and the distinctiveness of the provider's solutions.

Adelphoi is a non-profit organization that provides outcome-based solutions for neglected, delinquent, abused, and other at-risk children and their families, combining treatment and mental health services. Cigniti's case study recognition for Adelphoi is for its AI/ML decision-making predictive model that leveraged historical data to recommend the most suitable treatment program for each child, enhancing overall care and minimizing the percentage of 'return to care.'

"The accelerated adoption of digital technologies and business models was strongly evident in the case studies we received this year," said Paul Reynolds, ISG partner and chief research officer. "The Cigniti Technologies case study with Adelphoi is a standout example of how AI/ML can be a differentiator to accelerate product development and attain first-mover advantage in a new and unexplored market."

Commenting on this recognition, Srikanth Chakkilam, CEO of Cigniti Technologies, stated, "We are happy to receive the ISG Case Study Standout award for Cigniti's expertise in operationalizing data to build a reliable and validated model for Adelphoi. This case study is a classic example of leveraging Technology for Good. AI/ML is experiencing an unprecedented boom, transforming how businesses operate, and this recognition underscores Cigniti's position as the frontrunner in harnessing the power of AI/ML for tangible, real-world results. At Cigniti, we offer transformative solutions that bridge the gap between cutting-edge technology and real-world impact. This accolade reflects Cigniti's unwavering commitment to innovation and excellence in leveraging technology for positive change to all our global clients."

Mark Mortimer, COO of Adelphoi, commented, "We are thrilled to have collaborated with Cigniti Technologies on this ground-breaking project. Their dedication, expertise, and unwavering commitment to excellence have culminated in a transformative predictive analytics software model. This software will reduce treatment time and improve outcomes for countless youth in the child welfare and juvenile justice systems."

To read the case study, click here.

About Cigniti Technologies
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the world's leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP and platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

For media inquiries, please contact:
Midhun Pingili, AVP – Marketing | +91 8886093093 | Midhun.pingili@cigniti.com

London, 5^th October: Cigniti Technologies Limited, the world’s leading AI & IP-led Digital Assurance and Digital Engineering Services company, has achieved the Trusted Information Security Assessment Exchange (TISAX) Label 2 Certification with Maturity Level 3 for its Digital Assurance and Quality Engineering Services in the India and Europe regions in the Automotive Industry.

TISAX is an association of leading German automakers and their top suppliers, aiming to safeguard intellectual property, ensure security, and uphold privacy regulations throughout the automotive supply chain. ENX, a renowned German association, issues this globally recognized certification.

Srikanth Chakkilam, CEO and Director, Cigniti Technologies Inc stated “ The automotive industry is one of the most targeted sectors for cyberattacks, with an average of 270 attacks per organization per day in 2022 according to recent reports. In light of these risks, it is more important than ever for automotive suppliers to implement robust cybersecurity measures. This recognition underscores our commitment to delivering the highest standards of quality and security in our Digital Assurance and Quality Engineering services to our global clients. At Cigniti, we remain committed to delivering excellence, and together with our clients, we will continue to drive innovation and secure success in an increasingly interconnected world.”

Commenting on the achievement, Cigniti’s Chief Delivery Officer, Raghu Krovvidy stated "As the automotive industry races towards a future defined by innovation and digital transformation, cybersecurity stands as the cornerstone of trust and reliability. The mandate for TISAX certification echoes the industry's commitment to safeguarding critical data and ensuring the resilience of our interconnected ecosystem. Cigniti’s achievement of the esteemed TISAX Label 2 Certification with Maturity Level 3 is a testament to our unwavering dedication to security excellence. This milestone propels us into the role of a trusted partner for manufacturers, OEMs, and global automotive clients, empowering them to accelerate their digital journeys with confidence and assurance."

About Cigniti Technologies:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the world's leading AI & IP-led Digital Assurance and Digital Engineering services company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & platform-led innovation with expertise across multiple verticals and domains. Our industry-leading Digital Assurance and AI-led Digital Engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, Singapore, and Costa Rica. To know more about Cigniti, visit: www.cigniti.com

For media inquiries, please contact:
Midhun Pingili
AVP – Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Dallas, 28 August 2023 - Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, has been recognized as a Contender in Digital Innovation Services and Managed Services categories in the US and Europe regions in the ISG Provider Lens™ Retail & CPG Services 2023 Study.

The study evaluates service providers based on their ability to address the unique challenges and opportunities faced by organizations within the Retail & CPG sector.

Philip Carnelley, Lead Analyst from ISG, said, "Cigniti’s capabilities in Digital Engineering and Digital Assurance make it a contender for large and medium-sized US and European Retail/CPG companies to consider for their digital innovation journeys. Notable capabilities include innovations in domain-specific use cases around Computer Vision, Robotics, and Data Engineering alongside considerable strength in Managed Services, especially in the testing arena, combined with experience in all the major applications software suppliers.”

Srikanth Chakkilam, CEO of Cigniti Technologies, stated, "Being acknowledged by ISG as a contender in the Digital Innovation Services and Managed Services showcases our commitment to solidify our retail presence while expanding into other promising areas. The new digital technological advancements are transforming the retail customer experience, leading to substantial investments in this area. Retail remains one of our top revenue-generating verticals, constituting over 23% of our revenue. Throughout our journey, we have collaborated with Global 2000 and Fortune 500 Retail and CPG companies delivering Digital assurance services. This recognition motivates us to have deeper conversations with our customers to understand and accelerate their digital journeys.”

Sairam Vedam, CMO of Cigniti Technologies, added, "Cigniti's recognition as a Contender in Digital Innovation Services and Managed Services by ISG in the US and Europe regions underscores our commitment to driving transformative solutions. We take pride in our AI & IP-led approach, which empowers Retail & CPG companies with cutting-edge Digital Engineering and Digital Assurance capabilities to enhance customer experiences and contribute to the success of businesses in the retail and CPG sectors. Our expertise in emerging technologies such as Computer Vision, Robotics, Data Engineering, and more positions us as a valuable partner for organizations seeking innovation and excellence in this dynamic sector.”

To view the charts, click here.

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Dallas, July 25, 2023 - Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, is delighted to announce that for the first time that its IP, Zastra^TM, has been recognized as one of the notable vendors in Forrester's report titled "The Computer Vision Tools Landscape, Q2 2023."

Zastra™, Cigniti’s Computer Vision (CV) Platform offering is identified in the report as a general purpose foundation, built to be extensible, that can be used to build any type of application. As an Enterprise-grade Annotation & Collaboration Platform for Digital Engineering services, Zastra^TM employs advanced Active Learning techniques, reducing annotation efforts by up to 70% while ensuring top-notch detection, classification, and segmentation of image and video datasets.

The report states that “Computer vision technologies are still evolving — with advances in modeling, data labeling, and tool development continuing to push this space forward decades after its first emergence. CV tools can offer state-of-the-art technologies and provide use-case-specific functions that make pervasive AI possible. Hyperscalers are promoting computer vision services as an extension of their AI/ML platforms. Pure-play vendors have prioritized verticals and are expanding coverage to more types of customers. Tech leaders and business professionals will face a plethora of vendor options and should pay attention to the market dynamics”

Srikanth Chakkilam, Chief Executive Officer, Cigniti Technologies, said, "According to recent reports, the majority of companies with data and analytics decision-makers who are adopting AI technologies are planning to boost their investments in computer and machine vision in the upcoming year. From enhancing medical diagnoses to improving quality control in manufacturing, Computer Vision is transforming operations and unlocking new opportunities across industries. For us, this recognition further bolsters Zastra^TM’s industry-proven capabilities as a computer vision tool that helps global organizations harness the power of AI in their digital transformation journeys.”

Sairam Vedam, Chief Marketing Officer at Cigniti Technologies, added, “The recognition of Zastra^TM in Forrester's report is, in our opinion, a testament to the company's expertise in computer vision and its commitment to delivering innovative solutions. Zastra^TM empowers organizations to enhance visual analysis and optimize various computer vision use cases through its comprehensive suite of tools, frameworks, and methodologies. We are proud to contribute to the future of computer vision and remain committed to driving innovation in the Digital Assurance and Digital Engineering space and be at the frontiers of an AI-led future.”

Forrester defines Computer Vision tools as "Software tools, software development kits (SDKs), and platforms that assist in both the development and deployment of computer vision models for multiple enterprise-level use cases. They include tools for data ingestion, data augmentation, model training, testing, and/or deployment."

Access the full report here.

About Cigniti Technologies:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World's Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore. To know more about Cigniti, visit: www.cigniti.com

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Dallas, Jul 20, 2023 - Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, is recognized as a Leader in Overall Quality Engineering, AI-based Analytics and Automation, Application Security Testing, Cloud Migration, and RPA; Innovator in UX Testing and as a Major Player in ERP and COTS Testing in the NelsonHall's NEAT report "Quality Engineering 2023”.

NelsonHall has also published a profile report covering Cigniti's Quality Engineering capabilities and innovation investments in the testing and assurance world and also touched upon our Quality-led Digital Engineering Strategy/Roadmap.

Cigniti's consistent recognition as a Leader, Innovator, and Major Player in the NEAT report anchors its position as a trusted partner for global enterprises that are seeking to ensure the quality, security, and performance of their software applications.

Dominique Raviart, NelsonHall’s IT Services Practice Director, said “Since NelsonHall started evaluating Quality Engineering firms, Cigniti has consistently improved its positioning in our NEAT vendor evaluations. NelsonHall welcomes Cigniti’s automation investments in Functional Testing, such as its iNStaTM AI capability, and its investments beyond functional testing to include, for example, UX Testing.”

Srikanth Chakkilam, Chief Executive Officer at Cigniti Technologies, commented, "We are honored to receive this distinguished recognition from NelsonHall, solidifying our position as leaders in Quality Engineering. It reaffirms Cigniti's commitment to delivering cutting-edge Quality Engineering solutions and showcases its ability to drive innovation in the Software Testing industry. Our focus on AI-based analytics, automation, and cutting-edge technologies has enabled us to deliver exceptional client outcomes. Together, we will continue to lead the way in transforming the industry and exceeding our clients’ expectations by truly delivering frictionless digital customer experiences through impeccable Digital Assurance services.”

Sairam Vedam, Chief Marketing Officer at Cigniti Technologies, added, "Being positioned in NelsonHall's NEAT report is a testament to our continued recognition as a market leader. Our comprehensive portfolio of IP-led services, combined with a robust reference architecture and cutting-edge labs, showcases our dedication to delivering top-notch solutions. From Continuous Testing and Application Migration to Cloud Testing and AI-based automation and analytics, RPA, UX Testing, and Application Security Testing, we constantly enhance our IPs and tools. At Cigniti, we are not just shaping the future of software testing and quality engineering; we are redefining it. Our relentless pursuit of innovation and customer satisfaction is what sets us apart.”

Access the full report here.

About Cigniti Technologies:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the world's leading AI & IP-led Digital Assurance and Digital Engineering services company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & platform-led innovation with expertise across multiple verticals and domains. Our industry-leading Digital Assurance and AI-led Digital Engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, Singapore, and Costa Rica. To know more about Cigniti, visit: www.cigniti.com

About NelsonHall:
NelsonHall is a renowned global research and advisory firm specializing in business process outsourcing (BPO), IT services, and digital transformation. With a wealth of expertise and industry insights, NelsonHall assists organizations in understanding market dynamics, identifying strategic opportunities, and making informed decisions to optimize their operational efficiency and achieve business objectives. By providing comprehensive analysis and vendor assessments, NelsonHall helps businesses navigate the rapidly evolving technology landscape and stay ahead in the competitive market. For more information visit https://research.nelson-hall.com/

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, is delighted to announce its recognition as Product Challengers and Contenders in the ISG Provider Lens™ Digital Engineering Services 2023 Study. This recognition is a testament to Cigniti's commitment to delivering innovative and transformative digital engineering solutions to its clients across the US and Europe regions.

• In the US region, Cigniti has been recognized as Product Challengers in Design & Development, Integrated Customer/User Engagement, Platform & Application Services, and Contenders in Intelligent Operations quadrants.
• In the Europe region, Cigniti has been recognized as Contenders in Design & Development, Integrated Customer/User Engagement, Platform & Application Services, and Intelligent Operations quadrants.

Srikanth Chakkilam, Chief Executive Officer at Cigniti Technologies, commented, "We are honored to be recognized as Product Challengers and Contenders in the ISG Provider Lens™ Digital Engineering Services 2023 Study. This recognition is a firm step towards our journey of becoming a leading quality-first digital engineering services player and accomplish our stated objectives. This acknowledgment validates our dedication to innovation and our ability to deliver high-quality digital engineering solutions to our clients. It reinforces our position as a trusted partner for organizations seeking quality-led digital engineering services where that can truly accelerate digital transformation and deliver enhanced customer experiences."

Sairam Vedam, Chief Marketing Officer at Cigniti Technologies, added, "We are delighted to receive this recognition from ISG. Being acknowledged as Product Challengers and Contenders in multiple quadrants demonstrates our expertise across different aspects of digital engineering services. This surely elevates our positioning in achieving significant mindshare amongst our customers to become a trusted partner of digital-led business growth. As software sits at the center of every company’s digital charter, our resolve to offer a confluence of AI and IP-led Digital engineering services with an incredible ability to put quality at the digital core is further elevated. This recognition motivates us to have deeper conversations with our customers to understand and accelerate their digital journeys."

The ISG Provider Lens™ Digital Engineering Services 2023 Study evaluates the capabilities and competencies of service providers in delivering digital engineering services to clients across US and EU. It serves as a valuable resource for organizations seeking reliable partners for their digital transformation initiatives.

“Cigniti has built and deployed world-class accelerators to enable clients' digital transformations in a strongly differentiated quality-assured, IP and innovation-led approach. Their solutions like Zastra.ai, the BlueSwan™ offerings including Velocita, Praxia, CESA, etc. enable key customer functions in digital engineering and transformation in a proven, industry-relevant manner.” Dr. Tapati Bandopadhyay, Lead Analyst

“Cigniti has demonstrated a promise to lead the path to become a full-cycle Digital Engineering Company through its proprietary platforms and integrated strategies across the end-to-end value chain through the levers like Quality Engineering, Digital Assurance, Advisory, & Transformation and a laser-sharp focus on Digital Engineering.” Shirish Kulkarni, Lead Analyst

The report highlights, “Digital engineering is driving interventions across industries to increase efficiencies and effectiveness, the following trends that are evident across the providers to disrupt the market in the Digital Engineering Space, Engineering R&D (ER&D) becoming a strength, Focus on software to be central for digital offerings, CX is a key driver for success in the long term, Global preparedness with the right competencies, Supply chains becoming visible and intelligent. The integration of technologies like mobility, big data, AI, ML, IIoT, and predictive analytics has led to the digitization of the entire value chain, encompassing various stages from product development to manufacturing and across industries.”

To view the charts, click here.

About Cigniti Technologies:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World’s Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore. To know more about Cigniti, visit: www.cigniti.com

About ISG:
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including digital engineering, automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

For media inquiries, please contact:
Midhun Pingili
Sr. Director, Marketing
+91 8886093093
Midhun.pingili@cigniti.com

Hyderabad, June 23^rd, 2023: Cigniti Technologies, the world's leading AI and IP-led Digital Assurance and Digital Engineering services company, has entered into a Memorandum of Understanding (MoU) with Mahatma Gandhi Institute of Technology (MGIT), a prestigious Hyderabad-based educational institution, to launch an innovative training program aimed at bridging the gap between academia and industry.

This association between Cigniti and MGIT aims to equip students with practical skills and technical knowledge that align with the demands of the ever-evolving IT industry. Leveraging Cigniti's industry experience, a customized training program has been curated to empower students with the necessary tech and professional skills, enabling them to excel in their careers. The comprehensive training program will include a robust curriculum aligned with industry requirements, hands-on workshops, and practice labs. Additionally, this collaboration will open doors for real-time projects, guest lectures by subject matter experts (SMEs) from Cigniti, and potential internship opportunities, providing students with invaluable industry exposure.

"MGIT takes immense pride in announcing the signing of a Memorandum of Understanding (MoU) with Cigniti Technologies. This MoU signifies a strong bond between MGIT & Cigniti Technologies, built on shared values and a common vision to empower students and foster excellence. Through this collaboration, we aim to bridge the gap between academia and the industry, ensuring that our students are well-equipped to thrive in the ever-evolving world of technology." - Prof. G. Chandramohan Reddy, Principal, MGIT.

"Cigniti is happy to partner with MGIT to create a dynamic learning experience that combines academic knowledge and practical industry skills. Through this collaboration, we aim to nurture a well-prepared, skilled workforce to meet the industry's challenges. Cigniti brings its extensive expertise and industry insights to the table, leveraging its deep domain knowledge and global experience in technology through the C-ignite program. We believe this collaboration will bring immense value to Cigniti and MGIT."  - Veera Reddy Patlolla, Global Head of HR, Cigniti Technologies.

Along with Veera Reddy and Prof. Chandramohan Reddy, the signing ceremony was graced by the leadership team from both sides.

About Cigniti:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World's Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

To learn more, visit www.cigniti.com.

Contact
Midhun.pingili@cigniti.com  (+91 8886093093)

iNSta^TM, Cigniti’s AI-powered Scriptless Test Automation Platform, Wins Bronze Stevie^® Award and People's Choice Stevie^® Award in Low Code/No Code Platform Category

New York – June 14^th, 2023 – Cigniti Technologies, the world's leading AI and IP-led Digital Assurance and Digital Engineering services company, has won the Bronze Stevie^® Award in the Low Code/No Code Platform category in the 21^st Annual American Business Awards^® for its AI-powered scriptless test automation platform, iNSta^TM (part of BlueSwan^TM suite) next-generation software testing platform.

Cigniti’s iNSta^TM has also been named a Winner of the People's Choice Stevie^® Award for Favorite New Products in the No Code / Low Code category. The People's Choice Stevie Awards for Favorite New Products is a significant feature of The American Business Awards, allowing the general public to vote for their preferred new products and services of the year. This year, more than 41,000 votes were cast in the people's choice categories across product and service lines, making this recognition unique.

Cigniti’s Chief Executive Officer, Srikanth Chakkilam and Chief Revenue Officer, Vinay Rawat, accepted the award at the gala presentation ceremony in New York City on 13^th June 2023.

The American Business Awards (ABA) are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. More than 230 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

This prestigious award is a testament to Cigniti’s unwavering commitment to democratizing test script creation across different browsers and devices, allowing clients to break free from vendor lock-in through its innovative visual model-based recorder. Cigniti has reaffirmed its position as a leader in AI and IP-powered Digital Assurance & Digital Engineering services by winning this award.

iNSta^TM is a self-healing and ultra-accessible test automation interface that defines tests without writing code. It instantly enables building production-grade test automation suites and helps improve overall QA efficiency and effectiveness.

On receiving this esteemed honor, Cigniti’s CEO, Mr. Srikanth Chakkilam said, "The Bronze win for our iNSta^TM platform is an exciting moment for Cigniti and underscores our ongoing commitment to providing cutting-edge Digital Assurance and Digital Engineering services. This recognition highlights the incredible potential of our next-generation software testing platform, and we are elated to continue exploring new avenues to help clients break free from vendor lock-in. This award is a testament to our technical expertise and reinforces our commitment to providing clients value-added solutions that enhance their business outcomes."

“Low code/no code is revolutionizing how organizations build and automate, and we're proud to lead the way with our AI-powered Scriptless Test Automation Platform, iNSta^TM. This accolade underscores the remarkable value that iNSta^TM brings to the market, enabling businesses to accelerate their digital transformation journey with unprecedented efficiency and agility,” added Mr. Chakkilam.

“It is very gratifying for us to be able to recognize the achievements of such a wide variety of organizations, teams, and individuals in the 21^st ABAs, and we look forward to bringing them together in New York on 13^th June to celebrate with them,” said Maggie Miller, President of the Stevie Awards.

About Cigniti Technologies
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World’s Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. 4200+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains. Our industry-leading digital assurance and AI-led digital engineering services are helping global customers with measurable outcomes, millions of dollars of savings, and significant ROI. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

About Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards^®, The International Business Awards^®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

INVITATION: Broadcom and Cigniti to host “DevOps and Continuous Delivery: Go from Continuous Delivery to Accelerated Delivery of Your Digital Projects” webinar on June 29, 2023.

WHAT: Industry leaders from Broadcom, IDC, and Cigniti, come together during this virtual webinar to explore how to go from continuous delivery to accelerated delivery of your digital projects. Cigniti and Broadcom are focused on helping enterprises accelerate their digital transformation journey, enhance software quality, and ensure faster and more efficient software releases. By leveraging Cigniti's extensive experience in quality engineering and Broadcom's robust DevOps solutions, this partnership empowers businesses to achieve seamless integration, continuous testing, and streamlined delivery pipelines, enabling them to deliver high-quality software at an accelerated pace while maintaining reliability and customer satisfaction. This virtual webinar will highlight today’s challenges and opportunities for DevOps and Continuous Delivery.

WHY: With digital transformations being the topmost priority for most enterprises today, it becomes mission-critical for technology strategists and practitioners alike to find predictable routes to the successful completion of digital transformation projects. With many disparate and disconnected systems involved in the development and delivery of new offerings, products, and functionalities, it is a perennial challenge to provide adequate infrastructure and high-quality sample data during Continuous Development (CD) sprints, resulting in low Deployment Frequency, high Lead Time for Change, and a sub-par Change Failure Rate.

In this webinar designed for key decision-makers and technology teams, you will learn:

• How to avoid DevOps pipeline stalls and unforeseen slowdowns caused by the unavailability of essential resources
• How to avoid costly rework during the Testing cycle caused by the ingestion of poor-quality test data during the development cycle
• How to monitor and optimize the Return on Investment from deployment resources by enhancing Automation, increasing Observability, and better Outcome Measurement through DevOps process management metrics

WHO: “DevOps and Continuous Delivery: Go from Continuous Delivery to Accelerated Delivery of Your Digital Projects” will bring together the industry leaders, including:

• Martin Salgado, Architect from Broadcom
• Katie Norton, Senior Research Analyst from IDC
• Ramendeep Bhurjee, Vice President from Cigniti

WHEN: “DevOps and Continuous Delivery: Go from Continuous Delivery to Accelerated Delivery of Your Digital Projects” will be held on June 29, 2023, at 11:00 a.m. EST. Registration is free.

WHERE: Wherever you are – home office, study, kitchen, etc. Reserve your spot today here: https://register.gotowebinar.com/register/7131426251062993501

About Broadcom
Broadcom Inc., a Delaware corporation headquartered in San Jose, California, is a global infrastructure technology leader built on 50 years of innovation, collaboration, and engineering excellence. With roots based on the rich technical heritage of AT&T/Bell Labs, Lucent, and Hewlett-Packard/Agilent, Broadcom focuses on technologies that connect our world. Through the combination of industry leaders Broadcom, LSI, Broadcom Corporation, Brocade, CA Technologies, and Symantec, the company has the size, scope, and engineering talent to lead the industry into the future. Broadcom is focused on technology leadership and category-leading semiconductor and infrastructure software solutions. The company is a global leader in numerous product segments serving the world’s most successful companies. Broadcom combines global scale, engineering depth, broad product portfolio diversity, superior execution, and operational focus to deliver category-leading semiconductor and infrastructure software solutions so its customers can build and grow successful businesses in a constantly changing environment.

About Cigniti
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World’s Leading AI & IP-led Digital Assurance and Digital Engineering Services Company providing software quality engineering, software testing, automation, and consulting services. 4100+ Cignitians worldwide help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains. Our global customers have benefitted with measurable outcomes, millions of dollars of savings, significant ROI, and delightful, frictionless experiences utilizing our flagship digital assurance and full cycle software quality engineering services. Our AI-led digital engineering services cover Data engineering services, software platforms, and digital product engineering, AI/ML engineering services, intelligent automation, big data analytics, and Blockchain development. We are headquartered in Hyderabad, India, with global offices spread across the USA, Canada, UK, UAE, Australia, South Africa, Czech Republic, and Singapore.

To learn more, visit  www.cigniti.com.

Contact:
Midhun.pingili@cigniti.com (+91 8886093093)

Prestigious Global Annual Awards Program Recognizes Standout Digital Health & Medical Technology Products and Companies

Dallas, USA, May 8, 2023 – Cigniti Technologies, the world's leading AI and IP-led Digital Assurance and Digital Engineering services company, today announced that its Internet of Medical Things (IoMT) Digital Quality Engineering Automation framework has won the "Best IoT Healthcare Platform" award in the 7th annual MedTech Breakthrough Awards program. The award program conducted by MedTech Breakthrough, an independent market intelligence organization, recognizes the global health and medical technology market's top companies, technologies, and products.

Cigniti's Internet of Medical Things (IoMT) Digital Quality Engineering Automation framework ensures wearables can predict and customize required medicine intake and deliver with precision while adhering to USFDA regulations. The Software as a Medical Device (SaMD) platform is wholly automated with minimal/no human intervention and capable of performing negative testing to ensure that the wearable delivers the intended results.

On the occasion, Srikanth Chakkilam, CEO of Cigniti Technologies, said, "We are proud to be at the forefront of the rapidly evolving medical devices industry, where IoMT and connected devices are becoming increasingly important. IoMT can reduce cost, mitigate care coordination challenges faced by the healthcare industry, and increase the speed and precision of diagnosis and treatment in real-time. We are excited about the growing market for medical devices, and Cigniti is poised to continue its growth in the space. Winning the "Best IoT Healthcare Platform" is a testament to our expertise in digital assurance for medical devices compliant with FDA regulations."

"In healthcare, patients' lives are critical and therefore, the precision of connected devices is paramount. We must ensure that the ecosystem of mobile apps, medical devices software, healthcare CRMs, and Patient Database management applications work seamlessly and are highly secure. Cigniti's Quality Engineering framework winning the MedTech award is a recognition of the expertise and leadership in digital assurance, especially in the Software as a Medical Device (SaMD) platform. We are proud to be working closely with five of the largest medical device manufacturers in the USA and Canada," said Raghuram Krovvidy, Chief Delivery Officer, Cigniti.

"Congratulations to Cigniti on being our pick for the 'Best IoT Healthcare Platform' award. Cigniti's Internet of Medical Things (IoMT) platform is a one-stop Digital Quality Engineering Automation solution that performs end-to-end testing of all wearables. Cigniti's IoMT platform encompasses everything needed for medical device testing: domain experience, device knowledge, infrastructure, legislation, and capability to support testing," said James Johnson, Managing Director of MedTech Breakthrough.

Cigniti's world-class IoMT lab and infrastructure have helped a leading diabetes care provider, a medical devices company, and a leading healthcare company increase their cycle time, automation coverage, and time-to-market by 50% in compliance with stringent USFDA guidelines.

About Cigniti:
Cigniti Technologies Limited (NSE: CIGNITITEC; BSE: 534758) is the World's Leading AI & IP-led Digital Assurance and Digital Engineering Services Company. Headquartered in Hyderabad, India, Cigniti's 4100+ employees help Fortune 500 & Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & Platform-led innovation with expertise across multiple verticals and domains.

To learn more, visit www.cigniti.com.

About MedTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the MedTech Breakthrough Awards program is devoted to honoring excellence and innovation in medical & health technology companies, products, services, and people. The MedTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough healthcare and medical companies and products in categories that include Patient Experience & Engagement, Health & Fitness, Medical Devices, Clinical Administration, Connected Healthcare, Medical Data, Healthcare Cybersecurity, and more. For more information visit  MedTechBreakthrough.com.

Contact
Midhun.pingili@cigniti.com  (+91 8886093093)