Cognizant, a leading IT solutions company, announces the acquisition of Inawisdom, a UK-based, privately-held consultancy specializing in artificial intelligence, machine learning, and data analytics. Inawisdom is known for delivering cloud-native, full-stack solutions leveraging consulting methodologies and an analytics and machine learning platform built using Amazon Web Services (AWS). The financial details of the deal were not disclosed.

A 2016-born company, Inawisdom is Cognizant's ninth acquisition in 2020. The company had earlier announced its plans to expand capabilities for clients globally in the key focus areas of data and artificial intelligence, cloud, digital engineering, and Internet of Things. The company has invested more than $1.1 billion this year alone for acquisitions in these areas.

In a statement issued by Cognizant, Malcolm Frank, President, Digital Business, Cognizant, said, “Businesses succeed or fail by the speed and quality of their decisions, ­and the best business decisions are informed by data and AI. We are pleased to welcome Inawisdom's skilled team to Cognizant and further accelerate our innovation on data modernization and intelligent decision-making. Cognizant and Inawisdom's clients will benefit from our shared, deep relationships with AWS and our combined expertise with AI, machine learning, cloud, and data analytics.”

Commenting on the occasion, Neil Miles, CEO, Inawisdom, said, “As a committed and proven expert in AI and machine learning, we are excited to join Cognizant and build on Inawisdom's unique combination of accelerators and skills. Our combined strength will further support customers in embedding data-driven decision-making into their organization, increasing their speed to business value and long-term market differentiation. Being part of Cognizant provides access to a wider, global network of AI and machine learning professionals, and a wealth of new capabilities that will expand our joint service offerings for successful data transformation.”

Inawisdom has operations in the UK and the Netherlands. In the aftermath of the acquisition, Inawisdom will join with Contino, another company in Cognizant's Digital Business group, to provide end-to-end cloud-native AI and machine learning solutions.