Cognizant agreed to acquire Bright Wolf, a privately-held technology services provider specialising in custom Industrial IoT (IIoT) products for Fortune 1000 companies. With the close of the acquisition, Cognizant will establish its newest IoT innovation lab in the Raleigh-Durham, North Carolina Research Triangle, with the Bright Wolf team as its core.
Bright Wolf will enrich Cognizant's smart products offering and expertise in architecting and implementing IIoT products. Bright Wolf delivers design consulting, development, and digital transformation services for clients such as Caterpillar and ITW Hartness in manufacturing, energy, transportation, water, healthcare, and agriculture, among other industries.
The transaction is expected to close in Q4, subject to the satisfaction of closing conditions. Financial details were not disclosed. Bright Wolf will mark Cognizant's eighth acquisition to date in 2020 to accelerate growth in the company's key strategic focus areas of cloud, AI and analytics, software product engineering, and IoT.
Sourced from Telecompaper