Cigniti Technologies Limited

Cigniti Technologies Limited is an Indian digital transformation services company headquartered in Hyderabad, Telangana.[2][3]

Cigniti Technologies Limited
TypePublic Ltd. Co.
NSE: CIGNITITEC, BSE: 534758
IndustryInformation Technology
Founded1998
FounderC V Subramanyam
Headquarters
Hyderabad, Telangana
,
India
Area served
Worldwide
Key people
  • C V Subramanyam (Non Executive Chairman)
  • Srikanth Chakkilam (CEO & Director)
  • RK Agarwal (Independent Director)
  • Phaneesh Murthy (Independent Director)
  • Srinath Batni (Independent Director)
  • Nooraine Fazal (Independent Director)[1]
ServicesDigital Assurance, Digital Engineering, IP & Innovation
Websitewww.cigniti.com

The company is listed on the National Stock Exchange (NSE: CIGNITITEC) and the Bombay Stock Exchange (BSE: 534758).[4]

The company employs around 4,200 people in the United States, United Kingdom, Australia, Canada, the United Arab Emirates, the Czech Republic, South Africa, and Singapore.[5]

History

In 1998, Chakkilam Infotech Ltd., an IT and software services company was founded by C V Subramanyam. Cigniti Inc. was bought by the company in September 2011. In 2012, the company signed a multi-year contract with one of the world's top robotics and toy manufacturers.[6]

The organization entered into a long-term agreement with a Hospitality Industry Performance Management and Business Intelligence Solution Provider. In May 2013, the company acquired US based testing company Gallop Solutions Inc.. Cigniti Technologies Inc. was formed in 2016 by the merger of two completely owned subsidiary companies, Cigniti Inc. USA and Gallop Solutions Inc. USA.[7]

In 2014, the company increased its operations in the United Kingdom by opening an office in London. The organisation was rated at Level 5 of the Capability Maturity Model Integration (CMMI) by the CMMI Institute in 2015.[8]

In 2021, opened an office in the Czech Republic.[9]

In the year 2022, the company introduced its 360-degree Digital CX monitoring platform, using AI-driven sentiment analysis.[10]

Cigniti paid $4.8 million to buy Aparaa Digital (RoundSqr), a specialised and veteran-led AI/ML, Data, and Blockchain Engineering services company and expanded into Digital Engineering services.[11]

In January 2023, Cigniti entered into a partnership agreement with Lambda Test, a continuous quality testing cloud platform.[12]

Philanthropy

In March 2023, Cigniti donated medical equipments to The MNJ Institute of Oncology Regional Cancer Center, Hyderabad.[13]

In June 2023, Mahatma Gandhi Institute of Technology and Cigniti entered into a memorandum of understanging to launch a training programme for IT students.[14]

Awards
  • "Fastest Growing Company in Asia" in Forbes Asia "Best Under a Billion" Forum 2014[15]
  • 2015 Business Today BEST SME Award for Global Excellence during the year under review.[16]

References
  1. "Cigniti Technologies Share Price Today (25 Sep, 2023) - Cigniti Technologies Share Price Live NSE/BSE". The Economic Times.
  2. Drenik, Gary. "Data Quality For Good AI Outcomes". Forbes.
  3. "Vikas Sethi's Investment Strategy: Why Cigniti Technologies is the Key to Your Profits". Zee Business.
  4. "Cigniti Technologies Share Price Today (25 Sep, 2023) - Cigniti Technologies Share Price Live NSE/BSE". The Economic Times.
  5. "Top 10 NodeJS Development Companies in India 2023". The Hindu. 6 January 2023.
  6. "Cigniti Tech to raise $10 mn for buyout". Business Standard.
  7. Kalavalapalli, Yogendra (29 May 2013). "Cigniti Technologies acquires US testing firm". mint.
  8. "Cigniti Technologies aims to increase revenue to $300 million in 2017/18". Business Today. 1 October 2015.
  9. "Cigniti opens centre in Prague". BusinessLine. 8 September 2021.
  10. "Cigniti Technologies Moves Up On Launching CXA Platform 'Incight' | Udaipur Kiran". udaipurkiran. 10 December 2021.
  11. "Cigniti to acquire RoundSqr for $4.8 million". The Times of India. 4 May 2022.
  12. "Cigniti partners with Lambda Test to help companies to go digital". Deccan Chronical.
  13. "IT firm donates equipment to regional cancer hospital". The Hindu. 25 March 2023.
  14. "Programme to make students IT industry ready". The Hindu. 23 June 2023.
  15. "Forbes Asia Best Under A Billion 2014 by Forbes Asia". issuu.com. Forbes. 3 September 2018.
  16. "Best SMEs, best SMEs winners,Best SMEs in India 2015". Business Today.
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