Cigniti inks $10mn ACV deal with US-based Fin major
One of the big deals Cigniti has won, which has high potential to grow in the years to come
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Hyderabad: Cigniti Technologies has signed a $10mn ACV deal with one of the large financial services and investment firm in the USA to accelerate its digital transformation journey. The deal has potential to immensely grow in the coming years. Cigniti Technologies, a global leader in providing AI-driven, IP-led, strategic digital assurance, software quality engineering, automation, testing, and consulting services, helps global companies to go digital-first.
This partnership will support legacy transformation using Cigniti's Advisory and Transformation Services (ATS) and achieve committed returns and quicker time-to-market. The engagement entrusted by the financial services major covers a gamut of services to be provided spanning Infrastructure Automation, Chaos Engineering, Security, and Performance assurance services leveraging Cigniti's Digital Assurance and IP led Quality Engineering services with massive automation capabilities. The client is a Fortune 500 company with operations in over 20 US States as well as offices in three continents.
"We are excited to be a strategic digital transformation assurance partner with this leading financial services firm. The deal is an outcome of deep-rooted expertise of a domain-led, automation-led, and solution-led approach, encompassing functional, process, business, and digital assurance services for large enterprise customers. This is also a testament of our ability to win large deals. It further improves our BFSI revenues which are already contributing 19.23 per cent of total revenues," Srikanth Chakkilam, CEO, Cigniti Technologies, said. "Our continuous investments into our domain centers of excellence, particularly with over 300 experts in the financial services COE, and in our IP, BlueSwan to enhance its capabilities, to create new IP-based solutions, such as AI-led test data management, no-code and low-code automation, test environment management, and security engineering, are increasingly becoming a strong differentiator for winning large-sized deals with companies across the globe," Srikanth added.
