- Cognizant (Nasdaq: CTSH) recently announced it is buying Bright Wolf. These are the details about the deal.
Cognizant (Nasdaq: CTSH) recently announced it is buying Bright Wolf, which is a privately-held technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions. And Bright Wolf is certified by all major cloud providers and acknowledged as an expert in IoT.
Bright Wolf is known as a Microsoft Gold Partner and has been named an Amazon Web Services Advanced Technology Partner, IoT Competency. And with the close of the acquisition, Cognizant will establish its newest IoT innovation lab in the Raleigh-Durham, N.C., Research Triangle, with the Bright Wolf team as its core.
Bright Wolf is going to enrich Cognizant’s smart products offering and expertise in architecting and implementing IIoT solutions. And 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.
For example, Bright Wolf recently launched a solution for the automation of cold chain transportation and refrigeration assets for one of the world’s largest logistics companies. Bright Wolf’s specific expertise includes connecting industrial equipment, optimizing industrial operations, integrating enterprise data, and utilizing proprietary accelerators for IIoT deployments.
The deal is expected to close in the fourth quarter of 2020, subject to the satisfaction of closing conditions. The financial details were not disclosed.
Bright Wolf is going to 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.
KEY QUOTES:
“Combining Bright Wolf’s experience in production-class IIoT deployments with Cognizant’s expertise in foundational IIoT technologies will increase our clients’ resiliency, operational efficiency, and competitive advantage. Companies are increasingly embracing IIoT, and Bright Wolf’s team of senior IIoT architects have delivered the business value others have struggled to achieve. We look forward to this talented team joining Cognizant.”
— Malcolm Frank, President, Digital Business, Cognizant
“IIoT transformation can be a complex, high-stakes undertaking for any business. Bright Wolf has helped leading companies across industries realize their IIoT vision through our Zero Waste Engineering™ approach. We help ensure clients make the right investments at the right time and have the ability to scale as dictated by business and market needs. Our unique capabilities, together with Cognizant’s deep vertical industry knowledge, scale, and expertise in predictive analytics, AI, cloud, and IoT, will provide clients with an unparalleled partner on their IIoT journey.”
— Peter Bourne, Chief Executive Officer, Bright Wolf
