Cognizant acquires U.S.-based digital video solutions firm itaas

April 22, 2014 06:45 pm | Updated May 23, 2016 04:46 pm IST - CHENNAI

IT services firm Cognizant, on Tuesday, announced that it had entered into a definitive agreement to acquire itaas, a U.S.-based digital video solutions firm.

According to a press release, the acquisition, whose financial details were not disclosed, would help the New Jersey-based IT firm beef up its capabilities in the lucrative media, communications and high-technology verticals.

Founded in 1999, itaas, which has a predominantly Indian-origin populated board, helps cable and telecommunications companies deliver a range of digital video services across traditional network environments such as cable and broadcast and on consumer devices such as smartphones and tablets.

“This acquisition continues our long-standing strategy of acquiring sharply focused business capabilities that complement our existing offerings,” said Rajeev Mehta, Chief Executive Officer of IT Services at Cognizant, in a statement.

“The company’s strong client focus and deep business and technology insights into the entire video ecosystem, combined with Cognizant’s global consulting and delivery capabilities, will create greater value for our mutual clients,” he added.

Itaas currently has around 200 professionals as well as testing and development centres in U.S., Canada and India.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.