Cognizant, the IT services firm on 22 April 2014 announced that it has entered into a definitive agreement with itaas to acquire it. Itaas is a US-based digital video solutions firm headquartered in Atlanta, Georgia.
The agreement would help the New Jersey-based IT firm Cognizant to beef up its capabilities in media, communications and high-technology verticals.
About itaas (interactive television and application solutions)
Interactive television and application solutions (itaas) was formed in 1999. It has played a unique, multifaceted role in development and delivery of interactive television (iTV). It helps the leading cable, telecommunications and technology companies to deliver a broad range of digital video services across traditional cable, broadcast and telecommunications network environments and on consumer devices such as set-tops, tablets and smart phones. It has its testing and development centres in US, Canada and India.
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses.
Headquartered in Teaneck, New Jersey (US), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500. It is ranked among the top performing and fastest growing companies in the world.
When: 22 April 2014