Nasdaq-listed Cognizant said on Friday it has entered into an agreement acquire Adaptra, a Sydney-based consulting, business transformation and IT services provider. The terms of the transaction were not disclosed.
Adaptra works with 5 of the top 10 insurers in Australia and New Zealand, the company said in a statement.
“Increasingly, insurers around the world are looking to simplify critical processes relating to policies, claims and billing,” said Jayajyoti Sengupta, Head of Asia Pacific, Cognizant. “Analysing these processes provides an opportunity to enable insights on customer experiences and operational efficiencies.
The acquisition further strengthens Cognizant’s deep insurance, business transformation and platform capabilities to help clients succeed in a technology- and data-intensive world. As part of the acquisition, about 100 professionals will join Cognizant.