Cognizant to buy digital video firm

Cognizant Technology Solutions will acquire itaas, a digital video solutions company headquartered in Atlanta, for an undisclosed amount. itaas helps cable, telecom and technology companies deliver a range of digital video services across traditional cable, broadcast, and telecommunications network and on consumer devices such as set-top boxes, tablet computers and smart phones. The acquisition will enable Cognizant capitalise on the growing demand for greater interactivity, higher personalisation and innovative content delivery in the multi-screen and video market, said a company press release.