Cognizant completes the acquisition of Wizeline
Expand digital engineering and product development capabilities for corporate customers
Tinicum, New Jersey, November 6th / PRNewswire / -- Cognizant (Nasdaq ticker: CTSH) announced today that it has acquired Wizeline. Wizeline is a global AI native digital engineering and product development services company that serves corporate clients.
Wizeline is particularly strong in the media and entertainment sector, possessing a highly concentrated and deeply embedded business foundation. It serves large American corporations, covering areas such as publishing and journalism, film and television entertainment, broadcasting, as well as talent and creator representation. Its capabilities include digital product development, software engineering, cloud modernization, data management, and AI, helping clients to build, modernize, and expand their digital products, platforms, and AI to enhance user experiences.
This acquisition will further enhance Cognizant's ability to help customers design, build, and expand modern digital products and platforms.
Wizeline was sold by its previous investors, including La Caisse. The financial terms of the transaction were not disclosed. Canaccord Genuity served as the exclusive mergers and acquisitions advisor for Wizeline. Ashurst Perkins Coie acted as the legal counsel for Cognizant.
About Cognizant
Cognizant is a builder and technical services provider of AI. By constructing full-stack AI solutions for clients, they build a bridge between AI investment and corporate value. Their deep expertise in industry, processes, and engineering enables them to integrate the unique background of each organization into their technical systems, unleash human potential, and achieve tangible returns. They also help global enterprises stay ahead in a rapidly changing world. For more information, visit www.cognizant.ai or follow @cognizant.
About Wizeline
Wizeline is a product engineering company centered around AI. Founded in 2013, the company serves as a closeshore transformation engineering partner for enterprises in the fields of media and entertainment, financial services, as well as healthcare and life sciences. Wizeline combines global cutting-edge deployment capabilities with profound product engineering expertise, data management skills, and AI professional knowledge to help clients transform their AI solutions into modern product and workflow innovations.
