Cigniti wins $10 million ACV contract from US-based financial institution

Cigniti Technologies has signed an ACV deal worth over $10 million with one of the largest and oldest financial services and investment firms in the United States to secure and accelerate its digital transformation journey . The agreement has the potential to grow enormously in the years to come.

Cigniti Technologies, a global leader in providing AI-based and IP-based strategic digital assurance, software quality engineering, automation, testing and consulting services, helps global enterprises move to digital.

  • This strategic partnership will support Legacy’s transformation using Cigniti’s Advisory and Transformation Services (ATS) and drive committed ROI and faster time to market.
  • The engagement entrusted by the financial services major covers a range of services to be provided covering infrastructure automation, chaos engineering, security and performance assurance services by leveraging assurance services IP-grade digital and engineering solutions from Cigniti with massive automation capabilities.

The client is a Fortune 500 company with operations in over 20 US states as well as offices on three continents.

Speaking on the occasion, Srikanth Chakkilam, CEO of Cigniti Technologies, said, “We are delighted to be a strategic digital transformation assurance partner with this leading financial services company. The agreement is the result of deep-rooted expertise in a domain, automation and solution-focused approach, encompassing functional, process, business and digital assurance services for large enterprise customers. It also testifies to our ability to win major contracts. This further enhances our BFSI revenue which already contributes 19.23% of total revenue.

“Our continued investment in our domain centers of excellence, particularly with the 300+ experts in the Financial Services Center of Excellence, and in our IP, BlueSwan, to enhance its capabilities, build new IP-based solutions, such as AI-led test data management, no-code and low-code automation, test environment management and security engineering, are increasingly becoming an important differentiator to win large contracts with companies around the world,” added Srikanth.

“We promise end users seamless experiences with our Digital-Assurance service stack. We enable our clients to confidently move forward on their digital transformation journeys, help them rethink their businesses, achieve market leadership and conquer the digital landscape,” he added.