About Cigniti
Cigniti is a company based in Irving (United States) founded in 1998 was acquired by Coforge in May 2024.. The company has 3,500 employees as of March 31, 2024. Cigniti has completed 2 acquisitions, including Gallop and RoundSqr. Cigniti offers products and services including Digital Assurance, Quality Engineering, and Cloud Migration Assurance. Cigniti operates in a competitive market with competitors including Tredence, QualiTest, Cambridge Consultants, SQS and Nara Logics, among others.
- Headquarter Irving, United States
- Employees 3500 as on 31 Mar, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Cigniti Technologies Limited
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Annual Revenue
$235.28 M (USD)10.98as on Mar 31, 2024
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Net Profit
$23.36 M (USD)20.88as on Mar 31, 2024
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EBITDA
$34 M (USD)30.29as on Mar 31, 2024
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Latest Funding Round
- Investors
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Employee Count
3500
as on Mar 31, 2024
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Investments & Acquisitions
Gallop
& 1 more
- Acquired by
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IPO & Listings of Cigniti
Cigniti is a publicly listed company on the NSE with ticker symbol CIGNITITEC in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Cigniti
Cigniti offers a comprehensive portfolio of products and services, including Digital Assurance, Quality Engineering, and Cloud Migration Assurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ensures quality in digital transformations and software applications.
Provides testing and automation for software performance and security.
Assures seamless migration and operation in cloud environments.
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Software Development Team
173 people
Leadership Team
101 people
Senior Team
21 people
Human Resources and Administration
20 people
Sales and Marketing
12 people
Operations Team
9 people
Delivery Team
9 people
Program Team
8 people
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Funding Insights of Cigniti
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Post-IPO - Cigniti | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cigniti
Cigniti has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ICICI Prudential Asset Management Company and Coforge. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Real estate funds are managed through multiple investment strategies.
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Founded Year | Domain | Location | |
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Provider of data & analytics, digital process automation, and other transformation services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cigniti
Cigniti has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Gallop and RoundSqr. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Digital services in AI, ML, analytics, and blockchain are provided.
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2018 | ||||
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Testing services in ALM, quality, and automation are specialized in.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cigniti
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cigniti Comparisons
Competitors of Cigniti
Cigniti operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tredence, QualiTest, Cambridge Consultants, SQS and Nara Logics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI consulting, supply chain, and customer analytics services are provided.
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| domain | founded_year | HQ Location |
Software testing services are provided across multiple industries.
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| domain | founded_year | HQ Location |
Deep tech innovation and product development services are provided.
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| domain | founded_year | HQ Location |
Software testing services are provided across various industries by SQS.
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| domain | founded_year | HQ Location |
AI and natural language processing services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cigniti
Frequently Asked Questions about Cigniti
When was Cigniti founded?
Cigniti was founded in 1998 and raised its 1st funding round 26 years after it was founded.
Where is Cigniti located?
Cigniti is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
How many employees does Cigniti have?
As of Mar 31, 2024, the latest employee count at Cigniti is 3,500.
What is the annual revenue of Cigniti?
Annual revenue of Cigniti is $235.28M as on Mar 31, 2024.
What does Cigniti do?
Cigniti was founded in 1998 and is headquartered in Irving, United States, operating in the software testing sector. Services are delivered through a combination of onsite consulting and offshore models, primarily to clients in the US and India. Capabilities have been developed in test automation, performance testing, mobile application testing, and compatibility testing, utilizing both open-source and vendor tools to support quality assurance processes.
Who are the top competitors of Cigniti?
Cigniti's top competitors include Tredence, QualiTest and Nara Logics.
What products or services does Cigniti offer?
Cigniti offers Digital Assurance, Quality Engineering, and Cloud Migration Assurance.
Is Cigniti publicly traded?
Yes, Cigniti is publicly traded on NSE under the ticker symbol CIGNITITEC.
How many acquisitions has Cigniti made?
Who are Cigniti's investors?
Cigniti has 2 investors. Key investors include ICICI Prudential Asset Management Company, and Coforge.
What is Cigniti's ticker symbol?
The ticker symbol of Cigniti is CIGNITITEC on NSE.
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