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  • Google will also leverage its advantage as a ‘data company’ and deploy technology as the key differentiator with expertise in areas such as Artificial Intelligence and Machine Learning, said Karan Bajwa, the newly appointed managing director of Google Cloud in India.

    The transaction is expected to close in the second quarter of 2020. This is Cognizant’s fourth acquisition of a cloud services related business.

    The proposed acquisition will also enhance the current solution portfolio of AGC and Black Box across cloud computing and virtualisation, cyber security, managed services, data centre and collaboration solutions, a statement said.

    Bengaluru-headquartered company quoted Gard Little, Vice President, Global Services Markets and Trends, IDC Research Inc. as saying in a statement, "Wipro has continuously demonstrated their deep Cloud expertise and business first thinking in helping enterprises to become nimble and future ready."

    Cognizant CEO Brian Humphries says the restructuring done last year has helped the company lay the path for M&As and a better standing in the cloud technology market, despite a difficult business climate this year due to Covid-19.

    The company had a deal pipeline of about $1 billion in January, which dropped to about $600 million by end-March due to the slowdown induced by the virus outbreak. Now, the pipeline is back to around $1 billion, with 70% of that coming from digital deals, CEO Sandeep Kishore said after announcing its annual results.

    "The importance of hybrid cloud and AI has accelerated. What has changed is the pace at which they're being adopted. Transformation journeys (of) last few years are now being compacted into months...They're looking for long lasting answers on what they can do with technology to address the key issues that COVID-19 has brought to light," he said.

    This partnership is aimed at equipping the existing workforce in cloud skills, one of the most coveted skills as per global IT demand today.

    As part of this relationship, the two companies will establish innovation centres to address complex business problems across industries, including telecommunication, manufacturing, financial services, insurance, retail and healthcare.

    Infosys held its annual management planning session last week to take stock of its initiatives and plan for the next financial year. A key goal is to ensure that the Bengaluru-headquartered IT services exporter ends the ongoing fiscal year at a fast growth clip, which will set the stage for the next.

    “We’re doubling our investment in cloud year-over-year. We want to grow faster and have stronger relationships with Microsoft, Amazon, Google but also leading Software-as-a-Service cloud vendors like Salesforce or Workday or SuccessFactors or SAP, and that is what our M&A strategy has been about,” Brian Humphries told.

    Through this partnership, both companies will leverage No-Code Platforms to accelerate the launch of custom-built applications for their collective network of clients without software coding in real-time across all banking, wealth management and insurance sectors.

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