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Cognizant Technology Solutions Corp (NASDAQ: CTSH) has extended collaboration with engineering company Aker Solutions ASA (OTC: AKRTF) to streamline its entire IT infrastructure, including its business technology network and application maintenance and development.
Aker Solutions assists organizations in unlocking energy from oil, gas, and offshore wind energy sources.
The arrangement will drive Aker Solutions' productivity and business scalability while reducing its IT operating costs.
Cognizant's DevOps approach will help the company to offer agile support and lower delivery times for new projects like oil field developments or wind turbines.
Cognizant will provide digital solutions and services under the five-year agreement.
Cognizant will also support the transformation and manage Aker Solutions' SAP enterprise system.
The arrangement will help Aker tap the growing demand for energy production, drive productivity, reduce operating costs and aid renewable energy transition.
Price action: CTSH shares closed higher by 0.99% at $71.5 on Friday.
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