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Cognizant, Aker Solutions Expand Partnership to Boost IT Infra, Cleaner Energy Migration

·1 min read
  • 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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