Cognizant announced it has agreed to acquire Bright Wolf, a privately held technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions for Fortune 1000 companies. Bright Wolf is certified by all major cloud providers and acknowledged as an expert in IoT. With the close of the acquisition, Cognizant will establish its newest IoT innovation lab in the Raleigh-Durham, North Carolina, Research Triangle, with the Bright Wolf team as its core.
Bright Wolf will enrich Cognizant's smart products offering and expertise in architecting and implementing IIoT solutions. Bright Wolf delivers design consulting, development, and digital transformation services for clients in manufacturing, energy, transportation, water, healthcare, and agriculture, among other industries.
Bright Wolf's specific expertise, centered on asset performance management, predictive maintenance, and yield optimization, includes:
- Connecting Industrial Equipment Transforming manufacturing machinery into connected assets and systems for new data-driven services, predictive maintenance, and customer value.
- Optimizing Industrial Operations Automating manufacturing, supply chain, and energy operations while modernizing legacy controls, human machine interface, and historians with a more intelligent edge, including analytics, AI, and secure cloud connectivity.
- Integrating Enterprise Data Improving data visibility and operational insights to deliver better performance across multi-site machinery, Enterprise Resource Planning, and Customer Relationship Management systems, as well as complex business workflow integrations.
- Leveraging Proprietary Accelerators for IIoT Deployments Increasing the time-to-value of industrial data with Springboard Cloud Services, connecting equipment to the cloud faster with Gearbox Edge Suite, and managing fleets at scale with GearBox Device Manager.
The transaction is expected to close in the fourth quarter of 2020, subject to the satisfaction of closing conditions. Financial details were not disclosed.