Cognizant, a provider of information technology, consulting, and business process outsourcing services, has acquired itaas, a digital video solutions company with headquarters in Atlanta, Georgia, and R&D facilities in India and Canada.
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Founded in 1999, itaas helps leading cable, telecommunications, and technology companies to deliver a broad range of digital video services across traditional cable, broadcast and telecommunications network environments and on consumer devices such as set-tops, tablets and smartphones.
The acquisition increases Cognizant’s competitiveness in the multi-screen and video market as more viewers seek direct access to internet video content via television, communications players head towards open platforms, and digital device companies focus on bundling content with connected devices. Acquiring itaas’ existing technology will also give Cognizant the capabilities to support industries such as banking, retail and healthcare, which are rolling out advanced customer and business platforms based on video.
Nishith Desai Associates advised Cognizant on Indian law and tax matters. Venable provided US law advice.
P&A Law Offices advised itaas together with US firm Morris Manning & Martin.
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