Vendor Analysis
published on Aug 25, 2017
Report Overview:
This NelsonHall vendor assessment analyzes Cigniti's offerings and capabilities in digital testing.
Who is this Report for:
NelsonHall’s Software Testing Vendor Assessment for Cigniti is a comprehensive assessment of Cigniti’s digital testing offerings and capabilities designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of IT services and identifying vendor suitability for software testing services
- Vendor marketing, sales and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the software testing sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Cigniti’s digital testing offerings, capabilities, and market and financial strength, including:
- Analysis of the company’s offerings and key service components
- Revenue estimates
- Identification of the company’s strategy, emphasis and new developments
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s strengths, weaknesses and outlook.
Key Findings & Highlights:
Cigniti Technologies (Cigniti) is a Hyderabad headquartered software testing vendor which is BSE and NSE listed. In FY17 (the year ending March 31, 2017), it had revenues of INR 6,267m (~$97m). Cigniti’s CY 2016 revenues were INR 6,541m (~$102m). Its headcount at the end of FY17 was ~2.2k, including 1.8k career testers. It has a current market capitalization of ~$110m.
A current priority for Cigniti is to shift its service portfolio and capabilities towards specialized testing services, digital services, and Agile/DevOps. It has structured its service portfolio into four main categories:
- Quality Assurance (QA): i.e. core software testing services. QA represents a NelsonHall estimated ~75% of Cigniti's revenues
- Quality Engineering (QE): groups Cigniti's set of specialized services including agile and DevOps testing and test support services. This includes service virtualization, test data management, and non-functional testing
- Digital Assurance (DA): includes mobile testing, e-commerce testing, big data and analytics testing, Salesforce application testing, medical device testing, and game testing.
Along with these three main units, Cigniti also has an Advisory and Transformation service which provides QA consulting services.