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Cigniti - Software Testing

Vendor Analysis

by Dominique Raviart

published on Jun 24, 2016

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Report Overview:

This NelsonHall vendor assessment analyzes Cigniti’s offerings and capabilities in software testing.

Who is this Report for:

NelsonHall’s software testing vendor assessment for Cigniti is a comprehensive assessment of Cigniti’s software 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 software 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 FY 2016 (year ending March 31, 2016), it had revenues of INR 5,949m (~$89m). Cigniti’s CY 2015 revenues were INR 5,505m (~$85m). Its headcount at the end of CY 2015 was ~1.8k (and 2.3k in May 2016). It has a current market capitalization of ~$150m. 

Cigniti has 300 clients, the largest being a U.S. low cost airline carrier; up to 175 Cigniti personnel work for this client. Other brand names among Cigniti’s main clients include Synovus, Freeman, Alfa Insurance in the U.S.; Ryanair, Baptcare, Nimble; and Indigo Airlines in India. 

Cigniti has focused on winning large managed testing contracts. It has won contracts of up to $20m in TCV, including two large contracts, with a U.S. low cost airline carrier and Alfa Insurance, both in the U.S. Also Cigniti regularly wins contracts with TCV of $1m-$5m. 

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