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Cognizant and Pegasystems Partner to Bring AI-led Transformation to Enterprise Legacy Modernization

1. Cognizant expands collaboration with Pegasystems to boost modernization efforts. 2. Integration aims to address inefficiencies in enterprise legacy systems. 3. Cognizant's AI services will enhance client transformation processes. 4. Collaboration set to showcase innovations at PegaWorld in June. 5. Executives emphasize urgency for adaptive, AI-native system upgrades.

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Why Bullish?

The announcement of a strategic collaboration can lead to increased demand for services. Similar past collaborations have positively impacted stock performance.

How important is it?

Strategic partnerships and innovation in technology services are critical for Cognizant's growth strategy.

Why Short Term?

The timing of the announcement aligns with upcoming showcases, potentially driving immediate interest and sales. Historical events show such announcements often lead to quick market responses.

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New Cognizant Logo (PRNewsfoto/Cognizant) Cognizant announced an expanded strategic collaboration with Pegasystems Inc. Collaboration augments Cognizant's proven modernization services with Pega Blueprint to help enterprises reimagine legacy transformation projects and build agentified, future-ready enterprise systems., /PRNewswire/ -- Cognizant (NASDAQ: CTSH) is expanding its strategic collaboration with Pegasystems Inc., The Enterprise Transformation Company™, to augment Cognizant's agentic AI services with Pega Blueprint™ and drive rapid, successful cloud transformations for joint clients. Large numbers of enterprises on legacy systems continue to incur major costs every year in operations, maintenance, and licensing, and even more in 'hidden' costs – poor customer experience, inefficient processes, lack of real-time data, and more. To help enterprises address and overcome these challenges, Cognizant plans to integrate its IP with Pega Blueprint capabilities, enabling Cognizant associates to quickly convert ideas into Minimum Viable Products through a suite of rapid development tools and initiatives such as Bluebolt – Cognizant's grassroots innovation program. By leveraging Cognizant's workbench for AI-driven legacy code rewrite capabilities, business rules and data extraction, Cognizant aims to help customers optimize and reimagine processes and build AI-powered systems on the Pega Infinity platform. "The opportunity to modernize legacy enterprise systems has never been more urgent, or more achievable, as agentic AI redefines how enterprises build intelligent, adaptive systems, ready for what's next," said Ravi Kumar S, CEO, Cognizant. "By harnessing the power of Pega Blueprint technology alongside Cognizant's deep industry expertise and innovation mindset, we will not just be upgrading customers' outdated infrastructure, across industries, but guiding them toward unlocking trapped value and leaping forward into a more adaptive, AI-native future."Enterprises are moving away from traditional 'lift-and-shift' approaches of legacy systems modernization towards robust AI-infused transformation journeys that reimagine business processes, customer experience and growth. Cognizant and Pega are coming together through this collaboration to help customers accelerate their journey and achieve outstanding business outcomes."Legacy discovery is one of the most challenging parts of technology modernization, often hampered by manually intensive, time-consuming, and error-prone workflows," said Alan Trefler, founder & CEO of Pegasystems. "This collaboration with Cognizant is designed to help clients bring new levels of efficiency and innovation to their transformation projects, showcasing the transformational power of Pega Blueprint through what we believe is the industry's first GenAI-powered, rapid innovation program to benefit enterprises across industries."Cognizant will be showcasing Pega Blueprint-driven industry solutions live at PegaWorld from June 1-3 at the MGM Grand in Las Vegas. For more information visit Cognizant's Pega Platform Services.For more information, contact:SOURCE Cognizant WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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