Cognizant (NASDAQ: CTSH) said it has entered into a definitive agreement to acquire itaas, a digital video solutions company headquartered in Atlanta, Georgia. The terms of the transaction were not disclosed.
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.
With approximately 200 professionals in the US, Canada, and India, itaas enables television providers and broadcasters, particularly cable channels, to deliver authenticated live streaming and video services on digital platforms, thus adding value to existing television subscriptions and delighting subscribers with exclusive viewing experiences anytime, anywhere, and on any device.
Since its founding in 1999, itaas has worked with hundreds of leading service providers, technology vendors, application developers and content providers to create and bring innovative software applications and services to the consumer.
Headquartered in Teaneck, New Jersey (US), Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world´s leading companies build stronger businesses. Its website is at www.cognizant.com or on Twitter: Cognizant.