Nasdaq-listed IT major Cognizant has entered into an agreement to acquire Adaptra – the Australia-based consulting, business transformation and service provider – for an undisclosed amount.

Established in 1998, Sydney-based Adaptra works with five of the top 10 insurers in Australia and New Zealand.

“Insurers around the world are looking to simplify critical processes relating to policies, claims and billing. Adaptra’s high-end business transformation and Guidewire expertise will complement our deep digital business operations,” Jayajyoti Sengupta, head (Asia Pacific) of Cognizant, said.

“Cognizant’s global experience, deep digital capabilities and entrepreneurial culture will enable us to deliver broader transformational solutions,” he added.

Globally, Cognizant has over 100 development centres. The company employs about 2.25 lakh people.