Benzinga | Jun 7, 2021 07:51AM EDT

Cognizant, Aker Solutions Expand Partnership to Boost IT Infra, Cleaner Energy Migration

* Cognizant Technology Solutions Corp (NASDAQ:CTSH) has extended collaboration with engineering company Aker Solutions ASA (OTC:AKRTF) to streamline its entire IT infrastructure, including its business technology network and application maintenance and development.

* Aker Solutions assists organizations in unlocking energy from oil, gas, and offshore wind energy sources.

* The arrangement will drive Aker Solutions' productivity and business scalability while reducing its IT operating costs.

* Cognizant's DevOps approach will help the company to offer agile support and lower delivery times for new projects like oil field developments or wind turbines.

* Cognizant will provide digital solutions and services under the five-year agreement.

* Cognizant will also support the transformation and manage Aker Solutions' SAP enterprise system.

* The arrangement will help Aker tap the growing demand for energy production, drive productivity, reduce operating costs and aid renewable energy transition.

* Price action: CTSH shares closed higher by 0.99% at $71.5 on Friday.