Cigniti Technologies Ltd., a global leader in independent software testing services company, has further strengthened its board by appointing three (3) industry leaders – Mr. R.K. Agarwal, a qualified Chartered Accountant, Mr. Phaneesh Murthy, a global IT industry veteran, and Ms. Nooraine Fazal, Managing Trustee, CEO & Co-Founder of Inventure Academy, on its Board as Independent Directors.

Mr. R. K. Agarwal, aged 64 years, is a qualified Chartered Accountant and a 40 years’ experienced professional in various fields like Audit, Taxation, Company Law, Consultancy, etc. He has been a partner with S. R. Batliboi & Co. since 1978 and was the Managing Partner of the Firm at the time of his retirement in June, 2013. Mr Agarwal has been connected with various Chambers of Commerce like Confederation of Indian Industries (CII), Indian Chamber of Commerce, Bengal Chamber of Commerce and Industry, Indo-American Chamber of Commerce, Indo-Italian Chamber of Commerce, etc. as Committee Chairman/Executive Committee Member, Permanent Invitee, etc. He has served as the Chairman of Services, Economic Affairs, Company Law and Taxation Sub-Committees of CII (Eastern Region).

Mr. Phaneesh Murthy has been serving as a Non-Executive Director of Cigniti Technologies Inc, USA (100% subsidiary of Cigniti Technologies Ltd.) since 19th January 2017. Mr. Phaneesh is a business leader with 25 years of experience in structuring and managing large outsourcing deals for Fortune 500 companies whose previous roles include CEO & President of iGate Corporation and Worldwide Head of Sales and Marketing, Head of Communications, and Product Solutions Group at Infosys Ltd. Mr. Phaneesh is widely recognized as an Industry pioneer in propelling organizations to an all-round, multifold growth, and helping them reach leadership positions. He also consults for various businesses.

Ms. Nooraine Fazal has a Master of Science degree in Management from Boston University and has worked with IBM and Reuters for a period of 10 years in a front-line and managerial capacity. Post a period of introspection about the future, Ms. Nooraine returned to India in 2003 (after twelve years across the UK, USA, Middle East, Australia, and the Greater China region) in order to be a ‘citizen with a say’ in the way the country is developing.

Commenting on this, Mr. C V Subramanyam, Chairman and Managing Director of Cigniti Technologies, said that “This is a very significant development towards strengthening brand Cigniti. In line with our global aspirations, and the planned growth in the years ahead, we believe these three eminent personalities will add immense value in multiple dimensions across the company. I am confident that with their association, inputs, and constant support, we will further accelerate our journey towards becoming the world’s largest and most respected independent software testing services company.”

Cigniti Technologies has appointed Mr. Srikanth Chakkilam as the Chief Executive Officer of the company. In his new role, Srikanth will focus on developing the company strategy to be in line with the vision, mission, and the values of the organization. Srikanth has relocated to US and shall operate from Dallas office.

He will drive client acquisition strategies, provides oversight to Sales, set business targets, and ensure quality deliverables are met to the clients. He shall set the direction to the company, aligning with the markets and shall propel the company to greater heights. Srikanth is a great believer in building a sustainable forward thinking organization with a binding principle called Work = Play. He is focused to build a highly successful, impactful, and ethical business in all forms.

Prior to taking over as CEO, Srikanth was responsible for driving Sales at U.K., EU, ANZ, Middle East, and APAC regions. Further, he was directly involved with the Marketing heads in devising marketing strategies for the Company. He, along with the CFO, represented the company with investors in the public domain.

Srikanth has an MS from the University of Southern California where he was a teaching assistant to Barry Boehm, one of the legends of software engineering and quality. He holds a Graduate Degree in Electronics and Communication Engineering from India.

Speaking on the occasion, Srikanth said “I am proud to have taken over as the CEO of this Company. I thank all the Board members of Cigniti for entrusting me with such a prestigious responsibility. While I am all committed to make this organization the most respected and world’s largest independent software testing services company, I assure you that it is possible only with your support, hard work and the trust you have on us.”
“Every Organization is focusing all their energies and budgets in transforming their products and services to be digitally ready, the need to ensure software quality is taken care with highest priority. New age businesses need new age testing to deliver both quality and speed. Hence, world over Global 2000 companies, Fortune 500 companies and leading, upcoming independent software vendors, product companies and start-ups are partnering with accomplished software quality engineering and independent software testing service providers. This translates to a stated market potential of 25.9 Billion USD for the independent software testing services providers by 2020 and am very confident that we at Cigniti are well positioned to ride this wave of growth,’’ Srikanth added further.

About Cigniti:
Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing Services, is headquartered at Hyderabad, India. Cigniti’s 2200+ professionals are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 & ISO 27001:2013 certified. Cigniti’s offerings include Quality Engineering, Digital Assurance, Advisory & Transformation, and Quality Assurance services powered by BlueSwan™ - the next generation proprietary software testing platform.

Phaneesh Murthy, global IT industry veteran, who spearheaded the growth story of companies like Infosys and iGate, has joined the board of Cigniti Technologies Inc. as a Non-Executive Director.

Phaneesh is a business leader with 25 years of experience in structuring and managing large outsourcing deals for Fortune 500 companies. Phaneesh’s previous roles include CEO & President of iGate Corporation and Worldwide Head of Sales and Marketing, Head of Communications, and Product Solutions Group at Infosys Ltd. He also consults for various businesses. Phaneesh is widely recognized as an Industry pioneer in propelling organizations to an all-round, multifold growth, and helping them reach leadership positions.

On this momentous occasion, Mr. C V Subramanyam, Chairman and Managing Director, Cigniti said “Phaneesh will advise the board and work closely with the Management at Cigniti to drive the business growth. We firmly believe that his association, inputs, and strategic direction will help us further accelerate our journey towards becoming the world’s largest and most respected independent software testing services company.”

Speaking on this occasion, Phaneesh said “In today’s rapidly changing digital world, organizations are powered by Intelligent software. Companies are now leveraging DevOps to release applications on an hourly mode, instead of annual basis as was the norm just a few years ago. I am excited to be a part of the company, which is attempting to ensure this agility through its leading IP-Led software testing services.”

Media Contacts:
Lucy.dass@2020msl.com | +91-9618782706
Midhun.pingili@cigniti.com | +91- 8886093093

Cigniti Technologies has been positioned as a “Niche Player” in Gartner Magic Quadrant for Application Testing Services, Worldwide. Cigniti has been positioned in the Magic Quadrant for 2 years in a row.

“This achievement reinforces our ability to provide world class testing and Quality Engineering services to clients across small to midsize to large enterprises, helping them succeed in their Digital, Agile and DevOps transformation initiatives. We have invested in our domain capabilities and over the years we have developed strong success stories in airlines, BFSI, high tech, retail, and energy & utilities verticals,” says Pradeep Govindasamy – CTO & President - NA, Cigniti Technologies.

“By 2020, Agile and DevOps initiatives will cause at least 75% of enterprises to implement test automation. By 2020, 60% of testing resources will need to have a combination of testing skills, application development skills, and business process skills or industry skills,” Gartner mentioned in the Magic Quadrant.

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“We have great focus on developing IP and methodologies that help client automate testing. Our next generation software testing platform, ‘BlueSwan’ is an outcome of our innovations,” Pradeep added.

[Tweet "By 2020, 60% of testing resources will need to have a combination of testing skills, application development skills, and business process skills or industry skills"]

“With this positioning, Gartner Magic Quadrant has featured Cigniti 2 years in a row, solidifying our growth in the software testing services marketplace. We have been growing steadily, with a 57% CAGR during the past four years and more than 40% YoY revenue growth, as well as 38% growth of testing resources from the second half of 2015 through the first half of 2016,” says Srikanth Chakkilam – Executive Director, Cigniti Technologies.

The application testing service market, with a copious number of providers, is fast-growing. Both full IT services providers and dedicated, pure-play application testing service providers coexist. Gartner is aware of about 300 companies in this market. This Magic Quadrant assesses 18 of the leading application service providers based on specified inclusion criteria.

Access Magic Quadrant here.

About Magic Quadrant

Gartner does not endorse any vendor; product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Cigniti

Cigniti Technologies Limited (BSE: 534758) (www.cigniti.com), Global Leaders in Independent Software Testing (IST) Services, is headquartered at Hyderabad, India. Cigniti’s 1800+ career testers are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first IST Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Next Generation Testing, and Core Testing.

1 Gartner Magic Quadrant by Susanne Matson, Patrick J. Sullivan, Gilbert van der Heiden, 28-Nov-16

Contacts
for Cigniti Technologies
Lucy Dass, +91-9618782706
Lucy.dass@2020msl.com

SUBWAY® restaurants was recently presented with the “Most Innovative” award for its Quality Engineering & Assurance practices at LiQE 2016, one of the most prestigious and global Quality Engineering (QE) event held at Texas. Leadership in Quality Engineering (LiQE) has become one of the leading Quality Assurance (QA) platforms, giving QE & QA professionals a forum to learn and share their views on software testing trends.

“We are delighted to have won this award,” said Carman Wenkoff, CIO and Chief Digital Officer of SUBWAY®. “Today, Quality Assurance is so much about the value that end users derive from a product. Organizations are quickly grasping that the job is far from done upon the initial launch or eventual delivery of the product or service.”