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Launched Just 5 Years Ago, Digitate Makes it to Top 100 Software Companies List

Posted On: 2020-07-30 04:23:20


Digitate, a software venture of Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that it has been ranked #37 among the Top 100 Software Companies of 2020 by The Software Report, the same year that its flagship software ignio™ celebrates its fifth anniversary.

The Top 100 Software Companies list recognizes some of the most important and impactful software solutions for businesses across the globe. This year's awardees were selected based on nominations from industry professionals as well as company customers. Each nominated company was further evaluated across multiple categories including product strength, management team caliber, organizational composition and company growth.

Digitate was recognized for the rapid growth and market leadership of its ignio SaaS suite of closed-loop, autonomous enterprise software that applies intelligent automation across IT and business operations in organizations across industries like retail, banking, energy, utilities, telecom and airlines.

Launched in 2015, the ignio suite consists of five standalone software products - ignio AIOps, ignio AI.WorkloadManagement, ignio AI.ERPOps, Cognitive Procurement and ignio AI.Digital Workspace. The closed-loop, autonomous enterprise software suite combines enterprise IT context, insights, artificial intelligence and machine learning to deliver resilient, agile, and autonomous IT operations and business operations, with out-of-the-box features that enable it to identify the root causes of issues and fix them autonomously, freeing up time and resources to devote to innovation and higher value work.

ignio delivers impactful outcomes within weeks and is viewed by forward thinking organizations as a strategic investment to build a self-healing, resilient technology core that powers a seamless customer experience. This has helped it establish a strong track record, with over 160 customers, mostly Fortune 1000 corporations, in just the five years since its launch.

"We are delighted to be recognized among the Top 100 Software Companies of 2020," said Akhilesh Tripathi, Global Head, Digitate. "The proven benefits of ignio, its unmatched speed-to-value and its strong growth is drawing a rich ecosystem of channel and technology partners. In just five years, it has become the preferred software for progressive organizations looking to become autonomous enterprises."

"This year, the winners were selected out of several hundred remarkable organizations. The competition was particularly challenging, and the fact that these companies represent the shortlist signifies their product offerings are strong, customers are satisfied, and they have excellent growth potential ahead. We are excited to see our Top 100 Software Companies of 2020 continuing to thrive while taking their businesses to the next level," says Jonathan Carlos, Editor of The Software Report.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2275.05 as compared to the previous close of Rs. 2309.2. The total number of shares traded during the day was 173540 in over 11452 trades.

The stock hit an intraday high of Rs. 2342 and intraday low of 2247. The net turnover during the day was Rs. 397438645.


Source: Equity Bulls

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