Cognizant, the renowned information technology firm, on Thursday, announced of acquiring Bright Wolf, a technology services provider which is specialized in custom Industrial Internet of Things (IIoT) solutions, for an amount not disclosed.

Along with the acquisition closing, Cognizant will be establishing its new IoT innovation lab in North Carolina in the United States, with the Bright Wolf team as its core.

Malcolm Frank, President, Digital Business, Cognizant said, "Combining Bright Wolf's experience in production-class IIoT deployments with Cognizant's expertise in foundational IIoT technologies will increase our clients' resiliency, operational efficiency and competitive advantage.”

Cognizant’s smart products offering and expertise in architecting and IIoT solutions implementation will be enriched by Bright Wolf.

For one of the world’s largest logistics companies, Bright Wolf recently introduced a solution for automation of cold chain transportation and refrigeration assets.

Peter Bourne, Chief Executive Officer, Bright Wolf, said, "Our unique capabilities, together with Cognizant's deep vertical industry knowledge, scale, and expertise in predictive analytics, AI, cloud and IoT, will provide clients with an unparalleled partner on their IIoT journey."

Last month, Cognizant announced its entering into an agreement for acquiring Chicago-based 10th Magnitude, a cloud specialist, which focuses exclusively on the Microsoft Azure Platform, though the financial details remained undisclosed.