Cognizant and Rubrik partner to offer business resilience service

TEANECK, N.J./PALO ALTO - Cognizant (NASDAQ:CTSH), a prominent IT services player with $20.49 billion in annual revenue and strong financial health according to InvestingPro, and Rubrik (NYSE:RBRK) announced Monday an expanded partnership to provide Business Resilience-as-a-Service (BRaaS) for their mutual customers, offering a subscription-based model designed to help enterprises recover from cyber incidents and ransomware attacks.

The global offering combines Rubrik’s cyber resilience platform with Cognizant’s domain and industry expertise to deliver solutions aimed at enhancing business resilience, particularly as organizations increasingly adopt AI technologies that expand their attack surfaces. Cognizant brings substantial financial stability to this partnership, with a healthy current ratio of 2.41 and operating with moderate debt levels.

"The relentless pace of cyberattacks demands a fundamental shift from simple prevention to true resilience," said Bipul Sinha, CEO, Chairman, and Co-founder of Rubrik, according to the press release.

The service aims to bridge the gap between IT recovery and business continuity by aligning recovery objectives with business outcomes. It features a unified BRaaS framework from Cognizant designed to promote adoption, streamline operations, and enhance resiliency.

Ravi Kumar S, CEO of Cognizant, stated that the partnership helps clients "move from reactive recovery to proactive resilience" in an environment where cyber threats, compliance demands, and AI-driven change are converging.

The offering also addresses risks associated with AI adoption, with Rubrik’s Agent Rewind providing capabilities to mitigate AI agent risk and achieve resilience. When combined with Cognizant’s Neuro AI platform, clients can operationalize AI with protected data estates.

The partnership comes as organizations face increasing frequency and sophistication of ransomware attacks, making fast and clean recovery crucial for business continuity.

This announcement was based on a press release statement from the companies. Currently trading near its 52-week low, Cognizant appears undervalued according to InvestingPro Fair Value analysis. Investors seeking detailed insights can access comprehensive Pro Research Reports covering Cognizant and 1,400+ other top stocks through InvestingPro, transforming complex financial data into actionable intelligence.

In other recent news, Cognizant Technology Solutions has been in the spotlight due to several notable developments. Guggenheim recently adjusted its price target for Cognizant to $85 from $90, maintaining a Buy rating despite peer multiple compression. Meanwhile, Ambit Capital upgraded Cognizant’s stock rating from Sell to Buy, citing an improved growth trajectory and performance in sectors such as BFSI and Healthcare, which comprise a significant portion of the company’s revenue. BMO Capital also revised its price target for Cognizant, lowering it slightly to $84, while acknowledging the company’s strong revenue performance and high single-digit annual contract value growth. Additionally, Cognizant has formed a strategic partnership with the North Carolina Turnpike Authority to develop an advanced tolling system, integrating with partners like Mastercard and Volvo Car USA. This partnership aims to innovate toll payment systems by enabling direct payments through vehicle infotainment systems. In other industry-related news, reports of a proposed $100,000 fee for H-1B visa applications by the Trump administration have raised concerns, impacting companies like Cognizant that rely on the visa program for workforce management. These recent developments reflect the dynamic changes and strategic moves surrounding Cognizant Technology Solutions.

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