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Cignitl’Somme Quality | Assume
7‘h January, 2019
National Stock Exchange of India Ltd, BSE Limited
Exchange Plaza. Sandra Kurla Complex, PJl Towers, Dalal Street
Bandra (East), Mumbai - 400051, Mumbai — 400001.
Fax No.26598237/26598238 Fax Nol22722037/22723121
Name of Scrip: CIGNLTITEC Scrip code: 534758
Dear Sir/Madam, ~.
Sub: Cigniti Technologies Limited-Meeting with SEVeral firnds/Invesrors-Reg.
Ref: Regulaxion 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015
In terms of the provisions of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015. the Company represented by Mr. V. Krishnan, Chief financial Officer and
Mr‘ Subhendu Pattnaik, AVP-Marketing 8: Demand Gen of the Company will be participating in
Non-Deal Roadshow (NDR) in Mumbai on 8" January 2019 to 9“ January 2019 organised byAd factors PR and by Reliance securiries (only on 9‘h January, 1019) wherein the Company's
representative(s) would meet the Fund Houses/ Investors as per the List attached.
Also enclosing the copy of corporate presentation for the kind information and records of the
Exchange please
Thanking You
Yours faithfully,
For Cigniti Technologies Limited
(Fl N010V 51} Mi “2
A.N.Vasudha
Company Secretary
Encl; as above.
(Contd , )
wwwdgmn,mm
Cignit‘l’Sonware unamy l Assured
VInvestor Roadshow, Mumbai
l'Date \ Time \ Company Name \ Venue
Tuesday 8th January 10:00 am- Old Bridge Capital Keel-lava Building,
2019 11:00 amBandra Kuxla Complex
Road, E Block BKC,
Bandra Kurla Complex,
Bandra East. Mumbai,
Mai-mama 400051
11:30 am- Edelweiss Financial Services Edelweiss House 11:
12:30 pm (Prop Fund Morgan Chase Bank,
Windsor Lane, Kalina,
Santacmz East. Mumbai,
Maharashtra 400098
01:30 pm— Param Capital and investec Trident, BKC
02:30 pm Financial Services
03:30 pm. Infina (Investment company 7th Floor, Dani
04:30 pm jointly owned by Kotak Corporate Park,
Mahindra Bank and the 158, C.S.T. Road: Kalina,
Kotak Family) Santacruz (East)
Mumbai 400 098. India
05:00 pm—
\SMC 010w Trident, axe
‘06:00 pm A
Wednesday, 9th
‘10:00 am
- Carma Rebeca MF Road show with Reliance
January 2019Securities
wwwngnm cam
(lgnltI Technologies Ltd
Suite we, 107,MGRE5latEi
Dwarakapun Colony
pumagum, Hyderabad 500 051
Andhra madam, India
cm: L722001<31998PLC§00M
o «9‘ (4013070 2255
om (40> 3070 2299
as! E Las Colinus Blvd, «1
I1ving,TX 75039
0 97175613621
0 972.7670948/0644
Cigniti Technologies Ltd.
Corporate Presentation
Nov 2018
www.cigniti.com | Unsolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies
.- Cigniti: Business Overview & Key Metrics CignitSlill-.'.£EIEI II'tlilill
V
'3: J'-.;:.~;Llr|!
Cigniti is a globally recognized player in Specialized Quality Engineering Services and an emerging leader with Digital offerings
Business Overview
Founded in 1998, Cigniti is a global player in Specialized Quality Engineering
Services
It offers Services including Traditional Quality Assurance & Testing, Quality
Engineering, Digital Testing and many more services
2100+ Employees worldwide, 1800+ testers
200+ Active customers including 49 Fortune 500 Customers
Differentiator: IP led approach to digital through BlueSwan Platform
Key Verticals: BFSI, Travel & Hospitality, HealthCare
Shareholding Pattern: 37.37% Promoters, 62.63% Public holding
Awards & Recognitions
World’s first Independent Quality Engineering Services Company to be
appraised at CMMI-SVC v1.3, Maturity Level 5, and we also are ISO 9001:2015
& ISO 27001:2013 certified
Positioned as a ‘Star Performer’ and ‘Major Contender’ in the Everest Group
PEAK Matrix. 3 years in a row.
Positioned in Gartner’s Magic Quadrant for Application Testing Services,
Worldwide for 3 years in a row.
Recognized as a Leader by NelsonHall in NEAT charts for Software Testing, for
3 years in a row as a Leader in the Digital & Consulting market segments.
www.cigniti.oom | Unsolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies
Financial Overview
Heading 2016 2017 2018 H1FY19
Revenue from ops (INR M) 5,948 6,193 6,933 3,997
Revenue from ops (SM) 90 94 108 58.81
Total expenses 4,969 6,744 6,612 3,338
EBITDA 979 —219* 524 653
EBITDA Margin 16.5% -3.6% 7.5% 16.3%
Customers
A strong client base of 200+
Active Customers
(£325:
mm.N w
@ .. §APPDYNAMIC
"
AstraZeneca
C’?)60RYANAIR
RICOH
Bank anmerica ‘3‘ imagine change.
DSHUU
Deeply interconnected in
rich ecosystems
m
Hewlett Packard TestplqantEnterprise
~"VIQASymphony TRICENTIS
“ turnkey
MII:RI:I®FDEUE
<3) Collald\|et.
perfec’romobile
Z€PHYR
.- Cigniti: A Global Leader in Specialized Quality Engineering Services Clgnltl
Financial Overview Company Overview
Headquartered in Hyderabad, India, Cigniti is North America’s largest Independent QualityBusmess MEtrlCS FY2018 valuation Memcs
Engineering Services company with operations in 13 countries. It offers wide variety of QA testing
services including Testing Advisory & consulting leveraging IP (BlueSwan) for Digital transformation.#Outstanding Shares (Mn):
FY2018: 6,933 (INR Mn); 27.468
33:33:33 .NR M0 200+
°1800+ 3: 49 * 71
59 (USD'lvln)l n)
MCap (INR Mn): 12,113 . Active “P Career 0 Fortune Global
(As of 14-NOV-2018) Customers Testers 500 Customers 2000 CustomersEB'TDA MCap (USD Mn): 168
Q2FY19 (%): 18.1%
QlFY19(%): 14.5%_ _
Q4FY18 (%); 11.9% Awards 8: RecognitionsQ3FY18(%): 6.9% i
QZFY18(%): 9.2%
[r {-1 :13 s l' d."e
'
Future Leaders5 Li I 1. l \-' .'\ \ .u m . \ummimnd Ammwom
Revenues (S Mn)
150
—- 108
1%, 10090 94
g57 59
c 50 = V
g I I JQASvmphonvI I M I I: R n
g 0Hewlett Packard F n I: L! 5
2015 2016 2017 2018 H1FY19 Enterprise \) A P P DY N A M l C 5 TRICENTIS
www.cigniti.com | Unsolicited Distribution is Restricted. Copyright © 2018 — 19, Cigniti Technologies
.- Cigniti’s Core Service Offerings for Large Enterprise Clients C.
g.
t“Sulmmulniiilily mum
Quality Engineering and
{‘7Quality Assurance and °
V Digital and Next
5‘79}.Specialized Offerings tut Traditional Offerings “‘1' Generation Offerings a:
Performance Engineering
Service Virtualization
Test Data Management
Tools Streamlining
End to End Automation
DevOps Enablement
Test Environment Management
Resiliency and Reliability Testing
Security Testing
- FunctionalTesting
- Test Automation
- Globalization Testing
- Performance Testing
- Compatibility Testing
- Regression Testing
IoT Assurance
Cloud Assurance
Omni and Multi-Channel Testing
Robotics Automation
Mobile Testing
Customer Experience Testing
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o 0 V
Independent Software Testing Market Overview Clgnltl
CD
- Quality Assurance & Testing Service a large market with §40 57% CAGR
healthy growth forecast through 2022 .E30 26
- Specialized Testing Services players growing faster §20
-3% CAGR
- Specialized Testing Services players amplifying differentiation E10
~through IP investments, domain specialization and AI 3
'
E 2015 2020
I Traditional Testing Servica (1T5) I Specialised Testing Services (STS)
Digital Services are growing at 15.6% CAGR and is the growth Digital Services focus on new disruptive trends and technologiesdriver of the Specialized Testing Market including Mobile, Cloud, Analytics and Big Data
A 6 5an
4.4.L”,
3 3
39+ l I E—Commerce & Mobile Apps
3 42 g
‘
+
g 2 15% CAGR 'I Analytics, SW and Big Data
'30 0 l l Cloud Computing2014 2015 2016 2017 2018 a
*Digital Services 63)
Software Testing market is moving towards Specialized, digital, customer focused & revenue seeking clients. Cigniti is also growing in that direction
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o o J
.- Why Independent Software Testing Services — Views from Leading Global Analysts Clgnltl
Gartner FORRESTER"- STS Providers offers clients independence and ability to deliver - Addresses the inherent conflict of interest between
the full life cycle of testing services development and testing activities, ensuring appropriate rigor- Work on deals ranging from only a few to several hundred full- in the testing process.
time equivalents working on a project. - View software with a critical eye and ensure the highest- Good fit for specialist skills, industry- specific skills and their quality of customer-facing applications
flexible & nimble approach.
.flfléfl merest Group"From insight to action
- Client spending transfers from TTS to STS
- Demand for STS Has Expanded to Multi-Year
Contracts and to "Shift-Left”
- Clients are looking for Third-Party-Certification for
Compliance
Gartner_
Flexibility and Expertise to support our evolving needs Quick implementation with value realization. Need to ensure Great leaderShiP and tail" members. Highly recommend“ for
peer .7
, my. .3. : ,ng MW.“ ,I ; ,3”, scoping is done right. independentlesting services
“the Reviewer Role .
’
g
‘, . 7‘ , '
,3; 1/5
7 5"“75” ‘ll ‘1'” :3“: if)“ " " ll“e
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:v 1.19:6} New" .m- w out‘ '
Mar 27, 2mg Sourcrng. Procuremenrano Vendor I. , gt". Reviewer no“;
Management *m ReviewerRoIeJun 20‘ 2017 REDJPmdum Development
Feb 28,2017 Apphcafions
- Testing as a service offers a variety of benefits, including
pay-per-use, which saves on investment in expensivetools & infrastructure and experts, and access to
specialized skill sets to deal with complex problems
www.cigniti.com | Unsolicited Distribution is Restricted. Copyright © 2018 - 19, Cigniti Technologies
Sullumn (1mm Assmml
o o J
.- Global Software Testing Market Share —
Companies (TTS+STS) Clgnltl
Rank Vendor
1 Accenture
2 Cognizant
3 IBM
3 TCS
5 Capgemini
5 NTT DATA
5 Wipro
8 Infosys
9 Atos
10 Tech Mahindra
11 HCL Tech
12 CSC
12 HPE
12 CGI
15 SQS
15 Amdocs
16 Qualitest
17 Cigniti
Est. 2015 Global STS Revenues (SM)
1,900
1,750
1,400
1,400
900
900
900
825
650
550
500
400
400
400
350
350
200
93 (108)
Market Share
9
9
0.5
www.cigniti.com | Unsolicited Distribution is Restricted. Copyright ©2017 - 18. Cigniti Technologies
Market Dynamics & Shift from TTS to STS
- Top 15 Vendors : 73% of Market Share- 13.5 Billion S- Other vendors : 23% of Market share : 4.9 Billion $- Cigniti Stands 3rd in STS, Pure-plays by revenue and 2nd
by headcount
- Client spending transfers from TTS to STS; as a result,
TTS declines year after year, while multi-year SLA-
based contracts drive growth.
nHallSource: Nelson Hall Software Testing Sen/ices Assessment
& Forecast, July 2016
Snllware Ouflllly Assured
o o J
.- Market Share of Independent/Specialised Software Testing Services Companies Clgnltl
SQS, QualiTest and Cigniti Lead STS Pure-Plays, followed by Two .MF
New Top 5 Entrants: Applause and Oleka- Cigniti Stands 3rd in STS, Pure-plays by revenue
Rank VendorEst. 2015
GlolgalS'I'S Revenues
Market Share (9‘) i and 2nd by headcount
SOS pr
(
"1,400 2
- Client spending transfers from TTS to STS; as a
1 * SQShctuals) 350 2 :result, TTS declines year after year, while multi-
2 mama“ 200 1 year SLA-based contracts drive growth.a Cigniti so (108) 0(0-5) - STS will account for 60% of testing services
4 * Applause 75 0 i spending globally by 2020, mostly fuelled by5 o'emcmmwa‘“ 4° 0
continued transfer from TTS to STS6 Planit 35 0
7 MTP 30 0
= Inspearit 30 0
8 Maveric Systems 25 O
9 0A Infotech 22 0
*10 Imbus 20 0 Strong PE Acquisition interest in= “"5 2° 0
Independent software testing companies.Totaltop 10 1,327 7
Total pure-plays 17,238 93
Total vendors/market spending 18,565 100
dominique.raviart@ne|son-hall.com3) 7016 tn Nulxa'itm! Nelsor-H.‘ I Prop'rcmw — “lot lor Gifilribqi on w from pt'wruron 42
nHallSource: Nelson Hall Software Testing Services Assessment
& Forecast,July 2016
www.cigniti.com | Unsolicited Distribution is Restricted. Copyright ©2017 - 18. Cigniti Technologies
.- Cigniti Recognized as a ’Leader’ by Leading Industry Bodies Clgnltl
Cigniti recognized as a ’leader’ by NelsonHall in overall Software Testing
Competitive Landscape. Also, it believes that the future of software testing
industry is about complementing testing tools with proprietary IP & platforms
Gartner positioned Cigniti as a ”Niche Player" among 300 companies in the
Application Testing Services market for 3 years in a row
Software Testing
-"M" Overall
High Adlievers Leaders
,c ‘ni0
.Accenm Q 'f-‘W
Tet ara , I
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Major Players innovators 3
Abllllv us meet future client requirements a .
'
COMPLUENESS or VISION . > As oi November 201 ‘I C.- Gailnen. Inc
Source: NEAT report for Software Testing, 2016 - Nielson Hall; 2017 Gartner Magic Quadrant for Application Testing Services, Worldwide
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.- Cigniti Recognized as a ’Leader’ by a Leading Industry Bodies — 2 091'“
Forrester placed Cigniti as a ”Strong Performer” on a 29 point criteria.
Forrester analyses 11 most relevant players in the Continuous Testing
Services Market
Everest Group, for the 4th consecutive year, has positioned Cigniti as the
'Major Contender' in Everest Group PEAK Matrix'“, 2018.
Strong_ _
Challengers Contenders Performers Leaders EVEI'ES’E Group Enterprise QA Serwces PEAK MatrixTM Assessment 2013:
smng‘
'
Quality Assurance to Brand Assurance: AI Driving the Evolution
A
o Leaders 0 Major Contenders "
Aspirants f} Star Performers
Hexaware Technologies 0 High
3Major Contenders “314°"
61
Cigniti TechnologiesO E AccenTtErg =‘5‘ ca no i o lnl'osys
LTl OG Syntel 4.:E
pig-em ' --------
Cftfirrent J“ O Atos#1 E
o erin ~ g. .
9 MIT TechnologiesE E oxc Technology .
4;, t.s: E
E 3G Quali'l'est 5 E
3;5
Market presence EE
- @QQO Full vendor participation
Weak. 3, ‘o
‘e l“ Incomplete vendor partrcrpation Lawmm" and “Patna“,
High
(Measures ability to deliver semces successmlry)Weak Strategy
e
Strong
Source: Forrester’s Continuous Testing Service Providers, Q3 2017; Everest’s report on PEAK Matrix” for Independent Testing Services, 2018
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o c J
CIgnItIEnterprises in High Spend Domains ».-Cigniti: A Quality Engineering and Testing company focusing on Large Global
Strategic Focus
Cigniti has a client base of 242 with 50+ Fortune 500 customers and 24 USD Mn
dollars account
Cigniti primarily works in high spend and mission critical domains such as ISV,
BFSI, Travel & Hospitality, Healthcare & Life Sciences and Retail & E-commerce
Focus on digital which demands better Speed to Market, Higher Customer
Centricity and Higher Speed to Value
Over 30 of Cigniti’s large clients use its Next Generation Testing Platform -
BlueSwan, capable of serving clients across domains - to achieve growth throughIP led Software Services
Focus on operational excellence resulting in reduction of cost has led to
expansion of margins
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