Cloudflight Announces Acquisition of AI Software Development Specialist Cognostics

Cloudflight expands competencies in software development for cognitive systems

Munich, 29 October 2021 Cloudflight, one of the leading software development and IT consultancy companies and Cognostics, a specialist in AI-driven software development, will join forces. The Cognostics team consists of more than 50 senior engineers, experienced AI researchers and PhD students. Cognostics develops products and technologies that enable customers to understand and analyse complex problems and derive data-driven decisions from them. The purchase agreement is expected to be completed by the end of November.

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Cognostics is an expert in conceptual development, design and implementation of advanced, ontology-based and explainable AI solutions. Their systems are based on the interdisciplinary collaboration of domain experts, including psychologists and physicians. In addition, insights from cognitive neuroscience and AI research are incorporated.

With the transaction, Cloudflight expands its portfolio in the area of AI-based software solutions that support thinking, learning and decision-making. Due to the expanded offering from a single source, customers benefit from even more extensive AI expertise in the important digitalisation and transformation field of software development for cognitive systems. Furthermore, customers receive sound support in building data-driven business models. Cloudflight also benefits from Cognostics’ expertise of many years in interdisciplinary research.

Jörn Petereit, Managing Director at Cloudflight, is excited about this new addition to the Cloudflight family. “The merger with Cognostics offers us the opportunity to expand AI competencies, to use synergies of different expertise and to jointly open up new markets. It is another step to offer development perspectives to our highly qualified employees, to grow sustainably and to strengthen our market position.”

“In the course of our strategic growth in the field of AI and data science, we have found a partner in the Cognostics team that ideally complements Cloudflight and also matches us culturally,” says Eike-Christian Frerichs, Managing Director at Cloudflight.

“Under the Cloudflight umbrella, the Cognostics team will further develop the AI expertise developed over many years as part of a fully integrated service offering and strengthen Cloudflight as one of the leading AI-focused IT companies, especially in the future markets of healthcare and education. Our two companies complement each other perfectly in every respect,” confirms Andrej Nikonov, CEO of Cognostics.

The acquisition brings Cloudflight’s headcount to around 450 and expands its presence in Munich.

About Cloudflight

Cloudflight is a leading European software development company and AI solution provider. More than 400 visionary IT strategists, consultants, data scientists, cloud specialists and excellent software architects help enterprises to take their digital transformation to the next level. Cloudflight delivers scalable, flexible custom software that is ready to be implemented quickly and seamlessly into the client’s company by qualified IT specialists. Cloudflight also offers a holistic end-to-end service portfolio – from strategic consulting to custom software development and cloud operations. Customers benefit from a fast return on investment, a future-proof technology stack, and a significant gain in efficiency. For further information, please visit www.cloudflight.io.

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