STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Cognizant and Elektrobit Collaborate to Accelerate Development of Software-Defined Vehicles

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Cognizant (CTSH) has announced a new collaboration with Elektrobit to enhance its software-defined vehicle (SDV) solution accelerator by integrating Elektrobit's Software Development Kit for EB corbos AdaptiveCore. The enhanced solution aims to help automotive OEMs and Tier 1 suppliers create more efficient SDV architectures while accelerating development cycles.

The collaboration addresses key industry challenges including faster product development, testing cycles, and resource management. Cognizant's SDV accelerator, featuring Gen AI productivity elements, helps automotive companies reduce development costs while integrating signal-based and service-oriented applications into modern electrical/electronic architecture.

The partnership focuses on continuous testing and validation, early safety and security implementation, and managing software platform complexity. The solution is designed to reduce total ownership costs, improve time to market, and enable software upgrades and subscription services for enhanced customer satisfaction.

Loading...
Loading translation...

Positive

  • Integration of Elektrobit's SDK enhances Cognizant's SDV solution capabilities
  • Solution aims to reduce development costs and time to market for automotive clients
  • Enables new revenue streams through software upgrades and subscription services

Negative

  • None.

Insights

This strategic collaboration positions Cognizant at the forefront of the rapidly expanding software-defined vehicle market, which is projected to reach $700 billion by 2030. The partnership addresses three critical market demands: accelerated development cycles, cost optimization, and enhanced vehicle functionality through software updates.

The integration of Elektrobit's SDK into Cognizant's solution accelerator creates a compelling competitive advantage. By incorporating Gen AI-led productivity elements, the solution offers significant potential for recurring revenue streams through software upgrades and subscription services. This aligns with the industry's shift from traditional one-time sales to a software-as-a-service model in automotive.

The collaboration's focus on early defect identification and continuous testing could reduce development costs by an estimated 30-40% for automotive clients, while significantly shortening time-to-market. This efficiency gain is particularly valuable given the industry's current challenges with resource constraints and accelerating development cycles.

For investors, this partnership represents Cognizant's strategic expansion in the high-growth automotive software market. The emphasis on modular development and ecosystem orchestration suggests strong potential for scaling the solution across multiple OEMs and Tier 1 suppliers, creating a robust revenue pipeline. The integration of cybersecurity measures and support for hyper-personalization also positions the company to capture value from premium automotive segments where software differentiation commands higher margins.

Cognizant's solution accelerator, powered by Elektrobit's Adaptive AUTOSAR solution, is designed to meet increasing customer demands by accelerating the development cycle for Software-Defined Vehicles

TEANECK, N.J., Feb. 12, 2025  /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced a new collaboration with Elektrobit, an award-winning automotive software company, to integrate Elektrobit's Software Development Kit (SDK) for EB corbos AdaptiveCore into Cognizant's software-defined vehicle (SDV) solution accelerator. This enhanced accelerator, featuring Elektrobit's proven Adaptive AUTOSAR solution, aims to help original equipment manufacturers (OEMs) and Tier 1 suppliers create scalable, flexible, and cost-efficient SDV architectures. The goal is to meet customer demands by speeding up the development cycle.

Automotive companies are under pressure to accelerate product development and testing cycles while managing limited resources. This task requires innovative solutions to optimize processes and improve efficiency. Cognizant's SDV solution accelerator built with Gen AI led productivity elements helps automotive companies speed up product development and testing, improve quality and reduce development costs while managing limited resources. It integrates signal-based and service-oriented applications into modern electrical/electronic (EE) architecture, including vehicle computers and zonal controllers. This collaboration aims to make the development process smoother by using continuous testing and validation. By addressing safety and security early on, it reduces the time needed to add new features and manages the complexity of different software platforms.

"Cognizant's collaboration with Elektrobit to integrate its SDK into the SDV accelerator addresses key challenges OEMs and Tier 1s face in their Software-Defined Vehicle (SDV) journey," said Akshat Vaid, Partner, Engineering and Information Technology, Everest Group. "By combining Elektrobit's expertise in Adaptive AUTOSAR middleware and virtualization with Cognizant's SDV accelerator, the partnership enables modular development, tackles software complexity, enhances prototyping efficiency, mitigates cybersecurity risks, and streamlines ecosystem orchestration—ultimately improving time to market and competitiveness for customers."

"The comprehensive pre-built accelerator is intended to help reduce total ownership costs and improve time to market," said Wolfgang Thieme, Director, Product Management Cloud & Systems, Elektrobit. "Together with Cognizant, we are laying the groundwork for enhancing customer satisfaction and lifetime value through software upgrades and subscription services."

"We intend to streamline the development process, enhance vehicle functionality, identify defects early and integrate Gen AI in the software lifecycle to meet the growing demand for customization and hyper-personalization," said Aditya Pathak, Vice President and Americas Head of Auto, Transportation and Logistics, Cognizant. "This collaboration aims to redefine automotive software development, helping our clients deliver reliable and personalized driving experiences."

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes, and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

About Elektrobit
Elektrobit is an award-winning and visionary global vendor of embedded and connected software products and services for the automotive industry. A leader in automotive software with over 35 years of serving the industry, Elektrobit's software powers over five billion devices in more than 600 million vehicles and offers flexible, innovative solutions for car infrastructure software, connectivity & security, automated driving and related tools, and user experience. Elektrobit is a wholly owned, independently operated subsidiary of Continental. For more information, visit: www.elektrobit.com

For more information, contact:
Maribel Lopez
Commercial Communications, Cognizant
Maribel.Lopez@cognizant.com

Paul Entwistle/Lena Haussels
Global Public Relations, Elektrobit
Public.Relations@elektrobit.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cognizant-and-elektrobit-collaborate-to-accelerate-development-of-software-defined-vehicles-302374900.html

SOURCE Cognizant Technology Solutions Corporation

FAQ

What is the purpose of Cognizant's collaboration with Elektrobit for CTSH investors?

The collaboration aims to enhance Cognizant's SDV solution accelerator to help automotive companies reduce development costs, improve time to market, and create new revenue streams through software upgrades and subscription services.

How will the CTSH-Elektrobit partnership benefit automotive manufacturers?

The partnership will help OEMs and Tier 1 suppliers create more efficient SDV architectures, accelerate development cycles, reduce costs, and improve product quality through continuous testing and validation.

What technology components are included in the CTSH SDV solution accelerator?

The solution includes Elektrobit's SDK for EB corbos AdaptiveCore, Gen AI productivity elements, and integrates signal-based and service-oriented applications into modern electrical/electronic architecture.

How does the CTSH SDV accelerator address automotive industry challenges?

It addresses challenges by speeding up product development and testing cycles, managing resources, improving efficiency, and enabling early implementation of safety and security features.
Cognizant Technology Solutions

NASDAQ:CTSH

CTSH Rankings

CTSH Latest News

CTSH Latest SEC Filings

CTSH Stock Data

36.67B
482.10M
0.1%
101.6%
5.15%
Information Technology Services
Services-computer Programming Services
Link
United States
TEANECK