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Covasant Technologies Joins Global Tech Giants With ISO/IEC 42001:2023 Accredited Certification, Accelerating Enterprise AI Production

Covasant — Wed, 25 Feb 2026 06:01:30 GMT

Covasant Technologies Joins Global Tech Giants With ISO/IEC 42001:2023 Accredited Certification, Accelerating Enterprise AI Production

By achieving the global gold standard for an AI Management System (AIMS), Covasant Technologies joins an elite group of technology leaders, including Snowflake, IBM, Microsoft, AWS, and others, as one of the few organizations worldwide to hold this certification. This milestone validates the Covasant Agentic Management System as a trusted, audited engine that enables enterprises to successfully move Agentic AI from pilot to full-scale production seamlessly.

Hyderabad, India and Plano, Texas, February 2026: Covasant Technologies, a leading Agentic AI-powered, Services-as-Software platform provider, has achieved the ISO/IEC 42001:2023 accredited certification. As the world’s first international standard for an Artificial Intelligence Management System (AIMS), this certification underscores Covasant’s commitment to responsible AI governance. Most importantly, it addresses the primary hurdle for global enterprises: transitioning AI initiatives out of the pilot phase and into mission-critical production environments, at lower risk.

This accredited certification places Covasant among a select group of global technology leaders, joining the ranks of companies like IBM, Microsoft, AWS, Snowflake, and a few others, capable of demonstrating independently verified, responsible AI practices. The foundational architecture of Covasant Agent Management Suite now provides the audited code and governance-led frameworks necessary to power complex, industry-specific AI agents across diverse industry domains. Combined with existing ISO/IEC 27001 (Security) and ISO/IEC 27701 (Privacy) credentials, Covasant now offers a complete "Governance-Led" ecosystem. This assures clients in regulated sectors like Banking, Healthcare, and Manufacturing that their AI adoption is secure, compliant, and ready for deployment at scale.

Speaking on the milestone, C.V. Subramanyam, Chairman and Managing Director, Covasant Technologies, said, "Joining the ranks of global leaders with this certification is a testament to our focus. As enterprises move from experimentation to large-scale AI adoption, a governance-led approach is the essential catalyst for success. We are building AI systems that are risk-aware, ethical, and aligned with global best practices."

Eliminating the Pilot-to-Production Bottleneck

Globally, enterprise AI adoption has reached an inflection point. While 90% of organizations now use AI in some capacity, most struggle to scale their AI solutions beyond initial trials. Gartner forecasts that up to 40% of enterprises risk experiencing shadow AI breaches by 2030. For enterprises, the challenge is ensuring that autonomous agents can operate within strict regulatory and safety boundaries in a live environment. The ISO/IEC 42001 certification addresses this by evaluating how AI risks are managed across the entire lifecycle. Covasant provides the operational rigor required to bridge this gap, enabling enterprises to deploy autonomous agents in mission-critical workflows with absolute confidence.

Covasant Agent Management Suite: The Engine of Enterprise Readiness

Covasant’s Enterprise AI platform operationalizes global governance principles. By building agentic systems through the Covasant Agent Management Suite, enterprises leverage a platform architected to meet ISO/IEC 42001:2023 standards from the ground up. This ensures that the generated code and agent behaviors are inherently compliant and auditable, solving the quality and trust issues that often stall production deployments.

Srikanth Chakkilam, CEO and Executive Director, Covasant Technologies, added, "Agentic AI is transforming operations, but moving from pilot to production requires a mature, governed environment. This accredited certification validates that Covasant Agent Management Suite provides the disciplined framework where AI agents can be trusted to perform at an enterprise grade. We are helping our clients move past the hype to deliver measurable, long-term value through reliable and secure AI agents and agentic systems.”

A Proven Leader in AI Governance

As AI regulations gain momentum, Covasant is uniquely positioned to lead the deployment of production-level Agentic AI. This achievement follows a string of industry recognitions, including the Covasant Agent Management Suite being named the "Best AI Platform for Agent Governance" at the Telangana Leadership Awards 2025 and Covasant being recognized as the "Best Cybersecurity Company of the Year 2025" for its CyberProTX product.

About Covasant Technologies

Covasant Technologies is an emerging global leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM). Strategically located in innovation hubs including Hyderabad, Plano, New York, Los Angeles, London, and Dubai, Covasant leverages a premier talent ecosystem to deliver scalable, autonomous solutions. Our "Governance-Led" approach ensures that global enterprises can automate decision-making and orchestrate business processes with the reliability and speed required in today’s market.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Covasant Unveils CAMS, an Integrated AgentOps Platform to Industrialize the Enterprise Agentic AI Lifecycle

Covasant — Wed, 21 Jan 2026 04:13:55 GMT

Covasant Unveils CAMS, an Integrated AgentOps Platform to Industrialize the Enterprise Agentic AI Lifecycle

The Covasant Agent Management Suite (CAMS) platform unifies the hyperscaler multiverse with universal multi-agent orchestration (MAO), centralized discovery, full-stack observability, and comprehensive AgentOps governance.

Plano, TX, United States, January 2026: Covasant Technologies, an emerging leader in enterprise Agentic AI solutions, today announced the global launch of the Covasant Agent Management Suite (CAMS). As organizations transition from experimental AI pilots to fully autonomous digital workforces, CAMS provides the critical end-to-end lifecycle governance and operational control needed to manage Agentic AI at scale.

By 2028, Gartner predicts that 33% of enterprise software applications will include agentic AI. However, 40% of these initiatives are expected to fail by 2027 due to the lack of robust lifecycle management and governance frameworks. Without clear oversight, enterprises face potential issues, such as system drift, poor decision-making accountability, prompt injection vulnerabilities, and audit failures. CAMS directly addresses this adoption barrier by providing a unified AgentOps framework that ensures every autonomous agent remains reliable, auditable, and aligned with core organizational objectives.

Mastering the Agentic Workforce: A Unified Platform

CAMS empowers organizations to scale confidently across hybrid and multi-cloud environments, including Microsoft Azure AI Foundry and Google Vertex AI, through an integrated suite of operational components, such as:

Agent Builder & Studio: A low-code visual interface for designing multi-agent systems. It facilitates the creation of the Model Context Protocol (MCP) and enables teams to rapidly assemble agents using pre-built enterprise connectors for systems like SAP and Oracle.
Multi-Agent Orchestrator: The platform’s central "conductor" capable of coordinating specialized agents hosted in different third-party environments. It manages complex semantic handoffs and parallel execution across the hyperscaler multiverse, transforming isolated tools into a collaborative intelligence network.
Agent Registry & Marketplace: Acts as the enterprise's central catalog for automated discovery of agents across different ecosystems, including GCP and Azure. It enables centralized configuration of prompts and datastores while providing standardized deployment management and version control.
AI Agent Control Tower: A vendor-agnostic command center providing full-stack observability, real-time telemetry, token usage tracking, and automated policy enforcement across any stack.

Speaking about the launch of the Covasant Agent Management Suite, ReddyRaja Annareddy, CTO, Covasant Technologies, said, “AgentOps is the new strategic imperative. Agentic AI represents the next great inflection point in enterprise automation, but it introduces the complex challenges of governance, accountability, and multi-vendor interoperability. Our unique value proposition is enabling true universal interoperability across the hyperscaler multiverse and every agent stack. With CAMS, we aim to empower global organizations to move beyond simple automation towards true intelligence, where AI autonomously drives measurable business outcomes, while safeguarding compliance and an identity-native security posture.”

The Roadmap Ahead: Context Core and Intelligent Meta RAG

While CAMS delivers immediate value through its existing platform, Covasant is committed to deep vertical industrialization. As part of the immediate roadmap, Covasant will unveil:

AI Strategy Compass: A strategic diagnostic layer that maps existing business processes to AI opportunities. It identifies high-value use cases and captures the "tribal knowledge," the unwritten rules of how a business actually operates. to seed context for the entire development journey.
Agent Eval Bench: A rigorous validation environment that uses captured tribal knowledge to create comprehensive, real-world test scenarios. It ensures agents adhere to specific business rules and detects hallucinations or prompt injection vulnerabilities before production.
Agent Context Core: A foundational layer dedicated to synthesizing tribal knowledge from across the enterprise (Slack, Teams, and emails), grounding agents in actual organizational history and nuances.
Intelligent Meta RAG: A next-generation retrieval engine that dynamically routes queries across Vector Stores, Knowledge Graphs, and SQL databases, providing multi-hop reasoning and explainable AI responses grounded in enterprise data profiles.
Agentic Workflow Builder: A canvas designed to help non-technical business owners assemble cross-functional agent workstreams that automate complex end-to-end processes automatically.

Sharing his thoughts on the launch of CAMS, Srikanth Chakkilam, CEO and Executive Director, Covasant Technologies, said, “Enterprises are excited about what Agentic AI can achieve, but they are rightfully cautious about the operational reality of governing them at scale. An AI agent is a mission-critical digital asset that demands continuous lifecycle governance. How do you ensure AI agents remain secure, compliant with regulations like the EU AI Act, the CCPA, and other regulations across the world, and effective throughout their entire existence? We built the Covasant Agent Management Suite to provide that essential, hyperscaler-agnostic framework to help enterprises aggressively scale their AI workforce, knowing that they have end-to-end control from the first design prompt to the final decommissioning.”

As the AI landscape continues to evolve with more autonomous and interconnected systems, Covasant is working towards building a future where Agentic AI becomes the backbone of intelligent enterprises, seamlessly augmenting human decision-making, improving business resilience, and driving innovation across sectors. CAMS is a step in that direction, laying the groundwork for a new era of AI-driven enterprises where governance, ethics, and intelligence coexist by design.

About Covasant Technologies

Covasant Technologies is an emerging product company in the Agentic AI space, delivering AI-led solutions that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM) to help global enterprises autonomously automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Plano, Texas (USA), London (UK), Dubai (UAE), and Hyderabad (India), Covasant delivers scalable, hyperscaler-agnostic, autonomous solutions that intelligently orchestrate business processes and generate actionable insights.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Covasant Achieves Google Cloud Partner Status in ‘Build Engagement Model’ and Expands AI Portfolio to Google Cloud Marketplace

Covasant — Thu, 11 Dec 2025 05:28:27 GMT

Covasant Achieves Google Cloud Partner Status in ‘Build Engagement Model’ and Expands AI Portfolio to Google Cloud Marketplace

Covasant introduces konaAI on the Google Cloud Marketplace, outlining a road map of enterprise-ready offerings for compliance, risk & operational intelligence.

PLANO, TX, UNITED STATES, December 10, 2025: Covasant Technologies, a leading agentic AI-powered Services-as-Software company, today announced that it has become a “Partner Level Partner” for the ‘Build Engagement Model’ in the Google Cloud Partner Advantage Program, complementing its existing designation as a Partner Level Partner for the ‘Service Engagement Model’.

This achievement underscores Covasant’s commitment to co-innovation and accelerates its ability to deliver AI-driven solutions across enterprise risk, compliance, and operational intelligence.

Becoming a ‘Build Partner’ in the Google Cloud Partner Advantage Program validates Covasant’s technical expertise in developing cloud-native, AI-powered solutions on the Google Cloud infrastructure. Covasant’s expanded collaboration with Google Cloud unlocks significant benefits for customers, such as:

Faster Procurement: Enterprises can purchase Covasant solutions directly through the Google Cloud Marketplace with consolidated billing and governance.
Financial Advantages: Purchases count toward Google Cloud committed spend, helping customers optimize budgets.
Joint Innovation: Covasant and Google Cloud will collaborate on initiatives that help accelerate the adoption of AI-powered compliance and risk solutions.

AI Portfolio Expansion

Covasant has made konaAI, the first solution in its AI portfolio, available on the Google Cloud Marketplace. Built on Google Cloud, konaAI delivers continuous fraud risk intelligence across vendor, employee, and customer ecosystems, helping compliance, audit, and risk teams detect anomalies, streamline workflows, and accelerate investigations in real time. By making konaAI available through the Google Cloud Marketplace, Covasant enables enterprises to adopt advanced risk analytics with simplified procurement and governance.

Covasant’s broader AI portfolio includes solutions that will soon be available on the Google Cloud Marketplace, designed to address critical enterprise challenges:

Covasant Agent Management Suite (CAMS): A governance-first platform for designing, deploying, and managing intelligent agents at scale.
Investment Agent: Powered by Google’s Gemini LLMs, enabling financial teams to model scenarios and make data-driven investment decisions with speed and precision.
Safety Agent: A GenAI-powered assistant that transforms static SOPs into actionable insights for improved compliance and incident prevention.
Unified Security Solutions: Delivering end-to-end cyber resilience through AI-driven automation, real-time threat detection, and orchestrated response.

“Our Partner level partner status in the Build engagement model deepens our collaboration with Google Cloud, reflects our technical excellence, and opens new avenues for innovation,” said Arghya Bhattacharya, Chief Partner Officer, Covasant. “Our AI portfolio is designed to help enterprises automate decision-making, strengthen compliance, and drive measurable outcomes at scale,” added Arghya.

“Bringing Covasant’s AI portfolio to the Google Cloud Marketplace will help customers quickly deploy, manage, and grow the company’s konaAI solution and other planned offerings on Google Cloud’s trusted global infrastructure,” said Dai Vu, Managing Director, Marketplace & ISV GTM Programs, Google Cloud. “Covasant can now securely scale and support enterprises using its AI-driven solutions to help transform compliance, risk, and operational intelligence,” added Dai Vu.

About Covasant Technologies

Covasant Technologies is an emerging global leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM) to help global enterprises automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Dallas, New York, Los Angeles, London, Dubai, and Hyderabad, Covasant delivers scalable, autonomous solutions that intelligently orchestrate business processes and generate actionable insights.

Originally published at EINPresswire.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Covasant Establishes New AI Innovation Center in Hyderabad; Inaugurated by Shri D. Sridhar Babu, Minister for IT, Telangana

Covasant — Tue, 02 Dec 2025 11:35:56 GMT

Covasant Establishes New AI Innovation Center in Hyderabad; Inaugurated by
Shri D. Sridhar Babu, Minister for IT, Telangana

Covasant’s new facility to accommodate 500 AI engineers with plans to rapidly expand to 3000 AI engineers by 2028
Designed to enable global enterprises to adopt Agentic AI-based solutions responsibly, at scale

Hyderabad, India, December 1, 2025: Covasant Technologies launched its new AI Innovation Center at Atria, International Tech Park, Hyderabad, Telangana, on December 1, 2025.

In addition to its global offices in Dallas, New York, Los Angeles, London, and Dubai, this new center is dedicated to enabling agentic AI adoption, helping enterprises scale agentic AI solutions at scale, with reliable guardrails. The center focuses specifically on building autonomous Agentic AI solutions to solve complex business challenges for global enterprises.

The Innovation Center was inaugurated by Shri D. Sridhar Babu, Hon’ble Minister of Information Technology, Electronics & Communications, Industries & Commerce, and Legislative Affairs, Government of Telangana, in the presence of Shri Sanjay Kumar, IAS, Special Chief Secretary, Government of Telangana, and Shri Sai Krishna, IT Advisor to the Hon’ble Minister of IT, E&C, Industries & Commerce, Government of Telangana. The event marked a milestone for Telangana’s emerging AI ecosystem and for enterprises seeking a trusted partner in agentic AI.

Shri D. Sridhar Babu, Hon’ble Minister for IT, E&C, Industries & Commerce, and Legislative Affairs, Government of Telangana, said, “Around the world, cities are competing to lead the age of artificial intelligence (AI). Hyderabad has chosen a different path. We are building leadership-based on depth, capability, and long-term vision. In the coming year, we will see a strong surge in advanced engineering centers and a major expansion of specialized roles in AI and cybersecurity. Covasant’s AI innovation center strengthens this momentum. It brings governance, cybersecurity, and enterprise-grade AI development into one ecosystem. Hyderabad is no longer just a technology hub. It is becoming an AI command center, a place where global products are built and where the future of secure and responsible AI will be shaped.”

Shri Sanjay Kumar, IAS, Special Chief Secretary, Government of Telangana, said, “Telangana has built one of the most trusted and future-ready innovation environments in India. Covasant’s AI innovation center in Hyderabad adds a powerful new pillar to our deep-tech landscape. With strong talent pipelines, policy certainty, and a collaborative industry ecosystem, we are confident that Hyderabad will continue to emerge as a global destination for responsible and scalable AI innovation.”

Talking about the new AI innovation center, Shri C.V. Subramanyam, Chairman and Managing Director, Covasant, said, “Agentic AI is emerging as a powerful capability. By creating the AI Innovation Center, we are giving our customers a safe environment to explore AI agents, move from experiment to business impact, and build for scale, with enterprise guardrails. Our focus is on solving real enterprise problems, automating complex decision workflows, making AI agents a part of the enterprise fabric.”

Covasant’s new AI Innovation Center is specifically engineered to enable enterprises to gain a competitive advantage by securely adopting Agentic AI at scale, helping them swiftly move from pilot to production. The facility focuses on reduced risk through built-in governance through proprietary products and solutions, enabling clients to integrate Agentic AI without compromising compliance or introducing operational risk. The center delivers domain-aware solutions, embedding industry best practices across sectors to ensure the AI agents built are truly relevant and impactful.

About Covasant Technologies

Covasant Technologies is an emerging global leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM) to help global enterprises automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Dallas, New York, Los Angeles, London, Dubai, and Hyderabad, Covasant delivers scalable, autonomous solutions that intelligently orchestrate business processes and generate actionable insights.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Covasant Launches AI Agent Control Tower to Bring Order to the Chaotic Enterprise AI Landscape

Covasant — Thu, 04 Sep 2025 04:03:44 GMT

Covasant Launches AI Agent Control Tower to Bring Order to the Chaotic Enterprise AI Landscape

As businesses face a confusing flood of single-purpose AI agents from large IT service providers, Covasant provides the much-needed unified command center to prevent risk and unlock real value.

Texas, September 3, 2025: Leading Agentic AI-powered Services-as-Software company, Covasant Technologies, today launched its AI Agent Control Tower (AI ACT), a governance platform designed to bring clarity and control to an increasingly fragmented enterprise AI ecosystem. The launch is a direct response to the market's chaotic rush to deploy countless, disconnected AI agents, which threatens to create a new generation of technical debt and operational risk.

Every day, enterprises are witnessing a relentless race to proudly announce the launch of AI agents by the hundreds, each built by legacy IT service providers for a narrow business task. Far from simplifying operations, this unchecked proliferation is creating a dangerous new form of ‘Shadow AI’ where countless ungoverned autonomous tools operate in silos, without centralized oversight or adequate security guardrails. This fragmentation is the single biggest emerging threat to achieving scalable, secure, and cost-effective AI.

Covasant’s AI ACT moves beyond the noise of agent creation to address the far more strategic challenge of unified agent management.

“The market is being flooded with point solutions being presented as strategic attempts at solving business challenges. An agent for every task is not a strategy; it’s a recipe for chaos,” said C.V. Subramanyam, Chairman and Managing Director, Covasant Technologies. “Enterprises are quickly realizing that the real challenge isn't building one more agent but managing the dozens that they already have. We built the AI ACT to be the strategic control plane, the single source of truth that transforms a patchwork of disconnected AI agents into a cohesive, secure, and optimized autonomous workforce,” he added.

A New Category of Enterprise Software, Pioneered by a Select Few

According to Grand View Research, the global enterprise agentic AI market is estimated to increase from USD 2.58 billion in 2024 to USD 24.50 billion by 2030, growing at a CAGR of 46.2% from 2025 to 2030. The Enterprise Agentic AI industry in the US is also estimated to grow at the same CAGR, during the forecast period. The report also suggested that the North American Enterprise Agentic AI market dominated the global industry, accounting for a revenue share of 39%.

In response to this critical challenge, a new, definitive category of enterprise software is emerging: the AI Agent Control Tower. This strategic layer is being pioneered by forward-thinking tech companies who understand that governance is the true enabler of scaling AI initiatives. With the launch of AI Agent Control Tower, Covasant now joins the league of leading enterprise software companies, such as Salesforce and ServiceNow, who now have a universal, vendor-agnostic agent control tower. While large IT service providers continue to flood the market with single-purpose agents, these pioneering companies are building the essential infrastructure to manage them. They recognize that without a command-and-control centre, the proliferation of these AI agents leads to operational blind spots, security gaps, and unpredictable costs.

“The market is witnessing a fundamental architectural shift. Just as every enterprise needed a CRM or an ITSM platform, every enterprise will now need an agent control tower,” said Srikanth Chakkilam, CEO, Covasant Technologies. “Our vision was to create the single pane of glass for the modern, heterogenous agentic enterprise. That’s why we built Covasant AI Agent Control Tower to provide unified governance for every AI agent regardless of its origin, platform, or function. We’re excited that we have solved a critical problem for an entire generation of enterprise AI,” he added.

Key Capabilities of the Covasant AI Agent Control Tower

The AI ACT is the antidote to AI fragmentation, offering:

Universal Agent Registry: A single dashboard to inventory, monitor, and manage every agent across the enterprise, regardless of its origin.
Centralized Governance & Security: Enforce consistent policies, AI guardrails, and compliance protocols across all agents to prevent drift and rogue behavior.
Cross-Platform Observability: Real-time tracking of agent performance, token consumption, and decision-making for a holistic view of the entire AI operation.
Business Impact & ROI Tracking: A live dashboard to evaluate each agent's contribution to business outcomes, cutting through the noise to show what's actually working.
Comprehensive Audit & Explainability: Logs every agent's decision-making process, providing a clear, unified audit trail for compliance and debugging.

In a market characterized by endless announcements of single-task agents, Covasant is delivering the strategic platform for multi-agent mastery. The AI ACT provides the essential foundation for enterprises to scale their AI ambitions confidently, securely, and responsibly. With this launch, Covasant stands to have the early mover’s advantage, which will be instrumental in shaping the Agentic AI governance ecosystem across the globe.

About Covasant Technologies

Covasant Technologies is an emerging global leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM) to help global enterprises automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Plano (Texas), London (UK), Dubai (UAE), and Hyderabad (India), Covasant delivers scalable, autonomous solutions that intelligently orchestrate business processes and generate actionable insights.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Hyderabad’s Covasant Puts India’s Brightest AI Talent in the Spotlight at Inaugural Hackathon

Covasant — Wed, 30 Jul 2025 05:43:21 GMT

Covasant Technologies Puts India’s Brightest AI Talent in the Spotlight at Inaugural Hackathon

VIT Chennai wins top prize; Teams from IIIT Raichur, IIT Bhubaneswar, and a second team from VIT Chennai named runners-up for enterprise-grade AI solutions built on Google Cloud Platform

HYDERABAD, INDIA – July 30, 2025: Leading Agentic AI-powered Services-as-Software company, Covasant Technologies, has successfully concluded its first-ever National AI Hackathon 2025, bringing together the brightest young minds from top Indian tech institutions for an invite-only, one-of-a-kind challenge focused on building real-world AI agents and accelerators, which solve real business challenges.

A team from Vellore Institute of Technology (VIT), Chennai, clinched the top spot for their project on Agent Testing, designed to rigorously evaluate AI agents through stress testing, safety checks, and cost diagnostics. The winning team was awarded a cash prize of INR 1,00,000 and an invitation to take up a paid internship for six weeks to work closely with Covasant’s product and engineering leadership teams.

Three other teams, including one from IIIT Raichur, IIT Bhubaneswar, and a second team from VIT Chennai earned runner-up honors for their standout submissions in the areas of AI-powered intelligent discovery, conversational chat builders, and smart routing engines optimizing for cost, latency, and accuracy.

The invite-only virtual hackathon drew over 100 registrations from the select institutions, out of which 22 teams were handpicked to compete over a three-week sprint. Participants received direct mentorship from Covasant’s technology and delivery leaders, gaining real-world exposure to develop enterprise AI applications and agents.

Subhendu Pattnaik, Chief Marketing Officer, Covasant Technologies, said, "We’ve always believed Hyderabad is a launchpad for innovation, and this hackathon proves that when you pair India’s best student minds with the right environment and guidance, real impact happens. The solutions we saw were bold, practical, and deeply thoughtful, and we're proud to be the bridge between academia and industry."

C V Rammohan, Chief Delivery Officer, Covasant Technologies, added, "These teams went beyond prototypes. They built scalable solutions with real-world applicability using Google Cloud. It was inspiring to see such technical depth from students, and we’re excited to work closely with them to evolve their ideas into enterprise-grade products."

As a technology leader based in Hyderabad, India, with offices in the US and the UK, Covasant Technologies is known for pioneering Agentic AI led Services-as-Software delivery model. This hackathon further reinforces the company’s commitment to nurturing future-ready talent and tackling enterprise-scale AI challenges through its proprietary products and services.

About Covasant Technologies

Covasant Technologies is an emerging global leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM) to help global enterprises automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Plano (Texas), London (UK), and Hyderabad (India), Covasant delivers scalable, autonomous solutions that intelligently orchestrate business processes and generate actionable insights.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Covasant Launches Enablr™ to Bridge the ‘Strategic Value Gap’ for Global Capability Centers

Covasant — Tue, 22 Jul 2025 13:17:07 GMT

Covasant Launches Enablr™ to Bridge the ‘Strategic Value Gap’ for Global Capability Centers

New AI-first practice helps both new and mature GCCs fast-track strategic relevance and impact.

Plano, Texas, July 23, 2025: Covasant Technologies today launched Enablr™, a specialized AI-first GCC practice designed to solve a critical dual challenge for Global Capability Centers (GCCs): building strategic value from inception and unlocking the untapped potential in established GCC operations. Enablr offers AI-led solutions for enterprises looking to establish, manage, and optimize a GCC with speed, intelligence, and accelerated business impact.

The launch comes at a time when the GCC landscape is experiencing unprecedented growth. India alone houses nearly 2,000+ GCCs, employing close to 2 million professionals. Enablr enters this market with a clear mission: to partner with companies in building future-ready GCCs from the ground up, and to help mature centers bridge the "strategic value gap", the often-overlooked space between operational excellence and enterprise-wide impact.

Reimagining the GCC Landscape With an AI-first Approach
Enablr firmly believes that all GCCs are on a journey of value creation. As per a report by PWC India, “GCCs are growing at a CAGR of 11–12% between FY2025 and FY2029, notably in digital-first domains like AI, data engineering, cloud, cybersecurity, and product engineering.” For new entrants, the goal is to bypass common pitfalls and build a strategic asset from day one. For established centers that have already achieved operational excellence, the next frontier is to evolve into becoming true strategic partners for their global headquarters. With its proprietary AI solutions and maturity framework, Enablr delivers tailored roadmaps aligned to each enterprise’s strategic intent, making every GCC’s value quantifiable, scalable, and visible in the boardroom.

Speaking about the launch of Enablr, C.V. Subramanyam, Chairman and Managing Director, Enablr, said, “GCCs today have evolved from just being offshore support systems to becoming the epicentre of innovation, product development, and enterprise transformation. The definition of success for a GCC has fundamentally evolved. It's no longer enough to be an efficient operation; you must be a strategic partner to the enterprise. Enablr is built for leaders who recognize this shift. We offer enterprises a decisive edge by combining the intelligence of Agentic AI, regional expertise, operational scalability, and talent strategy. Whether you are laying the first brick or building on a decade of success, our mission is to deliver a repeatable blueprint for value creation.”

Offering comprehensive services, Enablr supports enterprises through every phase of their GCC journey: from initial strategy formulation and location advisory to setup, talent acquisition, and continuous operational optimization. Its holistic framework integrates regional market intelligence, advanced analytics, intelligent process automation, and a deep understanding of global talent ecosystems. The goal is to bring a paradigm shift in how enterprises design and scale GCCs using an AI-first strategy with clear, measurable outcomes.

“We’ve structured Enablr to serve the full spectrum of our clients' needs,” said Nanda Padmaraju, Chief Revenue Officer, Enablr. “We understand the nuances of global talent dynamics, regional and local regulatory environments, and the critical importance of cultural integration. Our tailored solutions, powered by AI, ensure every GCC we help establish and support is not just an operational unit, but a strategic asset, which is meticulously designed to drive sustainable value and enduring competitive advantage," he added.

About Enablr
Enablr, the GCC practice of Covasant, enables organizations to set up and manage Global Capability Centers (GCCs) effortlessly. By blending seasoned GCC expertise with AI-native innovation, Enablr helps enterprises build fully integrated “intelligent hubs” that accelerate enterprise transformation with speed and scale. It supports every phase of the GCC lifecycle, be it talent and HR frameworks, workspace planning, business operations, or tech enablement, with flexible engagement models. Enablr’s value lies in its ability to accelerate setup, embed AI across GCC operations (through Covasant’s proprietary AI platform), and build a foundation for continuous innovation.

About Covasant Technologies
Covasant Technologies is a rising global leader in AI-led business transformation. The company partners with the world's leading enterprises to develop and deploy intelligent solutions that drive growth, efficiency, and resilience. Covasant recently announced a strategic merger combining konaAI and DCube Data Sciences Corp under its umbrella to deliver integrated offerings, AI-driven compliance, cybersecurity, data, and AI engineering to enterprise customers worldwide.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Originally published at EINPresswire.

Covasant is a Member of the SAP® PartnerEdge® Open Ecosystem

Covasant — Wed, 16 Jul 2025 12:11:18 GMT

Covasant is a Member of the
SAP® PartnerEdge® Open Ecosystem

Accelerating AI adoption for SAP enterprises with agentic AI services

Plano, Texas, July 16, 2025: Covasant Technologies, a pioneer in developing Agentic AI solutions for global enterprises, recently announced its enrolment into the SAP® PartnerEdge® Open Ecosystem. This step is a testament of Covasant’s commitment to accelerating the adoption of Agentic AI for SAP-powered businesses. Through this association, Covasant now has access to the SAP PartnerEdge Open Ecosystem’s cutting-edge tools, APIs, and technical resources to accelerate the development of AI-powered, SAP-compatible services and solutions, while delivering enhanced business value for clients operating within the SAP ecosystem, globally.

Accelerating Innovation in Enterprise AI for SAP-Driven Businesses

With SAP’s strong focus on enterprise digital transformation, SAP customers require AI-powered services and solutions that seamlessly integrate with their SAP environments. As 400,000+ global SAP customers look to adopt AI-based solutions to autonomize their business processes, Covasant is well placed to cater to their unique requirements. Covasant’s expertise in agentic AI and AI-led services will enable enterprises using SAP to unlock greater operational intelligence, scalability, and AI-driven innovation, ensuring their AI investments align with their business goals, positioning Covasant as a trusted AI partner for SAP enterprises.

Speaking about becoming a member of the SAP® PartnerEdge® Open Ecosystem, Arghya Bhattacharya, Chief Partnership Officer, Covasant Technologies, said, "Enrollment in the SAP PartnerEdge Open Ecosystem is a significant, yet natural step in our growth journey, and opens up greater opportunities at the global scale. This association with SAP underscores our commitment to co-innovation, scalability, and AI Democratization for enterprise clients.”

“Our inclusion in the SAP PartnerEdge Open Ecosystem signals a focused commitment to the SAP community,” said Subhendu Pattnaik, Chief Marketing Officer, Covasant Technologies. He added, “We are shaping a next-generation agentic AI practice designed to augment SAP environments, enabling enterprises to efficiently evolve their digital core with AI without risky transformations. Our expertise in AI-led engineering, scalable AI infrastructure, and data governance will help SAP users optimize their AI capabilities, reduce complexity, and accelerate innovation.”

Covasant’s entry into the SAP universe signals its growing leadership in the enterprise AI space, accelerating value creation for enterprises that are already leveraging SAP ERP systems.

About Covasant Technologies

Covasant Technologies is an emerging global leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and Enterprise Risk Management (ERM) to help global enterprises automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Plano (Texas), London (UK), and Hyderabad (India), Covasant delivers scalable, autonomous solutions that intelligently orchestrate business processes and generate actionable insights.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

Originally published at EINPresswire.

Covasant Announces Strategic Merger With konaAI and DCube to Accelerate Agentic AI Adoption in Enterprise Risk Management

Covasant — Wed, 09 Jul 2025 03:35:01 GMT

Covasant Announces Strategic Merger With konaAI and DCube to Accelerate Agentic AI Adoption in Enterprise Risk Management

Plano, Texas, July 9, 2025: Three specialized technology firms have merged under a team of proven industry veterans to create Covasant Technologies, a new powerhouse focused on solving complex risk, compliance, and cybersecurity challenges with Agentic AI. The Texas-based company today announced the formal merger, which unites its AI-led services with the deep expertise of konaAI, a leader in AI-driven fraud-risk and compliance technology, and DCube Data Sciences Corporation, a specialist in cybersecurity and eDiscovery. This strategic combination positions the new Covasant at the forefront of innovation for enterprise governance.

By integrating konaAI’s best-in-industry, AI-led compliance expertise and DCube’s coveted cybersecurity and eDiscovery strengths, Covasant is poised to significantly expand its services portfolio and reinforce its commitment to delivering robust, end-to-end enterprise governance solutions to its clients across the US, UK, and Asia-Pacific region.

A Leadership Team Built for the Next Wave of Enterprise AI

The new entity is spearheaded by a team of visionary entrepreneurs and recognized industry leaders, bringing decades of experience in building high-growth technology companies and solving complex risk challenges for many of the world's largest organizations.

At the helm is Srikanth Chakkilam, a visionary entrepreneur and strategic leader known for building high-growth, innovation-driven technology companies including Cigniti Technologies. As CEO and Executive Director of Covasant, he leads the company’s global strategy. His contributions have earned him the prestigious Forbes Leadership Award and a nomination for the EY Entrepreneur of the Year. An active angel investor in AI and SaaS, Srikanth is committed to building institutions that inspire, scale, and endure.

Sharing his vision for the future of AI-led governance, Srikanth Chakkilam, CEO, Covasant Technologies, emphasized the importance of a unified approach to enterprise AI solutions. He said, “The era of siloed AI experiments is over. Enterprises today demand unified, secure, and scalable platforms that deliver tangible business outcomes. This merger is focused on integrating deep domain expertise to solve high-stakes business problems together. We are creating the definitive leader in Agentic AI-led services for enterprise governance, risk, and compliance.”

Joining him is Vincent Walden, a globally recognized authority on forensic data analytics and corporate compliance. As the CEO of konaAI, he leads the charge in helping organizations detect and prevent fraud and corruption. Before konaAI, Vincent was a Managing Director at Alvarez & Marsal and a Partner at Ernst & Young, leading global forensic analytics teams. For his contributions, he was named “Certified Fraud Examiner of the Year” by the Association of Certified Fraud Examiners in 2022.

"Joining hands with Covasant allows us to combine our AI-driven compliance and risk management expertise with Covasant's larger, innovative solutions for enterprise AI and governance to deliver unmatched value for our clients," said Vincent Walden, CEO, konaAI, a Covasant company. "In a world of increasing fraud and compliance complexity, risk professionals in Fortune 500 companies trust our platform because it provides precision-engineered, real-time insights that continuously learn. Together, we will set a new standard for proactive risk management, building the ‘dream platform’ for compliance and risk professionals," added Walden.

The leadership team is further strengthened by Paul Kelley, CEO of DCube Data Sciences. A 25-year veteran in digital forensics and legal technology, Paul began his career at KPMG and Deloitte before taking on senior leadership roles at FTI Consulting and Stroz Friedberg. His expertise in managing large-scale litigation, cybersecurity, and e-Discovery for high-stakes matters brings critical, real-world experience to the new entity.

“We are excited about our merger with Covasant to deliver a stronger joint value proposition to our clients across diverse industry domains," said Paul Kelley, CEO, DCube Data Sciences, a Covasant company. "Data is the lifeblood of AI and the biggest point of risk in litigation and cyberattacks. This strategic alignment enables us to leverage our combined capabilities in cybersecurity, e-Discovery, and data analytics to provide comprehensive solutions that enhance organizational resilience and compliance," added Kelley.

Navigating the Agentic AI Paradox: A Market at a Crossroads

This merger arrives at a pivotal moment. A recently published UN Trade and Development (UNCTAD) report projects the global AI market will soar from $189 billion in 2023 to $4.8 trillion by 2033, which is a 25-fold increase. Agentic AI is emerging as the next frontier, yet this opportunity presents a critical paradox: as enterprises rush to adopt AI, they face significant implementation hurdles and expose themselves to new, complex risk vectors.

With over 80% of executives viewing AI as a strategic advantage (MIT Sloan Management Review) and more than half of risk leaders planning to adopt AI-based solutions this year (NAVEX State of Risk and Compliance Report 2024), the need for a trusted, end-to-end partner has never been greater.

It is precisely this challenge that the Covasant merger is designed to solve. By fusing Covasant's AI engineering prowess with konaAI’s intelligent compliance and DCube’s cybersecurity strengths, the new entity directly confronts these adoption barriers. It provides a unified platform that enables clients to harness the power of Agentic AI strategically and securely, maximizing business value while minimizing risk.

About Covasant Technologies

Covasant Technologies is an emerging global leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and enterprise risk management to help global enterprises automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Plano (Texas), London (UK), and Hyderabad (India), Covasant delivers scalable, autonomous solutions that intelligently orchestrate business processes and generate actionable insights.

About konaAI

konaAI, a Covasant company, delivers real-time fraud detection, anti-corruption, and compliance analytics through a proprietary AI-Driven engine. Designed to monitor 100% of transactions in real time, it helps audit teams flag anomalies and mitigate high-risk activities proactively. Built on proprietary risk signals and validated machine learning models, konaAI is trusted by over two dozen Fortune 500 companies.

About DCube Data Sciences Corporation

DCube Data Sciences Corporation, a Covasant company, is a leader in automated data services and cybersecurity, offering specialized expertise in threat monitoring and response, legal analytics, and information governance. DCube is an ISO 27001-compliant, ITAR-compliant, and SOC II certified services company, offering AI-led services coveted by enterprise clients across highly regulated industries.

Media Contact:

Rohit Gupta
+91 725-925-3400 | Rohit.gupta@covasant.com

IT Services Titan Phaneesh Murthy Joins AI Challenger Covasant as Strategic Advisor

Covasant — Fri, 27 Jun 2025 05:21:43 GMT

IT Services Titan Phaneesh Murthy Joins AI Challenger Covasant as Strategic Advisor

Murthy’s business acumen and decades of experience will guide Covasant as it navigates the global Enterprise AI landscape.

June 27, 2025: Covasant Technologies, an emerging leader in Enterprise AI and Agentic AI-led services as software, today announced that tech industry icon Phaneesh Murthy has joined its Advisory Board as a Non-Executive Director. This appointment reinforces Covasant’s ambition to lead the enterprise AI era through innovative AI and emerging tech solutions, guided by seasoned strategic leadership to scale responsibly and globally.

Murthy, renowned for scaling both Infosys and iGATE into billion-dollar powerhouses, now joins Covasant’s Advisory Board to help power the company’s vision for disruptive growth in Enterprise AI. His appointment marks a significant endorsement of Covasant’s aspiration to challenge the traditional IT services model and define the future of enterprise automation, particularly in the evolving field of Agentic AI.

"For decades, the IT industry's brilliance was in its ability to scale human expertise. We've now reached a turning point. The goal today is to empower that expertise with true efficiency and autonomy, powered by AI," said C. V. Subramanyam, Chairman and Managing Director, Covasant Technologies. "Phaneesh joining us is a landmark moment because he's one of the architects of that first IT wave. He sees clearly where the next wave is headed, and it signals a fundamental shift in how value will be created in this industry for the next decade. We’re thrilled to have him on board and are certain that his business acumen, and his wealth of experience will be instrumental in shaping our strategic direction, driving innovation, and solidifying our position as a trusted leader in Agentic AI that delivers tangible business impact for enterprises.”

Murthy's career has been defined by identifying and capitalizing on the "next big thing" in technology services. His move to a focused, nimble and specialized firm like Covasant is an indicator of where enterprise value will be created next. Murthy will be instrumental in shaping Covasant’s global expansion, particularly in key verticals like healthcare, BFSI, manufacturing, and media and communication.

"The industry is flooded with AI hype. Everyone has a chatbot!," said Phaneesh Murthy. "But very few are building what Covasant is: autonomous AI agents with human in the loop, that can actually run a supply chain, manage a financial audit, or solve other real-business challenges across domains, flawlessly. They're not just building better tools; they're building a new kind of workforce, with guardrails to ensure AI stays compliant while delivering value. Their 'Services-as-Software' model is the most logical evolution of the global services industry. I’m here because I believe Covasant has the vision and the DNA to lead it. This is about building the next great enterprise technology company, not just another services firm," added Murthy.

About Covasant

Covasant Technologies Private Limited is a technology leader in delivering Agentic AI-led services that address complex, industry-specific challenges. Through its pioneering Services-as-Software model, Covasant brings together capabilities in data engineering, digital and cloud, AI engineering, and enterprise risk management to help global enterprises automate decision-making, simplify operations, and move faster, thus delivering measurable outcomes and meaningful transformation. With offices in Hyderabad (India), London (UK), and Plano (Texas), Covasant delivers scalable, autonomous solutions that intelligently orchestrate business processes and generate actionable insights for industries, such as banking, financial services, healthcare, manufacturing, and media and communications.

Media Contact:
Rohit Gupta: +91 7259253400