IT Services and Consulting Corporation
Appears in 3 stories · Last updated Nov 7, 2026
Acquirer
Cognizant closed its purchase of Wizeline on November 6, adding an AI-focused product engineering firm with about 2,000 employees and clients in media, financial services, and health care. The companies did not disclose the price.
Updated 4 days ago
Major H-1B user; sued in Disney case
The wage-weighted H-1B selection rule took effect February 27, 2026, replacing the random lottery. The first registration period under it ran March 4–19. Under the new system, a worker offered a Level IV wage (the top tier) gets four entries in the selection pool; a Level I worker gets one. The rule was designed to curb the duplicate-registration fraud that inflated FY 2024 submissions to 758,994 for 85,000 slots.
Updated Oct 16
As of May 2026: Stock declined 6.6% on February 23; exposed to legacy modernization disruption
An estimated 220 billion lines of COBOL code still run in production every day, processing 95% of ATM transactions and roughly $3 trillion in daily commerce. For decades, understanding and modernizing that code has required large teams of specialized consultants working for months or years. On February 23, Anthropic published a playbook showing how Claude Code can automate these labor-intensive tasks—mapping dependencies, documenting workflows, identifying risks across thousands of files.
Updated May 29
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