Savvis, a CenturyLink company and global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that Cognizant, a leading provider of information technology, consulting and business process outsourcing services, has selected Savvis cloud and data center services to further expand its capabilities to deliver cloud-based solutions.
Cognizant will combine Savvis' services with its market-leading remote infrastructure management, application, consulting and business process services to help its clients drive business transformation, and improve cost and operational efficiencies. Cognizant will use a combination of data center services and a private version of Savvis Symphony Virtual Private Data Center (VPDC), an enterprise-class cloud computing solution.
"Through this strategic agreement, Cognizant will be able to offer exceptional value to clients by pairing our unmatched enterprise-class cloud services with its own significant and established business solutions," said Bill Fathers, president of Savvis. "Cognizant's offering will span processes, systems and infrastructure, delivering business agility and value to its clients. We're excited to work with a best-in-class company like Cognizant on delivering fully integrated, global and market-leading solutions."
"We selected Savvis because of its proven, industry-leading enterprise-class cloud and data center services," said Robert J. Boles Jr., senior vice president of Cognizant's IT Infrastructure Services practice. "By combining Savvis' services with Cognizant's infrastructure services, we will be able to offer full-scale IT outsourcing solutions that transform our clients' existing IT infrastructure into a more flexible, agile and cost-effective utility computing environment."
Cognizant's private-label cloud and data center services will be delivered from Savvis' facilities in Washington, D.C., and London.
About Savvis
Savvis, a CenturyLink company, is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including more than 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing.
About CenturyLink
CenturyLink is the third largest telecommunications company in the United States. The company provides broadband, voice, wireless and managed services to consumers and businesses across the country. It also offers advanced entertainment services under the CenturyLink(TM) Prism(TM) TV and DIRECTV brands. In addition, the company provides data, voice and managed services to enterprise, government and wholesale customers in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers. CenturyLink is recognized as a leader in the network services market by key technology industry analyst firms, and is a global leader in cloud infrastructure and hosted IT solutions for enterprises through Savvis, a CenturyLink company. CenturyLink's customers range from Fortune 500 companies in some of the country's largest cities to families living in rural America. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations.
For more information, visit: www.savvis.com or www.centurylink.com.
About Cognizant
Cognizant CTSH +0.74% is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
Showing posts with label Cognizant. Show all posts
Showing posts with label Cognizant. Show all posts
Thursday, April 12, 2012
Thursday, March 22, 2012
Cognizant Opens New Development Center in Singapore
Cognizant, a leading provider of information technology, consulting, and business process outsourcing services, today expanded its presence in Singapore with the opening of a new development center. The center was inaugurated by Yeoh Keat Chuan, Assistant Managing Director of the Singapore Economic Development Board, with Louis Mazel, Deputy Chief of Mission at the United States Embassy in the Republic of Singapore, as the guest of honor.
The 30,000-sq.ft. development center located within the Changi Business Park will accommodate approximately 370 professionals and will enhance Cognizant's existing operations in Singapore, which include regional leadership and operational support services for Cognizant's businesses in the Asia-Pacific region. Cognizant services a variety of key industries out of Singapore, including Banking, Insurance, Life Sciences, Manufacturing, Retail and Logistics, Consumer Goods, and Hospitality.
The Singapore development center will leverage the rich talent pool available in Singapore, and will scale up to provide a range of services that help clients drive both efficiency and effectiveness of operations as well as business transformation. As is standard for Cognizant's global development centers, the Singapore center will leverage Cognizant 2.0, a Web 2.0-based platform that enables Cognizant associates worldwide to virtually collaborate and deliver significant time-to-market, cost, and transformational value to clients.
"We warmly welcome Cognizant's decision to establish its development center here," said Yeoh Keat Chuan, Assistant Managing Director of the Singapore Economic Development Board. "The Singapore IT services sector employs over 30,000 people today. We are pleased that Cognizant will add a significant number of good jobs to the sector through this new center. We look forward to working with Cognizant to develop and pilot new technologies in Singapore."
"I congratulate Cognizant on the inauguration of its first development center in Singapore," said Louis Mazel, Deputy Chief of Mission at the United States Embassy in the Republic of Singapore. "Cognizant has built strong credentials in Singapore in a short period of time. With the Asia-Pacific region gaining prominence within the global economy, Singapore has become an ever more important business destination. Cognizant's expanded presence in Singapore will help the Consulting, IT, and BPO industry in Singapore increase its competitiveness and define newer benchmarks."
"We started operations in Singapore in 2005 and have steadily grown our presence and investment in the city-state," said R. Chandrasekaran, Group Chief Executive, Technology and Operations, Cognizant. "Our Singapore center will continue to strengthen our integrated global delivery capabilities, as our investments in new global, regional, and local delivery centers help our clients harness specialized talent globally to meet their requirements and risk preferences, as well as provide business continuity. We are committed to investing in the growth of our Singapore operations and to working closely with the academic community in Singapore to develop talent across our full range of services."
"Our experience in Singapore has been excellent," said Prakash Hemdev, Vice President and Head of Cognizant's ASEAN operations. "With the support of an outstanding university system and local talent pool, our Singapore center will continue to attract technology and business professionals with deep domain expertise. We plan to develop the new facility into a state-of-the-art incubation center for newer technologies and business opportunities, such as mobility and enterprise analytics. The Asia Pacific region is seeing significant adoption of these technologies and defining best practices for corporations globally."
About Cognizant
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
The 30,000-sq.ft. development center located within the Changi Business Park will accommodate approximately 370 professionals and will enhance Cognizant's existing operations in Singapore, which include regional leadership and operational support services for Cognizant's businesses in the Asia-Pacific region. Cognizant services a variety of key industries out of Singapore, including Banking, Insurance, Life Sciences, Manufacturing, Retail and Logistics, Consumer Goods, and Hospitality.
The Singapore development center will leverage the rich talent pool available in Singapore, and will scale up to provide a range of services that help clients drive both efficiency and effectiveness of operations as well as business transformation. As is standard for Cognizant's global development centers, the Singapore center will leverage Cognizant 2.0, a Web 2.0-based platform that enables Cognizant associates worldwide to virtually collaborate and deliver significant time-to-market, cost, and transformational value to clients.
"We warmly welcome Cognizant's decision to establish its development center here," said Yeoh Keat Chuan, Assistant Managing Director of the Singapore Economic Development Board. "The Singapore IT services sector employs over 30,000 people today. We are pleased that Cognizant will add a significant number of good jobs to the sector through this new center. We look forward to working with Cognizant to develop and pilot new technologies in Singapore."
"I congratulate Cognizant on the inauguration of its first development center in Singapore," said Louis Mazel, Deputy Chief of Mission at the United States Embassy in the Republic of Singapore. "Cognizant has built strong credentials in Singapore in a short period of time. With the Asia-Pacific region gaining prominence within the global economy, Singapore has become an ever more important business destination. Cognizant's expanded presence in Singapore will help the Consulting, IT, and BPO industry in Singapore increase its competitiveness and define newer benchmarks."
"We started operations in Singapore in 2005 and have steadily grown our presence and investment in the city-state," said R. Chandrasekaran, Group Chief Executive, Technology and Operations, Cognizant. "Our Singapore center will continue to strengthen our integrated global delivery capabilities, as our investments in new global, regional, and local delivery centers help our clients harness specialized talent globally to meet their requirements and risk preferences, as well as provide business continuity. We are committed to investing in the growth of our Singapore operations and to working closely with the academic community in Singapore to develop talent across our full range of services."
"Our experience in Singapore has been excellent," said Prakash Hemdev, Vice President and Head of Cognizant's ASEAN operations. "With the support of an outstanding university system and local talent pool, our Singapore center will continue to attract technology and business professionals with deep domain expertise. We plan to develop the new facility into a state-of-the-art incubation center for newer technologies and business opportunities, such as mobility and enterprise analytics. The Asia Pacific region is seeing significant adoption of these technologies and defining best practices for corporations globally."
About Cognizant
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
Wednesday, February 22, 2012
Cognizant Deploys a Comprehensive Hospital Performance Management Solution at Hunterdon Healthcare
Cognizant, a leading provider of information technology, consulting, and business process outsourcing services, today announced that it has deployed a comprehensive Hospital Performance Management (HPM) solution at Hunterdon Healthcare, a non-profit health care organization.
The HPM solution leverages InterSystems DeepSee™ embedded real-time analytics technology to enable a seamless flow of information from multiple administrative, financial, and clinical IT systems and data repositories used by Hunterdon. The HPM solution delivers real-time business analytics and decision support to help Hunterdon improve safety and quality of care delivery, enhance operational efficiencies, and optimize resource utilization and hospital throughput. It also enables Hunterdon to systematically measure, track, and analyze key performance indicators (KPIs), rapidly analyze data, and identify trends and new business opportunities.
“Our technology environment includes a range of applications from multiple vendors,” said Glenn Mamary, Vice President and CIO at Hunterdon Healthcare. “The HPM solution developed by Cognizant using InterSystems DeepSee™ provides accurate, complete information on KPIs in real-time, effectively addressing our need for smooth integration to support connected care. The solution leverages our existing investment in InterSystems CACHE® database system and Ensemble® rapid development and integration platform to unlock the knowledge hidden in silos of data throughout the organization, and allows us to use interactive dashboards to monitor real-time data with complete transparency.”
“Hunterdon has been a leader for years in using the best IT capabilities available to enable cost-effective, quality care delivery to its patients,” said Paul Grabscheid, Vice President of Strategic Planning at InterSystems. “The DeepSee-based HPM rollout across the Hunterdon enterprise is the latest example of how our advanced technology can be leveraged to create a more connected healthcare system.”
“We are committed to helping Hunterdon leverage actionable intelligence about patient safety and satisfaction, outcome patterns, and financial performance into timely and informed strategic decisions,” said Krish Venkat, Executive Vice President and Global Leader of Cognizant’s Healthcare practice. “The HPM solution enables Hunterdon to combine the power of data analytics, real-time online processing, and reporting services to systematically measure, track, and share performance indicators, and correlate data among those indicators across the organization. The customized, interactive dashboards, reports, KPIs, and visualizations delivered by the solution help Hunterdon monitor performance goals, enhance regulatory compliance, optimize supply chain processes, and gain foresight into potential business and clinical issues.”
About Hunterdon Healthcare System
Hunterdon Healthcare System is a non-profit health care organization in Flemington, New Jersey that has partnered with the Hunterdon Physician Practice Association to form Hunterdon Healthcare Partners LLC, an integrated delivery network dedicated to enhancing patient care. This Partnership was created with the goal of providing the residents of Hunterdon County and the surrounding area access to integrated health care. Hunterdon Healthcare System is the parent of the Hunterdon Medical Center, a 178-bed facility that provides comprehensive medical, diagnostic, surgical, behavioral health, rehabilitative, and preventive health services for inpatients and outpatients. For more information, go to www.hunterdonhealthcare.org.
About InterSystems
InterSystems Corporation is a worldwide leader in breakthrough solutions for connected care with headquarters in Cambridge, Massachusetts, and offices in 23 countries. InterSystems DeepSee™ is software that makes it possible to embed real-time analytics capabilities in transactional applications. InterSystems CACHE® is the most widely used database system in clinical applications. InterSystems Ensemble® is a platform for rapid integration and the development of connectable applications. InterSystems HealthShare™ is a strategic platform for healthcare informatics, and the creation of an Electronic Health Record on a regional or national scale. InterSystems’ products are used by thousands of hospitals and labs worldwide, including all 17 hospitals on the Honor Roll of America’s Best Hospitals as rated by U.S. News and World Report. For more information, visit InterSystems.com and youtube.com/InterSystemsCorp. And, please join the InterSystems community at facebook.com/InterSystems or @InterSystems on Twitter.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
The HPM solution leverages InterSystems DeepSee™ embedded real-time analytics technology to enable a seamless flow of information from multiple administrative, financial, and clinical IT systems and data repositories used by Hunterdon. The HPM solution delivers real-time business analytics and decision support to help Hunterdon improve safety and quality of care delivery, enhance operational efficiencies, and optimize resource utilization and hospital throughput. It also enables Hunterdon to systematically measure, track, and analyze key performance indicators (KPIs), rapidly analyze data, and identify trends and new business opportunities.
“Our technology environment includes a range of applications from multiple vendors,” said Glenn Mamary, Vice President and CIO at Hunterdon Healthcare. “The HPM solution developed by Cognizant using InterSystems DeepSee™ provides accurate, complete information on KPIs in real-time, effectively addressing our need for smooth integration to support connected care. The solution leverages our existing investment in InterSystems CACHE® database system and Ensemble® rapid development and integration platform to unlock the knowledge hidden in silos of data throughout the organization, and allows us to use interactive dashboards to monitor real-time data with complete transparency.”
“Hunterdon has been a leader for years in using the best IT capabilities available to enable cost-effective, quality care delivery to its patients,” said Paul Grabscheid, Vice President of Strategic Planning at InterSystems. “The DeepSee-based HPM rollout across the Hunterdon enterprise is the latest example of how our advanced technology can be leveraged to create a more connected healthcare system.”
“We are committed to helping Hunterdon leverage actionable intelligence about patient safety and satisfaction, outcome patterns, and financial performance into timely and informed strategic decisions,” said Krish Venkat, Executive Vice President and Global Leader of Cognizant’s Healthcare practice. “The HPM solution enables Hunterdon to combine the power of data analytics, real-time online processing, and reporting services to systematically measure, track, and share performance indicators, and correlate data among those indicators across the organization. The customized, interactive dashboards, reports, KPIs, and visualizations delivered by the solution help Hunterdon monitor performance goals, enhance regulatory compliance, optimize supply chain processes, and gain foresight into potential business and clinical issues.”
About Hunterdon Healthcare System
Hunterdon Healthcare System is a non-profit health care organization in Flemington, New Jersey that has partnered with the Hunterdon Physician Practice Association to form Hunterdon Healthcare Partners LLC, an integrated delivery network dedicated to enhancing patient care. This Partnership was created with the goal of providing the residents of Hunterdon County and the surrounding area access to integrated health care. Hunterdon Healthcare System is the parent of the Hunterdon Medical Center, a 178-bed facility that provides comprehensive medical, diagnostic, surgical, behavioral health, rehabilitative, and preventive health services for inpatients and outpatients. For more information, go to www.hunterdonhealthcare.org.
About InterSystems
InterSystems Corporation is a worldwide leader in breakthrough solutions for connected care with headquarters in Cambridge, Massachusetts, and offices in 23 countries. InterSystems DeepSee™ is software that makes it possible to embed real-time analytics capabilities in transactional applications. InterSystems CACHE® is the most widely used database system in clinical applications. InterSystems Ensemble® is a platform for rapid integration and the development of connectable applications. InterSystems HealthShare™ is a strategic platform for healthcare informatics, and the creation of an Electronic Health Record on a regional or national scale. InterSystems’ products are used by thousands of hospitals and labs worldwide, including all 17 hospitals on the Honor Roll of America’s Best Hospitals as rated by U.S. News and World Report. For more information, visit InterSystems.com and youtube.com/InterSystemsCorp. And, please join the InterSystems community at facebook.com/InterSystems or @InterSystems on Twitter.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
Thursday, February 9, 2012
Cognizant Broadens Executive Management Team
Cognizant Technology Solutions Corporation, a leading provider of information technology, consulting, and business process outsourcing services, today announced the expansion of its executive management team to support the ongoing growth of the business.
The following promotions have been approved by Cognizant's Board of Directors and are effective immediately:
Cognizant's expanded management team consists of seasoned technology industry veterans with significant experience within Cognizant.
Mr. Coburn joined Cognizant in 1996, served as Chief Financial Officer since 1998 and as Chief Financial and Operating Officer since 2007. In his new role, Mr. Coburn will manage Cognizant's overall P&L. Mr. Coburn has a Bachelor's degree from Wesleyan University and an MBA from the Tuck School at Dartmouth College.
Mr. Mehta joined Cognizant in 1997 and has played a number of roles building and leading its client facing organization, most recently serving as Chief Operating Officer, Global Client Services. In his new role, Mr. Mehta is responsible for leading Cognizant's industry vertical and geographic market operations on a global basis. Mr. Mehta has a Bachelor's degree from the University of Maryland and an MBA from Carnegie Mellon University.
Mr. Sekaran joined Cognizant in 1994 and has played various leadership roles in growing the Company's global delivery organization, spearheading new solutions, and championing process improvements, most recently as President and Managing Director, Global Delivery. In his new role, Mr. Sekaran leads our solutions and delivery teams world-wide. Mr. Sekaran has a Bachelor's degree from the National Institute of Technology and an MBA from the Indian Institute of Management.
Ms. McLoughlin joined Cognizant in 2003 and most recently served as Senior Vice President of Finance and Enterprise Transformation. She led the development of Cognizant's Financial Planning & Analysis capability and has driven various business optimization programs through Cognizant's Enterprise Transformation Group. In her new role as CFO, Ms. McLoughlin will oversee all aspects of Cognizant's Finance and Accounting operations. Ms. McLoughlin has a Bachelor's degree from Wellesley College and an MBA from Columbia University.
Mr. Frank joined Cognizant in 2005 as head of Strategy and Marketing and, in this capacity, he directs all aspects of Cognizant's strategy and brand. His responsibilities have included industry and media relations, corporate communications, and field and corporate marketing. Most recently, he played an integral role in developing Cognizant's 2015 Strategy and externalizing that strategy through the company's "Future of Work" messaging. Mr. Frank has a Bachelor's degree from Yale University.
About Cognizant
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
The following promotions have been approved by Cognizant's Board of Directors and are effective immediately:
- Gordon Coburn has been promoted to President
- Rajeev Mehta has been promoted to Group Chief Executive – Industries and Markets
- Chandra Sekaran has been promoted to Group Chief Executive – Technology and Operations
- Karen McLoughlin has been promoted to Chief Financial Officer
- Malcolm Frank has been promoted to Executive Vice President, Strategy and Marketing
Cognizant's expanded management team consists of seasoned technology industry veterans with significant experience within Cognizant.
Mr. Coburn joined Cognizant in 1996, served as Chief Financial Officer since 1998 and as Chief Financial and Operating Officer since 2007. In his new role, Mr. Coburn will manage Cognizant's overall P&L. Mr. Coburn has a Bachelor's degree from Wesleyan University and an MBA from the Tuck School at Dartmouth College.
Mr. Mehta joined Cognizant in 1997 and has played a number of roles building and leading its client facing organization, most recently serving as Chief Operating Officer, Global Client Services. In his new role, Mr. Mehta is responsible for leading Cognizant's industry vertical and geographic market operations on a global basis. Mr. Mehta has a Bachelor's degree from the University of Maryland and an MBA from Carnegie Mellon University.
Mr. Sekaran joined Cognizant in 1994 and has played various leadership roles in growing the Company's global delivery organization, spearheading new solutions, and championing process improvements, most recently as President and Managing Director, Global Delivery. In his new role, Mr. Sekaran leads our solutions and delivery teams world-wide. Mr. Sekaran has a Bachelor's degree from the National Institute of Technology and an MBA from the Indian Institute of Management.
Ms. McLoughlin joined Cognizant in 2003 and most recently served as Senior Vice President of Finance and Enterprise Transformation. She led the development of Cognizant's Financial Planning & Analysis capability and has driven various business optimization programs through Cognizant's Enterprise Transformation Group. In her new role as CFO, Ms. McLoughlin will oversee all aspects of Cognizant's Finance and Accounting operations. Ms. McLoughlin has a Bachelor's degree from Wellesley College and an MBA from Columbia University.
Mr. Frank joined Cognizant in 2005 as head of Strategy and Marketing and, in this capacity, he directs all aspects of Cognizant's strategy and brand. His responsibilities have included industry and media relations, corporate communications, and field and corporate marketing. Most recently, he played an integral role in developing Cognizant's 2015 Strategy and externalizing that strategy through the company's "Future of Work" messaging. Mr. Frank has a Bachelor's degree from Yale University.
About Cognizant
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
Thursday, November 24, 2011
Cognizant Deploys Merchandise Planning Platform for REDTAG Group
Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced the successful deployment of a comprehensive merchandise planning platform for the REDTAG Group, a Dubai-based chain of value fashion and home stores.
The platform will help REDTAG respond faster and more efficiently to the dynamic fashion retailing market by making better informed purchasing and pricing decisions based on detailed and executable merchandise plans. This will help REDTAG maximize sales, profits, and inventory productivity, while minimizing costs. By leveraging sophisticated analytical capabilities to deliver accurate forecasts linking market events and sales results, the platform will enable REDTAG to eliminate plan discrepancies, optimize inventories, reduce markdowns, and drive process consistency across its 77 value fashion and home stores.
Built using the Oracle Retail Merchandise Financial Planning application, the platform provides a flexible merchandise financial planning solution with which REDTAG can create strategic and detailed financial business plans and manage reconciliation and approval processes. Providing both pre-season and in-season planning, the Oracle Retail application supports retailers’ budgeting and open-to-buy or re-forecasting processes, and will help REDTAG achieve the ideal product mix, and match demand and supply more accurately to deliver on customer expectations.
“The merchandise planning platform forms an important part of our efforts to adopt industry-leading solutions, technologies, and best practices that support and extend our business vision and strategy,” said Ernest. J. Hosking, CEO of the REDTAG Group. “We selected Cognizant for its consulting-led and innovative solutions approach, deep expertise of the global retail industry, and extensive analytics, program management, and product implementation capabilities. As we expand our geographical footprint, this platform will foster rapid decision-making aligned closely with our aggressive growth targets, enhance operational agility in a highly competitive and fast-moving market, optimize capital and operational costs, and scale easily to effectively meet customer needs.”
“We are pleased to have successfully deployed an advanced planning platform for REDTAG to create informed estimates of future business opportunities, infuse inventory movement decisions with customer insight, and realize optimal returns on inventory investment,” said R. Chandrasekaran, President and Managing Director for Global Delivery at Cognizant. “We have combined our deep experience of developing business-aligned retail solutions for the world’s top retailers, and our extensive knowledge of Oracle solution frameworks to deliver a platform that will support REDTAG’s business strategies, enable competitive advantage, and help the company offer a more enjoyable shopping experience and an even stronger value proposition to its customers.”
Cognizant is a Platinum level member in Oracle PartnerNetwork (OPN).
About REDTAG Group
REDTAG is a refreshing concept in today’s retail scenario. It is a chain of value fashion and home stores that offer a world of choice and an enjoyable shopping experience at unbeatable value. With 365 days of value, REDTAG stores launched in 2006 are now a big hit with families that look forward to the latest in fashion and style along with a truly enjoyable shopping experience. The pricing of the products, the stringent quality assurance, the availability of customer favorites, wide variety and choice, personal preferences in sizes, shapes and colors…everything makes REDTAG the first choice for value-conscious customers across the GCC. The REDTAG Group is part of BMA International, which has achieved important milestones in retail, fashion, and lifestyle over the last three decades. BMA is also the holding company for Retail Arabia which operates hypermarkets, supermarkets, convenience stores, and malls.
The REDTAG Group, currently with 77 fashion and lifestyle stores across the GCC, has been growing at a rate of 20 per cent annually. The REDTAG Group has two main areas of operation—the newly launched REDTAG value fashion and home stores, which is poised for a quantum leap in the retail world, and Discount Fashion and Home Stores, which is a collection of well-known regional brands. The growth of the REDTAG Group is concentrated around the REDTAG brand. The discount fashion and home stores currently under various brand names will be upgraded into the REDTAG brand within the next three years. This, coupled with an ambitious plan to open at least 12 new REDTAG stores per year in malls as well as high streets, will see the REDTAG brand become a leader in the value fashion and lifestyle market. For more information please visit: http://www.redtag.ae.
About Cognizant’s Retail Practice
Cognizant’s Retail practice, which works with 12 of the top 30 global retailers, leverages its deep domain, consulting, and enterprise architecture expertise to deliver competitive advantage to supermarkets, department stores, specialty premium retailers, and large mass-merchandise discounters across the grocery, general merchandise, apparel, home and office, and consumer electronics segments. The practice provides comprehensive business solutions in the areas of supply chain, merchandising, stores, e-commerce, and retail analytics to enable retailers to transform their businesses, drive innovation, and cater to the rapidly changing shopping needs, preferences, and methods of retail customers. The practice is enabling retailers to embrace the future of shopping with innovative platforms such as IntelliPeak™, which helps manage peak/holiday season sales, and IntelliStore™, which leverages technologies around mobility, cloud, social media, and analytics to deliver a superior in-store customer experience.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and 130,000 employees as of September 30, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
The platform will help REDTAG respond faster and more efficiently to the dynamic fashion retailing market by making better informed purchasing and pricing decisions based on detailed and executable merchandise plans. This will help REDTAG maximize sales, profits, and inventory productivity, while minimizing costs. By leveraging sophisticated analytical capabilities to deliver accurate forecasts linking market events and sales results, the platform will enable REDTAG to eliminate plan discrepancies, optimize inventories, reduce markdowns, and drive process consistency across its 77 value fashion and home stores.
Built using the Oracle Retail Merchandise Financial Planning application, the platform provides a flexible merchandise financial planning solution with which REDTAG can create strategic and detailed financial business plans and manage reconciliation and approval processes. Providing both pre-season and in-season planning, the Oracle Retail application supports retailers’ budgeting and open-to-buy or re-forecasting processes, and will help REDTAG achieve the ideal product mix, and match demand and supply more accurately to deliver on customer expectations.
“The merchandise planning platform forms an important part of our efforts to adopt industry-leading solutions, technologies, and best practices that support and extend our business vision and strategy,” said Ernest. J. Hosking, CEO of the REDTAG Group. “We selected Cognizant for its consulting-led and innovative solutions approach, deep expertise of the global retail industry, and extensive analytics, program management, and product implementation capabilities. As we expand our geographical footprint, this platform will foster rapid decision-making aligned closely with our aggressive growth targets, enhance operational agility in a highly competitive and fast-moving market, optimize capital and operational costs, and scale easily to effectively meet customer needs.”
“We are pleased to have successfully deployed an advanced planning platform for REDTAG to create informed estimates of future business opportunities, infuse inventory movement decisions with customer insight, and realize optimal returns on inventory investment,” said R. Chandrasekaran, President and Managing Director for Global Delivery at Cognizant. “We have combined our deep experience of developing business-aligned retail solutions for the world’s top retailers, and our extensive knowledge of Oracle solution frameworks to deliver a platform that will support REDTAG’s business strategies, enable competitive advantage, and help the company offer a more enjoyable shopping experience and an even stronger value proposition to its customers.”
Cognizant is a Platinum level member in Oracle PartnerNetwork (OPN).
About REDTAG Group
REDTAG is a refreshing concept in today’s retail scenario. It is a chain of value fashion and home stores that offer a world of choice and an enjoyable shopping experience at unbeatable value. With 365 days of value, REDTAG stores launched in 2006 are now a big hit with families that look forward to the latest in fashion and style along with a truly enjoyable shopping experience. The pricing of the products, the stringent quality assurance, the availability of customer favorites, wide variety and choice, personal preferences in sizes, shapes and colors…everything makes REDTAG the first choice for value-conscious customers across the GCC. The REDTAG Group is part of BMA International, which has achieved important milestones in retail, fashion, and lifestyle over the last three decades. BMA is also the holding company for Retail Arabia which operates hypermarkets, supermarkets, convenience stores, and malls.
The REDTAG Group, currently with 77 fashion and lifestyle stores across the GCC, has been growing at a rate of 20 per cent annually. The REDTAG Group has two main areas of operation—the newly launched REDTAG value fashion and home stores, which is poised for a quantum leap in the retail world, and Discount Fashion and Home Stores, which is a collection of well-known regional brands. The growth of the REDTAG Group is concentrated around the REDTAG brand. The discount fashion and home stores currently under various brand names will be upgraded into the REDTAG brand within the next three years. This, coupled with an ambitious plan to open at least 12 new REDTAG stores per year in malls as well as high streets, will see the REDTAG brand become a leader in the value fashion and lifestyle market. For more information please visit: http://www.redtag.ae.
About Cognizant’s Retail Practice
Cognizant’s Retail practice, which works with 12 of the top 30 global retailers, leverages its deep domain, consulting, and enterprise architecture expertise to deliver competitive advantage to supermarkets, department stores, specialty premium retailers, and large mass-merchandise discounters across the grocery, general merchandise, apparel, home and office, and consumer electronics segments. The practice provides comprehensive business solutions in the areas of supply chain, merchandising, stores, e-commerce, and retail analytics to enable retailers to transform their businesses, drive innovation, and cater to the rapidly changing shopping needs, preferences, and methods of retail customers. The practice is enabling retailers to embrace the future of shopping with innovative platforms such as IntelliPeak™, which helps manage peak/holiday season sales, and IntelliStore™, which leverages technologies around mobility, cloud, social media, and analytics to deliver a superior in-store customer experience.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and 130,000 employees as of September 30, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
Friday, October 30, 2009
CliniComp, eWebHealth, Caritas Christi Health Care, and Cognizant Business Consulting to Participate on Electronic Health Records Panel at Fall Health
The Institute for Health Technology Transformation announced today the speakers for their Electronic Health Records panel, which will be providing an overview of the current understanding of the EHR opportunities presented by the ARRA.
The panel will be moderated by Judy Hanover, Research Manager, IDC Health Insights, and speaking will be George Abatjoglou, CEO, eWebHealth Inc; Todd Rothenhaus, MD, SVP & Chief Information Officer, Caritas Christi Health Care; Ellen Van Buskirk, Principal, Cognizant Business Consulting; and Alan Portela, President, CliniComp, Intl.
Their presentation entitled, "Meaningful Use and Meaningful Results from Electronic Health Records," will discuss the meaningful use and the concerns surrounding EHR selection, implementation, and adoption with panelists from the vendor and provider community. "It is critical that U.S. providers making EHR investments and implementations under ARRA deadlines leverage the learnings and best practices among existing early adopters in the industry," said Judy Hanover. "U.S. providers clearly cannot afford a second chance to acquire and leverage EHR capabilities."
Judy Hanover, who will serve as moderator, has a background in healthcare informatics, and experience working with managed care, provider and clinical applications. The technologies she covers include Electronic Health Records, Electronic Medical Records, Hospital Information Systems, Practice Management Systems, Revenue Cycle Management Systems, Disease and Case Management, and more.
George Abatjoglou is responsible for the overall leadership of eWebHealth, overseeing customer sales and service activities, strategic product planning and marketing, product development, support, and implementation services as well as finance and administration.
Dr. Todd Rothenhaus is currently the Senior Vice President and Chief Information Officer of Caritas Christi Health Care, the second largest health system in Massachusetts. Dr. Rothenhaus oversees a staff of nearly 200 dedicated IT professionals charged with executing Caritas' three-year, $70 million, information technology strategic plan to automate and advance the care patients treated in Caritas' communities.
Ellen Van Buskirk has over thirty plus years of experience in the healthcare industry, with over twenty years in strategy, business process and management consulting across the healthcare ecosystem. This includes significant experience with medical management, claims management, provider/network management, and member services.
Alan Portela, has more than twenty years of leadership experience in IT as a strategic advisor for both prestigious medical centers and top-tier healthcare companies. As president, he is responsible for defining and managing the company's operating plan and ensuring the effective and timely allocation of all company resources to support client needs and achieve overall business goals.
The Summit's attendees include CEO's, CIO's, CMIO's, VP's, Directors, and more from rural hospitals, health systems, single-family hospitals, IDNS', and other health care providers.
Sponsors for the Fall Health IT Summit include CliniComp, Microsoft, Verizon Wireless, WiSpots, CynergisTek, Claremont University, KeyInfo, Sensiotec, TabletKiosk, PlanNet, Computational Diagnostics Inc., My Medical Records, Smarsh, eWebhealth, vLounge Video, CareFusion, Cognizant, Aerohive Networks, and Bear Data.
The Fall Health IT Summit is designed to help top-level executives, legislators, physicians, regulators and technologists come to grips with the swirling forces of health information technology change, policy development and changing business models. The Fall Health IT Summit provides an intimate, high-level forum that facilitates open avenues of communication amongst executives and stakeholders in healthcare fostering the growth and adoption of HIT resulting in safer, more efficient and cost effective healthcare.
About the Institute for Health Technology Transformation
The Institute for Health Technology Transformation is the leading organization committed to bringing together private and public sector leaders fostering the growth and meaningful use of technology across the healthcare industry. Through collaborative efforts the Institute provides programs that drive innovation, educate, and provide a critical understanding of how technology applications, solutions and devices can improve the quality, safety and efficiency of healthcare.
The panel will be moderated by Judy Hanover, Research Manager, IDC Health Insights, and speaking will be George Abatjoglou, CEO, eWebHealth Inc; Todd Rothenhaus, MD, SVP & Chief Information Officer, Caritas Christi Health Care; Ellen Van Buskirk, Principal, Cognizant Business Consulting; and Alan Portela, President, CliniComp, Intl.
Their presentation entitled, "Meaningful Use and Meaningful Results from Electronic Health Records," will discuss the meaningful use and the concerns surrounding EHR selection, implementation, and adoption with panelists from the vendor and provider community. "It is critical that U.S. providers making EHR investments and implementations under ARRA deadlines leverage the learnings and best practices among existing early adopters in the industry," said Judy Hanover. "U.S. providers clearly cannot afford a second chance to acquire and leverage EHR capabilities."
Judy Hanover, who will serve as moderator, has a background in healthcare informatics, and experience working with managed care, provider and clinical applications. The technologies she covers include Electronic Health Records, Electronic Medical Records, Hospital Information Systems, Practice Management Systems, Revenue Cycle Management Systems, Disease and Case Management, and more.
George Abatjoglou is responsible for the overall leadership of eWebHealth, overseeing customer sales and service activities, strategic product planning and marketing, product development, support, and implementation services as well as finance and administration.
Dr. Todd Rothenhaus is currently the Senior Vice President and Chief Information Officer of Caritas Christi Health Care, the second largest health system in Massachusetts. Dr. Rothenhaus oversees a staff of nearly 200 dedicated IT professionals charged with executing Caritas' three-year, $70 million, information technology strategic plan to automate and advance the care patients treated in Caritas' communities.
Ellen Van Buskirk has over thirty plus years of experience in the healthcare industry, with over twenty years in strategy, business process and management consulting across the healthcare ecosystem. This includes significant experience with medical management, claims management, provider/network management, and member services.
Alan Portela, has more than twenty years of leadership experience in IT as a strategic advisor for both prestigious medical centers and top-tier healthcare companies. As president, he is responsible for defining and managing the company's operating plan and ensuring the effective and timely allocation of all company resources to support client needs and achieve overall business goals.
The Summit's attendees include CEO's, CIO's, CMIO's, VP's, Directors, and more from rural hospitals, health systems, single-family hospitals, IDNS', and other health care providers.
Sponsors for the Fall Health IT Summit include CliniComp, Microsoft, Verizon Wireless, WiSpots, CynergisTek, Claremont University, KeyInfo, Sensiotec, TabletKiosk, PlanNet, Computational Diagnostics Inc., My Medical Records, Smarsh, eWebhealth, vLounge Video, CareFusion, Cognizant, Aerohive Networks, and Bear Data.
The Fall Health IT Summit is designed to help top-level executives, legislators, physicians, regulators and technologists come to grips with the swirling forces of health information technology change, policy development and changing business models. The Fall Health IT Summit provides an intimate, high-level forum that facilitates open avenues of communication amongst executives and stakeholders in healthcare fostering the growth and adoption of HIT resulting in safer, more efficient and cost effective healthcare.
About the Institute for Health Technology Transformation
The Institute for Health Technology Transformation is the leading organization committed to bringing together private and public sector leaders fostering the growth and meaningful use of technology across the healthcare industry. Through collaborative efforts the Institute provides programs that drive innovation, educate, and provide a critical understanding of how technology applications, solutions and devices can improve the quality, safety and efficiency of healthcare.
Friday, October 16, 2009
Cognizant to Acquire UBS India Service Centre
Cognizant Technology Solutions Corporation, a US-based information technology (IT) consulting services company, has signed a definitive agreement to acquire UBS India Service Centre Private Limited (UBSISC) from UBS AG.
UBSISC is an India-based provider of information technology services, while UBS is a Switzerland-based financial services company.
As part of the transaction, UBS and Cognizant have entered into a multi-year services agreement under which Cognizant will provide a range of business process outsourcing (BPO), knowledge process outsourcing (KPO), IT and remote infrastructure management services to UBS divisions around the globe.
Rumor (September 18, 2009):
According to The Economic Times, UBS is planning to sell its units UBSISC and UBS Poland Service Centre. Cognizant is in advanced negotiations to acquire the units. The units are valued at approximately $100 million.
Reportedly, Genpact Limited is also in the race for the units.
Reportedly, Infosys Technologies Limited and Wipro Limited have pulled out of the bidding process due to differences over valuation.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Announced: 2009-10-15
Deal Participants
Target (Company) UBS India Service Centre Private Limited
Acquirer (Company) Cognizant Technology Solutions Corporation
Vendor (Company) UBS AG
Deal Rationale
The acquisition of UBSISC will enable Cognizant strengthen its business and knowledge process capabilities, deepen its financial services domain knowledge and enhance its capabilities to provide integrated services across consulting, technology and outsourcing.
UBSISC is an India-based provider of information technology services, while UBS is a Switzerland-based financial services company.
As part of the transaction, UBS and Cognizant have entered into a multi-year services agreement under which Cognizant will provide a range of business process outsourcing (BPO), knowledge process outsourcing (KPO), IT and remote infrastructure management services to UBS divisions around the globe.
Rumor (September 18, 2009):
According to The Economic Times, UBS is planning to sell its units UBSISC and UBS Poland Service Centre. Cognizant is in advanced negotiations to acquire the units. The units are valued at approximately $100 million.
Reportedly, Genpact Limited is also in the race for the units.
Reportedly, Infosys Technologies Limited and Wipro Limited have pulled out of the bidding process due to differences over valuation.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Announced: 2009-10-15
Deal Participants
Target (Company) UBS India Service Centre Private Limited
Acquirer (Company) Cognizant Technology Solutions Corporation
Vendor (Company) UBS AG
Deal Rationale
The acquisition of UBSISC will enable Cognizant strengthen its business and knowledge process capabilities, deepen its financial services domain knowledge and enhance its capabilities to provide integrated services across consulting, technology and outsourcing.
Friday, July 24, 2009
Independent Research Firm Names Cognizant an Emerging Challenger
Cognizant (Nasdaq: CTSH), a leading provider of consulting, technology, and business process outsourcing services, has been recognized as an emerging challenger in the technology-enabled business services market, according to a July 2009 Forrester Research, Inc. report entitled, "SWOT: The Evolution of IT Service Providers to Business Technology Competitors." The report states, "Cognizant's clear focus on vertical market expertise is helping it drive deeper into business processes in an attempt to move up the value chain."
According to the report, "For years, [leading companies in this market] have based their value propositions on the ability to provide comprehensive business solutions. While many IT service providers offer complete technology services, these [leading] firms distinguish themselves through their 'end-to-end' technology services and their proactive business-focused marketing approach. At the same time, these market leaders are facing new competition from companies like Cognizant that recognize that perhaps the best opportunity to create differentiation and value amid a new wave of global competition is through increased business alignment."
"Cognizant has emerged a global leader in business and IT services," said Francisco D'Souza, President and CEO, Cognizant. "We are gratified that Forrester cites our vertical industry depth and strong client relationships as our key competitive differentiators. Our continued investment in our Cognizant Business Consulting (CBC) practice, client relationships, and domain expertise, along with our strategy of focusing on providing industry-aligned business process outsourcing, are helping clients find opportunities to address both the cyclical challenges of the economic downturn and the structural challenges that their industries are facing."
"Through our business consulting practice, we are increasingly becoming trusted advisors to CXOs," said Mark Livingston, Senior Vice President, Cognizant Business Consulting. "We deliver a broad range of strategic consulting services aimed at reducing cost, improving operational efficiency, and driving globalization, innovation and business agility. By making our offerings deeper and more strategic to our clients' businesses, we are enabling true business transformation."
The Forrester report focuses on four leading providers of technology-enabled business services - including process consulting, transformation services, system integration, business process management, and business process outsourcing (BPO) - that are making technology more strategic for businesses and are receiving more attention from senior business executives. It explores factors related to each company's strategy, solutions, and go-to market approach.
To learn more about the Forrester report, "SWOT: The Evolution of IT Service Providers to Business Technology Competitors" by Chris Andrews, with Jonathan Penn, Pascal Matzke, and Edward Radcliffe, published July 2009, please visit www.forrester.com.
About Cognizant
Cognizant (Nasdaq: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With more than 50 global delivery centers and approximately 63,700 employees as of March 31, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.
According to the report, "For years, [leading companies in this market] have based their value propositions on the ability to provide comprehensive business solutions. While many IT service providers offer complete technology services, these [leading] firms distinguish themselves through their 'end-to-end' technology services and their proactive business-focused marketing approach. At the same time, these market leaders are facing new competition from companies like Cognizant that recognize that perhaps the best opportunity to create differentiation and value amid a new wave of global competition is through increased business alignment."
"Cognizant has emerged a global leader in business and IT services," said Francisco D'Souza, President and CEO, Cognizant. "We are gratified that Forrester cites our vertical industry depth and strong client relationships as our key competitive differentiators. Our continued investment in our Cognizant Business Consulting (CBC) practice, client relationships, and domain expertise, along with our strategy of focusing on providing industry-aligned business process outsourcing, are helping clients find opportunities to address both the cyclical challenges of the economic downturn and the structural challenges that their industries are facing."
"Through our business consulting practice, we are increasingly becoming trusted advisors to CXOs," said Mark Livingston, Senior Vice President, Cognizant Business Consulting. "We deliver a broad range of strategic consulting services aimed at reducing cost, improving operational efficiency, and driving globalization, innovation and business agility. By making our offerings deeper and more strategic to our clients' businesses, we are enabling true business transformation."
The Forrester report focuses on four leading providers of technology-enabled business services - including process consulting, transformation services, system integration, business process management, and business process outsourcing (BPO) - that are making technology more strategic for businesses and are receiving more attention from senior business executives. It explores factors related to each company's strategy, solutions, and go-to market approach.
To learn more about the Forrester report, "SWOT: The Evolution of IT Service Providers to Business Technology Competitors" by Chris Andrews, with Jonathan Penn, Pascal Matzke, and Edward Radcliffe, published July 2009, please visit www.forrester.com.
About Cognizant
Cognizant (Nasdaq: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With more than 50 global delivery centers and approximately 63,700 employees as of March 31, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.
Friday, July 17, 2009
Cognizant Announces a Global Product Research and Development Relationship with Invensys Operations Management
Cognizant (Nasdaq: CTSH), a leading provider of consulting, technology, and business process outsourcing services, today announced a global product research and development alliance with Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries.
As a part of this relationship, Cognizant has signed an initial five-year, multi-million dollar contract with Invensys Operations Management to augment and maintain Invensys' suite of products, and bring in greater operational efficiency, scalability, consistency and cost-effectiveness to its global product R&D processes. To realize this goal, offers to join Cognizant will be made to over 400 Invensys Operations Management professionals from its existing R&D center in Hyderabad.
This relationship will strengthen Cognizant's strong presence in the manufacturing industry and strengthen its ability to provide end-to-end services to its customers. It will enable Cognizant to further expand its customer base in discrete manufacturing, process manufacturing, energy and utilities, pharmaceutical, and consumer goods segments with services and offerings in Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM), and Enterprise Asset Management (EAM). These offerings will be supported through global engineering services in the areas of product design and development, industrial automation and control, and asset reliability engineering, leveraging Cognizant's proven global delivery model and presence around the world to provide localized and industry-specific skills.
"This relationship is significant," said Sudipta Bhattacharya, Chief Executive Officer and President, Invensys Operations Management. "The manufacturing technology market is at an inflection point as companies move to seamlessly stitch plant floor applications to enterprise applications to access and act on real-time manufacturing information. There is significant innovation happening at this intersection of the real-time manufacturing execution world and the transaction based enterprise world. In Cognizant we have found a partner who shares our vision around where the market is headed for the next generation of engineering services and manufacturing operations solutions, and brings synergistic product development and software engineering capabilities and leading edge tools like Cognizant 2.0 to realize this vision. We expect to be able to learn from the strengths each of us brings to the table."
"We are pleased to partner with Invensys Operations Management and welcome on board their highly talented and experienced professionals in Hyderabad," said Francisco D'Souza, President and CEO, Cognizant. "Cognizant is committed to working with Invensys Operations Management by leveraging these talented individuals, and we are confident we will significantly augment Invensys' ability to innovate and ramp up the delivery of products by blending that talent with our own world-class consulting, enterprise integration, services-based architecture, business intelligence, supply chain and product lifecycle management capabilities. This multi-dimensional relationship, along with the domain expertise that Invensys Operations Management provides, will help both companies solidify our leadership positions in the manufacturing space, expand our range of capabilities in engineering services, and jointly drive further growth in many of the verticals where we have, and will continue to demonstrate, thought leadership. We believe such collaborative innovation is the wave of the future and we are excited at the possibilities that will come about through this relationship."
About Invensys Operations Management
Invensys Operations Management, a division of Invensys, is a leading provider of automation and information technology, systems, software solutions, services and consulting to the global manufacturing and infrastructure industries. Headquartered in Plano, Texas, its solutions are used by more than 40,000 clients around the world in more than 200,000 plants and facilities and include control and measurement instrumentation, critical safety and distributed control systems, a wide range of real-time operations management software and professional services that help its clients design, operate and manage the safety, efficiency, productivity, sustainability and profitability of their assets.
Invensys clients are some of the world's most important industrial organizations -- large oil refineries; chemical, gas, LNG, power, pharmaceutical and mineral processors; food and beverage companies; metals and mining companies; water and wastewater facilities; and pulp and paper mills -- and its solutions deliver significant cost benefits associated with the secure, efficient operation of industrial plants and facilities.
Invensys Operations Management's offerings are delivered under several prominent industry brands, including Action Instruments, ArchestrA, Avantis, Barber-Colman, Chessell, Continental, Eurotherm, Foxboro, IMServ, InFusion, SimSci-Esscor, Triconex and Wonderware. The company's approximately 9,000 employees and its global partner ecosystem integrate these products and services to help clients collaborate across systems and enterprises in real time, extracting critical data to make faster, better decisions and synchronize their operations from the plant floor to the executive offices, aligning production goals with business objectives. To learn more about Invensys Operations Management, visit www.invensys.com.
Invensys plc (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 25,000 employees working in 60 countries.
About Cognizant
Cognizant (Nasdaq: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. Recognized by Fortune Magazine as one of the World's Most Admired Companies, Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise, and worldwide resources to working together with clients to make their businesses stronger. With more than 50 global delivery centers and approximately 63,700 employees as of March 31, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.
As a part of this relationship, Cognizant has signed an initial five-year, multi-million dollar contract with Invensys Operations Management to augment and maintain Invensys' suite of products, and bring in greater operational efficiency, scalability, consistency and cost-effectiveness to its global product R&D processes. To realize this goal, offers to join Cognizant will be made to over 400 Invensys Operations Management professionals from its existing R&D center in Hyderabad.
This relationship will strengthen Cognizant's strong presence in the manufacturing industry and strengthen its ability to provide end-to-end services to its customers. It will enable Cognizant to further expand its customer base in discrete manufacturing, process manufacturing, energy and utilities, pharmaceutical, and consumer goods segments with services and offerings in Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM), and Enterprise Asset Management (EAM). These offerings will be supported through global engineering services in the areas of product design and development, industrial automation and control, and asset reliability engineering, leveraging Cognizant's proven global delivery model and presence around the world to provide localized and industry-specific skills.
"This relationship is significant," said Sudipta Bhattacharya, Chief Executive Officer and President, Invensys Operations Management. "The manufacturing technology market is at an inflection point as companies move to seamlessly stitch plant floor applications to enterprise applications to access and act on real-time manufacturing information. There is significant innovation happening at this intersection of the real-time manufacturing execution world and the transaction based enterprise world. In Cognizant we have found a partner who shares our vision around where the market is headed for the next generation of engineering services and manufacturing operations solutions, and brings synergistic product development and software engineering capabilities and leading edge tools like Cognizant 2.0 to realize this vision. We expect to be able to learn from the strengths each of us brings to the table."
"We are pleased to partner with Invensys Operations Management and welcome on board their highly talented and experienced professionals in Hyderabad," said Francisco D'Souza, President and CEO, Cognizant. "Cognizant is committed to working with Invensys Operations Management by leveraging these talented individuals, and we are confident we will significantly augment Invensys' ability to innovate and ramp up the delivery of products by blending that talent with our own world-class consulting, enterprise integration, services-based architecture, business intelligence, supply chain and product lifecycle management capabilities. This multi-dimensional relationship, along with the domain expertise that Invensys Operations Management provides, will help both companies solidify our leadership positions in the manufacturing space, expand our range of capabilities in engineering services, and jointly drive further growth in many of the verticals where we have, and will continue to demonstrate, thought leadership. We believe such collaborative innovation is the wave of the future and we are excited at the possibilities that will come about through this relationship."
About Invensys Operations Management
Invensys Operations Management, a division of Invensys, is a leading provider of automation and information technology, systems, software solutions, services and consulting to the global manufacturing and infrastructure industries. Headquartered in Plano, Texas, its solutions are used by more than 40,000 clients around the world in more than 200,000 plants and facilities and include control and measurement instrumentation, critical safety and distributed control systems, a wide range of real-time operations management software and professional services that help its clients design, operate and manage the safety, efficiency, productivity, sustainability and profitability of their assets.
Invensys clients are some of the world's most important industrial organizations -- large oil refineries; chemical, gas, LNG, power, pharmaceutical and mineral processors; food and beverage companies; metals and mining companies; water and wastewater facilities; and pulp and paper mills -- and its solutions deliver significant cost benefits associated with the secure, efficient operation of industrial plants and facilities.
Invensys Operations Management's offerings are delivered under several prominent industry brands, including Action Instruments, ArchestrA, Avantis, Barber-Colman, Chessell, Continental, Eurotherm, Foxboro, IMServ, InFusion, SimSci-Esscor, Triconex and Wonderware. The company's approximately 9,000 employees and its global partner ecosystem integrate these products and services to help clients collaborate across systems and enterprises in real time, extracting critical data to make faster, better decisions and synchronize their operations from the plant floor to the executive offices, aligning production goals with business objectives. To learn more about Invensys Operations Management, visit www.invensys.com.
Invensys plc (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 25,000 employees working in 60 countries.
About Cognizant
Cognizant (Nasdaq: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. Recognized by Fortune Magazine as one of the World's Most Admired Companies, Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise, and worldwide resources to working together with clients to make their businesses stronger. With more than 50 global delivery centers and approximately 63,700 employees as of March 31, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.
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