CTS - Company Profile
Cognizant Technology Solutions (Cognizant) is a leading e-business and applications outsourcer, providing software development and application management services for Fortune 1000 companies.
Headquartered in Teaneck, New Jersey, Cognizant now has nine offshore software development centers in India-Chennai (4), Calcutta (3), Pune (1) and Bangalore (1). Cognizant also has sales and business development offices in Chicago, San Francisco, Dallas, Toronto, London, and Frankfurt.
Cognizant has been listed in the top 25 IPOs of 1998 by Red Herring magazine; named Public Company of the Year by the New Jersey Technology Council; appeared #49 in the Bloomberg Tech 100; ranked #25 in Individual Investor magazine's AFGC 100 list (America's Fastest Growing Companies); rated 1999's "Best Small Company in America" by Forbes; and has been ranked as the #1 IT consulting company by Business Week among the 100 Hottest Growth Companies in America.
Cognizant's core competencies include legacy and client/server systems, web-centric applications, data warehousing and component based development. The healthcare, financial, insurance and information-driven sectors of industry are all areas in which Cognizant's proven onsite/offshore methodologies are highly effective.
Cognizant employs more than 2200 computer science and engineering professionals to successfully manage and solve its customers' software project challenges. Cognizant account managers and technical professionals based at the customer site work as a "virtual" team with their colleagues at Cognizant's software development centers in India, and deliver cost-effective solutions within their customers' rigorous time frames. Cognizant is well known in India as a preferred employer and attracts the best and brightest computing talent.
To ensure that work of the highest quality is delivered to its customers, Cognizant utilizes its ISO 9001 certified QView methodology to define and implement projects. This method maximizes the integration of onsite and offshore teams, cutting delivery time and resulting in cost savings. In December 1998, Cognizant became one of only 18 software engineering organizations worldwide to be assessed at Level 4 of the Capability Maturity Model (CMM) by the Software Engineering Institute (SEI) at Carnegie Mellon University. And in September 2000, Cognizant became the first e-services integrator to be assessed at Level 5 of the SEI-CMM.
Cognizant Technology Solutions Corporation is a subsidiary of IMS Health, the leading provider of information solutions to the pharmaceutical and healthcare industries worldwide. Originally formed in 1994 as the in-house technology development center for The Dun & Bradstreet Corporation, Cognizant made an initial public offering in June 1998 (NASDAQ: CTSH), and in December 1999 announced global revenues of $88.9 million.