Type : public
Traded as :
NASDAQ:CTSH
NASDAQ-100 COMPONENT
S &
P 500 COMPONENT
Industry : IT
services, IT consulting
Predecessor :
Dun & Brandsheet
Founded :
jan-26-1994
Headquarters :
Teaneck
New jersey
United
states
Area served : worldwide
Chairman : john E.Kein
CEO :
Francisco D’Souza
Services : IT business consulting outsorcing
Revenue :
us$ 10.26 bilion (2014)
Assets :
US$ 11.718 billlion
No of employees
: 1,99,710 (sep 30 2014)
Slogan : passion for making a difference
Website :
www.cognizant.com
VISION & MISSION STATEMENT
VISION:
To lead sustainable growth with environment friendly practices and responsible use of natural resources
MISSION:
Cognizant's single-minded mission is to dedicate our business process and technology innovation know-how, our deep industry expertise and worldwide resources to working together with clients to make their businesses stronger.
Cognizant
Technology Solutions Corp. is an American multinational provider
of information technology, consulting and business process
outsourcing (BPO) services. It is headquartered in Teaneck, New
Jersey, with significant presence in other countries, especially India.
Cognizant
is included in the NASDAQ-100 and the S&P 500 indices.
KEY POSITIONS
CEO - Francisco D‘Souza
CFO - Karen McLoughlin
CHAIRMAN - John E. Klein
VICE-CHAIRMAN - Lakshmi Narayanan
CEO - Francisco D‘Souza
CFO - Karen McLoughlin
CHAIRMAN - John E. Klein
VICE-CHAIRMAN - Lakshmi Narayanan
HISTORY
·
Cognizant has its roots in Dun & Bradstreet Satyam
Systems (DBSS), an India-based joint venture between D&B (76%) and Satyam
Computers (24%).
·
DBSS focused on implementing large-scale IT projects for the
D&B businesses
·
1996 - DBSS
spun off several of its subsidiaries(IMS International, Erisco, Nielsen Media
research, etc.) to form Cognizant Corporation.
·
Jan ‘97 – DBSS
was renamed to Cognizant Technology Solutions (CTS).
·
July ’97 – D&B
bought Satyam's 24% stake in DBSS for $3.4 million
·
Mar ‘98 – Kumar
Mahadeva was named the CEO.
·
CTS operated as a division of Cognizant Corporation and
focused mainly on Y2K-related projects.
·
1998 – Parent
company Cognizant Corporation splits into two companies: IMS Health and Nielsen
Media Research. CTS became a public subsidiary of IMS Health.
·
June ‘98 – IPO
raised by IMS Health, company raised $34 million. Money was earmarked for debt
payments and upgradation of the company’s Indian offices.
·
2003 – IMS
Health sold its entire 56% stake in CTS
KEY MILESTONES
·
1994: Started
as the technology arm of The Dun & Bradstreet Corporation
·
1996: Began
adding third-party clients (usually pursued the Y2K related projects) and
servicing the best across industry segments. Won two large accounts outside of
D&B: Northwest Airlines and Aetna
·
2002: Became
the first company to be assessed enterprise-wide against mature
industry-process certifications, such as P-CMM level 5, BS 7799, SEI-CMMi Level
5
·
2004:
Acknowledged as a leading provider of IT services by industry analysts such as
Gartner, Forrester, AMR and IDC; added to the prestigious NASDAQ 100 Index
·
2006: Became
the fastest global IT services company to reach a $1 billion run-rate (under 12
years)2007: Acquired MarketRx, Inc., a leading provider of analytics and
related software services to global life sciences companies; crossed $2 billion
revenue threshold
·
2008: Entered
Fortune 1000; exceeded $2.8 billion revenue mark
·
2009: Joined
Fortune's "Most Admired Companies" list; named to BusinessWeek 50
list of the top-performing U.S. companies for third consecutive year; named to
Forbes "25 Fastest Growing Technology Companies In America" list for
sixth straight year
·
2010: Selected
for Fortune’s “Most Admired Companies” list for the second year in a row;
placed in Top 5 for IT services
·
2011:
Cognizant joins Fortune 500, ranking #484
Ø custom information
technology,
Ø consulting and
Ø business process outsourcing
services.
Overview
Cognizant's IPOwas launched in
1998, after a series of corporate splits and restructures of its parent
companies, the first software services firm to be listed on the Nasdaq.[3]
During the dot com bust, it grew by accepting the
application maintenance work that the bigger players were unwilling to perform.
Gradually, it ventured into application development, complexsystems integration and consulting work.
Cognizant saw a period of fast growth during the 2000s, becoming a Fortune 500 company in 2011.[4] I
n 2011, the Fortune magazine named it as the world's third
most admired IT services company after Accenture and IBM.
Service
Cognizant provides
Ø information technology,
Ø consulting and
Ø BPO services.
Ø business & technology consulting,
Ø application development
& maintenance,
Ø IT infrastructure services,
Ø analytics,
Ø engineering &
manufacturing Solutions,
In 2011, the company's revenue from IT
services was split roughly evenly between
1. application development and
2. application maintenance.
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