TEANECK, New Jersey and HYDERABAD, India, July 16 --
- Signs a five-year, multi-million dollar contract
- Relationship extends Cognizant’s leadership in the manufacturing
industry through an expanded range of solutions in engineering services
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 RD processes. To realize this goal, offers to join Cognizant will be
made to over 400 Invensys Operations Management professionals from its existing
RD 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 SP 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.
Forward-looking Statements
This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, the accuracy of which are necessarily subject to
risks, uncertainties, and assumptions as to future events that may not prove to
be accurate. Factors that could cause actual results to differ materially from
those expressed or implied include general economic conditions and the factors
discussed in our most recent Form 10-K and other filings with the Securities and
Exchange Commission. Cognizant undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise.
SOURCE: Cognizant
Catherine Marenghi, Public Relations, +1-781-223-8673,
catherine.marenghi@cognizant.com, or Harsh Kabra, +91-20-40223866,
harsh.kabra@cognizant.com, both of Cognizant
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