Jump to content

Cognizant

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 2409:4072:689:daa8:9925:5a9c:4402:571 (talk) at 07:11, 3 July 2021. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

For the general term, see [[:Cognizance]]. For the co-founder of Australian company Cognescent Corporation, see [[:Thomas Reardon]].
"CTSH" redirects here. For the human gene CTSH, see Cathepsin H.
Cognizant Technology Solutions Corporation
Company typePublic
IndustryIT services, IT consulting
PredecessorDun & Bradstreet
Founded26 January 1994; 30 years ago (1994-01-26)
FoundersKumar Mahadeva
Francisco D'Souza[1][2]
Headquarters
Teaneck, New Jersey, U.S.
Number of locations
166 (as of 2019)[3]
Area served
Worldwide
Key people
Brian Humphries (CEO)
Services
RevenueDecrease US$16.65 billion (2020)[4]
Decrease US$2.32 billion (2020)[4]
Decrease US$1.39 billion (2020)[4]
Total assetsIncrease US$16.92 billion (2020)[4]
Total equityDecrease US$10.83 billion (2020)[4]
Number of employees
289,500 (2020)[5]
Websitewww.cognizant.com

Cognizant is an American multinational technology company that provides business consulting, information technology and outsourcing services. It is headquartered in Teaneck, New Jersey, United States. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-house technology unit of Dun & Bradstreet in 1994,[6] and started serving external clients in 1996.[6]

After a series of corporate re-organizations there was an initial public offering in 1998.[7]

Cognizant had a period of fast growth during the 2000s and became a Fortune 500 company in 2011; as of 2021 it's at position 185.[8]

History

Cognizant began as Dun & Bradstreet Software (DBSS),[9][10] established as Dun & Bradstreet's in-house technology unit focused on implementing large-scale IT projects for Dun & Bradstreet businesses. In 1996, the company started pursuing customers beyond Dun & Bradstreet.[11]

In 1996, Dun & Bradstreet spun off several of its subsidiaries including Erisco, IMS International, Nielsen Media Research, Pilot Software, Strategic Technologies and DBSS, to form a new company called Cognizant Corporation, headquartered in Chennai, India. Three months later, in 1997, DBSS renamed itself to Cognizant Technology Solutions. In July 1997, Dun & Bradstreet bought Satyam's 24% stake in DBSS for $3.4 million.[12][13] Headquarters were moved to the United States, and in March 1998, Kumar Mahadeva was named CEO.[14] Operating as a division of the Cognizant Corporation, the company focused on Y2K-related projects and web development.[15]

In 1998, the parent company, Cognizant Corporation, split into two companies: IMS Health and Nielsen Media Research.[16] After this restructuring, Cognizant Technology Solutions became a public subsidiary of IMS Health. In June 1998, IMS Health partially spun off the company, conducting an initial public offering of the Cognizant stock. The company raised $34 million, less than what the IMS Health underwriters had hoped. They earmarked the money for debt payments and upgrading company offices.[15]

Kumar Mahadeva decided to reduce the company's dependence on Y2K projects: by Q1 1999, 26% of company's revenues came from Y2K projects, compared with 49% in early 1998. Believing that the $16.6 billion enterprise resource planning software market was saturated, Kumar Mahadeva decided to refrain from large-scale ERP implementation projects. Instead, he focused on applications management, which accounted for 37% of Cognizant's revenue in Q1 1999.[11] Cognizant's revenues in 2002 were $229 million, and the company had zero debt with $100 million in the bank.[15] During the dotcom bust, the company grew by taking on the maintenance projects that larger IT services companies did not want.

Cognizant's old logo
Cognizant's old logo

In 2021, 792,000 employees including contractors in Hyderabad Cognizant, which instituted a poison pill provision to prevent hostile takeover attempts.[15][17] Kumar Mahadeva resigned as the CEO in 2003, and was replaced by Lakshmi Narayanan.[18] Gradually, the company's services portfolio expanded across the IT services landscape and into business process outsourcing (BPO) and business consulting. Lakshmi Narayanan was succeeded by Francisco D'Souza in 2006. Cognizant experienced a period of fast growth during the 2000s, as reflected by its appearance in Fortune magazine's "100 Fastest-Growing Companies" list for ten consecutive years from 2003 to 2012.[19][20]

In September 2014, Cognizant struck its biggest deal, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion.[21] Cognizant Shares, rose nearly 3 percent in pre-market trading.[22]

On 24 June 2015, the company signed a multimillion-dollar agreement with Escorts Group in India to help Escorts' businesses in digital transformation and modernizing its operations across all business segments.[23]

On 30 June 2015, it partnered with Singapore-based supermarket retailer NTUC FairPrice to perform digital transformation in NTUC's business to improve personalized and consistent customer service across multiple channels.[24]

In April 2018, Cognizant and a consortium of Indian life insurers announced their development of a blockchain solution[buzzword] aimed at increasing efficiency through facilitating cross-company data sharing. The platform, which is built on Corda, a DLT platform developed by R3, was claimed to reduce dependency on third-party data intermediaries and aggregators for obtaining consumer profiles and policy details such as KYC due diligence, financial and medical underwriting, risk assessment, fraud detection and regulatory compliance.[25]

Acquisitions

Company acquired Country Date Business Reference
ESG Mobility Germany Germany March 2021 Connected cars, IoT [26]
Magenic Technologies United States USA January 2021 Agile Software and Cloud Development, DevOps [27]
Linium United States USA January 2021 ServiceNow [28]
Servian Australia Australia January 2021 Data Analytics, Artificial Intelligence [29]
Inawisdom United Kingdom UK December 2020 AI, Machine Learning [30]
Bright Wolf United States USA October 2020 IoT [31]
10th Magnitude United States USA September 2020 Microsoft Azure [32]
Tin Roof Software United States USA August 2020 DevOps, Software Engineering [33]
New Signature United States USA July 2020 Microsoft Cloud Provider [34]
Collaborative Solutions United States USA May 2020 HR and Finance Cloud Provider [35]
Lev United States USA March 2020 Enterprise Digital Marketing [36]
EI-Technologies France France February 2020 CRM Consulting [37]
Code Zero United States USA February 2020 CRM Consulting [38]
Contino United Kingdom UK October 2019 Digital Transformation (DevSecOps/Data/Cloud) [39]
Zenith Technologies Republic of Ireland Ireland June 2019 Life Sciences Automation [40]
Meritsoft Republic of Ireland Ireland March 2019 Fintech [41]
Oy Samlink Finland Finland January 2019 Technology Provider [42]
Mustache United States USA December 2018 Digital Agency [43]
Softvision United States USA October 2018 Digital Solutions [44]
Advanced Technology Group United States USA September 2018 CRM Consulting [45]
SaaSFocus Australia Australia August 2018 CRM Consulting [46]
Hedera Consulting Belgium Belgium May 2018 Consulting [47]
Bolder Healthcare Solutions United States USA March 2018 Health Care IT [48]
Zone United Kingdom UK October 2017 Digital Agency [49]
Netcentric Switzerland Switzerland October 2017 Digital Marketing [50]
T2C | Top Tier Consulting United States USA September 2017 Healthcare Consulting [51]
TMG Health United States USA June 2017 Health Care IT [52]
BrilliantService Japan Japan March 2017 Intelligent Products, Internet of things [53]
Adaptra Australia Australia December 2016 Insurance Consulting, Project Management [54]
Nova IT Australia Australia December 2016 HR Services [55]
KIS Information Services (KIS) Germany Germany December 2016 IT Services [56]
Mirabeau BV Netherlands Netherlands November 2016 Digital Marketing, Customer Experience [57]
Frontica Business Solutions Norway Norway October 2016 IT Services & Solutions [58][59]
Idea Couture Canada Canada July 2016 Digital Services (Innovation and Experience Design) [60]
Heliocentric El Salvador El Salvador May 2016 BPO Services [61]
Quick Left Inc. United States USA May 2016 Mobile & Web Apps [62]
ReD Associates Denmark Denmark April 2016 Market Research [63]
KBACE Technologies United States USA January 2016 Oracle Cloud, ERP [64]
Storebrand Baltic Lithuania Lithuania Nov 2015 Lithuanian IT unit of Norway’s Storebrand [65]
CNO Financial Group (India) India India Feb 2015 IT Application Development [66]
Odecee Australia Australia November 2014 IT, Consulting and BPO services [67]
Cadient Group United States USA October 2014 Digital Healthcare [68]
TriZetto Corp United States USA September 2014 Healthcare Payer Software, Provider Revenue Cycle Software (Consulting, Software, BPO, Hosting) [69]
itaas Interactive TV Solutions United States USA April 2014 Digital Video services [70]
ValueSource Technologies India India October 2013 IT services [71]
Equinox Consulting France France October 2013 Financial Services Consulting Firm [72]
SourceNet Solutions United States USA May 2013 BPS for Finance & Accounting [73]
QBridge United States USA Jan 2013 Marketing Automation [74][75]
C1 group (6 companies) Germany Germany December 2012 btconsult gbbb [process and technology consulting, SAP]; C:1 Solutions GmbH [consulting and enterprise solutions: SAP, BPM, ECM, ERM]; psc Management Consulting GmbH [process and technology consulting]; C:1 SetCon GmbH [software engineering and testing]; Enterprise Services AG [a Swiss company focused on process and IT consulting]; C:1 Holding GmbH [76]
Medicall PhilippinesPhilippines November 2012 Medical Transcription [77]
Excellence Data Research India India August 2012 Market Research [78]
ING US United States USA June 2012 Technology [79]
Zaffera United States USA September 2011 SAP Consulting [80]
CoreLogic India India India July 2011 Mortgage processing [81]
Galileo Performance France France June 2010 Consulting related to the measurement, management and continuous optimization of IT system performance [82]
PIPC Group United Kingdom UK May 2010 Program & Project Management Consulting [83]
UBS India Service Center India India October 2009 Business process outsourcing, industry research [84]
Pepperweed Advisors United States US September 2009 Business Consulting, Program Management [85]
Invensys Rail R&D India & Invensys Operations Managed R&D Center India India India July 2009 Product Research & Engineering, Manufacturing [86]
Active Intelligence Canada Canada February 2009 Consulting, implementation and support services for Oracle Retail Merchandising, Planning and Optimization suite [87]
Strategic Vision Consulting United States US June 2008 Business Consulting for media and entertainment companies [88]
T-Systems India Germany Germany March 2008 System Integration [89]
marketRx United States US November 2007 Life Sciences Analytics, healthcare KPO [90]
AimNet United States US September 2006 IT infrastructure services [91]
Fathom Consulting Canada Canada April 2005 Telecom & Automotive IT Services [92]
Ygyan Consulting India India February 2004 SAP consulting [93]
Infopulse Netherlands Netherlands December 2003 IT services [94]
Aces International United States US April 2003 Siebel CRM consulting [92]
American Express Travel-related Services account from Silverline Technologies United States US Sep 2002 Financial services [95]
UnitedHealthcare Ireland Limited Republic of Ireland Ireland June 2002 Healthcare services (a subsidiary of the UnitedHealth Group) [96]

Product and services

Cognizant provides information technology, information security, consulting, ITO and BPO services. These include business & technology consulting, systems integration, application development & maintenance, IT infrastructure services, Artificial Intelligence, Digital Engineering, analytics, business intelligence, data warehousing, customer relationship management, supply chain management, engineering & manufacturing solutions, enterprise resource planning, research and development outsourcing, and testing solutions.

Cognizant has three areas which makes up their business — Digital Business, Digital Operations, and Digital Systems & Technology.[97]

Business model

Cognizant's original corporate headquarters in Chennai, now an offshore delivery center.

Like many other IT services firms, Cognizant follows a global delivery model based on offshore software R&D and offshore outsourcing. The company has a number of offshore development centers outside the United States and near-shore centers in the U.S., Europe and South America.

In its early years, Cognizant gained business from a number of American and European companies with the help of the Dun & Bradstreet brand. The company's senior executives envisaged the firm as a provider of high-end customer services on-par with the six contemporary major system integrators (Accenture, BearingPoint, Capgemini, E&Y, Deloitte and IBM), but at lower prices.[98]

Operations

Regions

The company has 281,200[99] employees globally, of which over 150,000 are in India across 10 locations with a plurality in Chennai. On 20 Jan, 1994 Cognizant registered its branch in Chennai, Tamil Nadu, India with the legal name Cognizant Technology Solutions India Private Limited. The other centers of the company are in Bangalore, Chennai, Coimbatore, Gurgaon, Noida, Hyderabad, Kochi, Kolkata,[100] Mangalore, Mumbai, and Pune. The company has local, regional, and global delivery centers in the UK, Hungary, The Netherlands, Spain, China, Philippines, Canada, Brazil, Argentina, Mexico etc.[101] [102]

Business units

Cognizant is organized into several verticals and horizontal units. The vertical units focus on specific industries such as Banking & Financial Services, Insurance, Healthcare, Manufacturing and Retail. The horizontals focus on specific technologies or process areas such as Analytics, mobile computing, BPO and Testing. Both horizontal and vertical units have business consultants, who together form the organization-wide Cognizant Consulting team. Cognizant is among the largest recruiters of MBAs in the industry; they are involved in business development and business analysis for IT services projects.

Corporate affairs

Cognizant's Delivery Center in Chennai

Management

Cognizant is led by Brian Humphries (CEO), Jan Siegmund (CFO) and Malcolm Frank (President, Digital Business & Technology).[103]

On 1 April 2019, Francisco D'Souza was replaced by Brian Humphries as the CEO.

Finance

Year Fortune 500 rank
2021 185[104]
2020 194[105]
2019 193[106]
2018 195[107]
2017 205[108]
2016 230[109]
2015 288[110]
2014 308[111]
2013 352[112]
2012 398[113]
2011 484[114]

Cognizant was listed on NASDAQ in 1998, and added to the NASDAQ-100 Index in 2004. After the close of trading on 16 November 2006, Cognizant moved from the mid cap S&P 400 to the S&P 500.[115] Cognizant became a Fortune 500 company in 2011.[116]

Corporate social responsibility

Cognizant's philanthropic and corporate social responsibility (CSR) initiatives are conducted through the Cognizant employees for the financial and administrative support of the Cognizant Foundation.[117][118] Registered in March 2005 as a "Charitable Company" under the Indian Companies Act, the Cognizant Foundation aims to help "unprivileged members of society gain access to quality education and healthcare by providing financial and technical support; designing and implementing educational and healthcare improvement programs; and partnering with Non-Government Organizations (NGOs), educational institutions, healthcare institutions, government agencies and corporations".

Cognizant has a grassroots corporate social responsibility project called Outreach, for which Cognizant's employees volunteer to support schools and orphanages.[119][120]

Awards

In 2015, the Fortune named it as the world's fourth most admired IT services company.[121] In 2017, Cognizant was named in Fortune's Future 50 list.[122]

Motorsport

In January 2021, the newly rebranded Aston Martin Formula One team announced Cognizant as their title sponsor for the 2021 Formula One World Championship.[123]

Controversies

India

Bribery

Larsen & Toubro Ltd (L&T) paid million in bribes to Indian government officials on behalf of Cognizant Technology Solutions Corp. to secure permits, ranging from environmental clearance to power. L&T has made illicit payments and Cognizant reimbursed the money by disguising it as compensation for cost overruns.[124]

Companies Act violations

In March 2019, significant publicity was raised because Cognizant repetitively violated the directives of the Registrar of Companies. The Company "has moved [sic] the Madras High Court fearing possibility of criminal prosecution being launched against it by [the] Registrar of Companies for alleged violation of the provisions of the Companies Act of 2013 and the Companies (Appointment and Disqualification of Directors) Rules of 2014." One of those questions was as to why the company had not disclosed complete information on stock options of its parent holding company — CTS Corporation in the United States — having been given to the employees, including its directors, and the payments running to several hundred crores of rupees (approx US $40 million) having been paid to the parent company in the US towards stock compensating recharge.[125]

Discrimination

In 2018 a race discrimination suit was brought: "Three hundred former employees claim they were forced out of their jobs and replaced with 'less qualified' Indians after being poorly treated by their Indian supervisors and colleagues, given unjustifiably low performance ratings and denied promotions." Cognizant said it was "national origin" and not race.[126]

Layoffs

20 senior executives, above the Director's Level were dismissed because they were not able to catch up with the latest technologies. The number of the executives that were dismissed is unusually high and questions the ability of the company to catch up with the latest technologies.[127]

In 2017, eight employees filed petitions with the labor department, complaining Cognizant forced them to resign as part of a performance-based review. The labor department closed the case in favor of employees and advised company management to give one more opportunity for the petitioners to prove themselves. At the time Cognizant had also rolled out a ‘voluntary separation program’ for directors, associate vice-presidents and senior VP's which offed them 6–9 months of their salary.[128]

In 2017, approximately 6000 Cognizant employees in Hyderabad/Bangalore/Chennai lost their job as a part of company's annual performance review process.[129]

Tax evasion

The Income Tax department has frozen Cognizant Technology Solutions Corp's bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT). A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings. Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department.[130]

The court asked the company to deposit 15 percent of the disputed tax, amounting to 4.9 billion rupees ($75 million) as security deposit till it decides on the case.[131]

Ireland

Working conditions

In February 2018 the UK and Irish press expressed concerns about contractors employed by Cognizant in Dublin as part of the outsourcing contract with Google about the conditions of employment in relationship to compensation and basic employment allowances like sick leave.[132]

United States

Corruption

In 2016, Cognizant announced that it was cooperating with US authorities in an investigation related to the Foreign Corrupt Practices Act, and carrying out its own probe to determine whether some payments made in India breached the law. The company also said President Gordon Coburn had resigned and would be replaced by Rajeev Mehta.[133]

Crawford & Company lawsuit

Cognizant has been sued by Crawford & Company, the US-based independent providers of insurance claims-handling services, for alleged breach of contract. Cognizant had been mandated by Crawford to implement People Soft Financials software as part of an ERP project called Project Atlas that it was critical to Crawford's operations. Project Atlas included components for both internal operations and client-facing services.[134]

Wage theft and H-1B visa violations

Cognizant leads the ranks of companies receiving H-1B visas from the United States. The company has been steadily increasing its U.S. work force. In January 2011, the company announced plans to expand its U.S. delivery centers, including a new 1,000-person (0.4% of worldwide workforce) facility in Phoenix, Arizona.[135] In February 2011, Cognizant said it had 60 full-time recruiters actively hiring in the U.S.[136]

In 2009, an investigation by the US Department of Labor (DoL) found Cognizant in violation of the H-1B provisions of the Immigration and Nationality Administrative Act. The DoL discovered that the company had stolen wages and benefits from 67 of its workers, for which they demanded they repay $509,607 in back wages. Joseph Petrecca, the director of the Wage and Hour Division's Northern New Jersey District Office noted that the company took immediate steps to correct the violations, saying the "level of cooperation sets a standard for others in the industry."[137]

In 2016, the company was the subject of a lawsuit by workers for Walt Disney World who said workers from India were brought into the United States on H-1B visas in order to replace them.[138] However, in October 2016, federal Judge Gregory A. Presnel of the United States District Court in Orlando dismissed the lawsuits, stating "none of the allegedly false statements put at issue in the complaint are adequate."[139]

Cognizant was also required to pay $5.7 million in back pay and fines in a U.S. District Court ruling for a class action lawsuit. The lawsuit claimed that Cognizant did not provide quality assurance analysts the full value of their overtime pay.[140]

Working conditions and mental health issues

See also: Criticism of Facebook § Moderators

In February 2019, an investigative report by The Verge described poor working conditions in Cognizant's Phoenix, Arizona, office.[141] Cognizant employees tasked with content moderation for Facebook developed mental health issues, including posttraumatic stress disorder, as a result of exposure to graphic violence, hate speech, and conspiracy theories in the videos they were instructed to evaluate.[141][142] Moderators at the Phoenix office reported drug abuse, alcohol abuse, and sexual intercourse in the workplace, and feared retaliation from terminated workers who threatened to harm them.[141][143] In response, a Cognizant representative stated the company would examine the issues in the report.[141]

The Verge published a follow-up investigation of Cognizant's Tampa, Florida, office in June 2019.[144][145] Employees in the Tampa location described working conditions that were worse than the conditions in the Phoenix office.[144][146] Content moderator Keith Utley suffered a heart attack while working for Cognizant in March 2018 and died in a hospital; the Tampa office lacked an on-site defibrillator.[144][147] Moderators were required to sign non-disclosure agreements with Cognizant to obtain the job, although three former workers broke the agreements to provide information to The Verge.[144][148] In the Tampa office, workers reported bed bugs, unsanitary work conditions, inadequate mental health resources, sexual harassment, workplace violence, and theft.[144][149] As a result of exposure to videos depicting graphic violence, animal abuse, and child sexual abuse, some employees developed psychological trauma and posttraumatic stress disorder.[144][150] Cognizant sanitized the office before The Verge's visit, a practice the publication described as a "dog-and-pony-show phenomenon".[144] In response to negative coverage related to its content moderation contracts, a Facebook director indicated that Facebook is in the process of developing a "global resiliency team" that would assist its contractors.[144]

On October 30, 2019, Cognizant announced that it would phase out a portion of its content moderation contracts in 2020.[151][152]

See also

References

  1. ^ "Cognizant founder Mahadeva to retire". Economic Times. 22 December 2003.
  2. ^ "Cognizant's co-founder to step down from board". Livemint. 6 February 2020.
  3. ^ "Cognizant Worldwide Offices". Retrieved 24 July 2019.
  4. ^ a b c d e "2020 Annual results". Cognizant.
  5. ^ "Cognizant Q4 Results 2020" (PDF).
  6. ^ a b Mishra, Pankaj (21 March 2013). "Cognizant's Francisco D'Souza: The horizon chaser".
  7. ^ Newswires, Dow Jones (20 June 1998). "Cognizant, Interplay IPOs Meet With Weak Demand". The Wall Street Journal. ISSN 0099-9660. Retrieved 2 January 2020.
  8. ^ Cognizant. "Cognizant Climbs to 185 on 2021 Fortune 500 List". www.prnewswire.com. Retrieved 4 June 2021.
  9. ^ "Cognizant is like a $4-billion tech startup". Archived from the original on 16 September 2016. Retrieved 26 August 2016.
  10. ^ "'Dun & Bradstreet Satyam To Be Rechristened Cognizant Tech". Business Standard. 4 February 1997. Retrieved 10 May 2016.
  11. ^ a b Silvia Sansoni (14 June 1999). "The contrarian". Forbes.
  12. ^ "No modest ambitions for Cognizant". Express Computer. 8 October 2011. Archived from the original on 30 November 2012. Retrieved 27 June 2012.
  13. ^ "Cognizant back in search of Satyam". Business Standard. 4 April 2009. Retrieved 27 June 2012.
  14. ^ "Kumar Mahadeva quits as Cognizant chief".
  15. ^ a b c d International Directory of Company Histories, Vol.59. St. James Press, 2004.
  16. ^ "Dun & Bradstreet Spinoff Will Split in Two". The New York Times. 16 January 1998. Retrieved 27 June 2012.
  17. ^ IMS sees some positive impact from Cognizant sale by Eric Auchard. Rediff, 16 November 2002 | 1149 IST.
  18. ^ "Cognizant founder steps down". The Hindu Business Line. Retrieved 27 June 2012.
  19. ^ Anne VanderMey (14 September 2011). "Fastest-growing: 16 all-stars". Forbes. Retrieved 27 June 2012.
  20. ^ "Cognizant in Fortune 500". Fortune. Retrieved 27 June 2012.
  21. ^ "Cognizant Acquires TriZetto". Bloomberg TV India. 15 September 2014. Archived from the original on 30 June 2016. Retrieved 17 September 2014.
  22. ^ "Cognizant to buy TriZetto to boost healthcare business". Reuters. 15 September 2014. Retrieved 15 September 2014.
  23. ^ "Cognizant to assist Escorts' digital transformation of operations". The Times of India.
  24. ^ "Cognizant to help NTUC Fairprice upgrade digital infrastructure". DealStreetAsia.
  25. ^ "Cognizant Develops Blockchain Solution for Indian Insurers, To Secure Data Sharing and Enhance Customer Experience". Crypto-News India. 16 April 2018. Retrieved 18 April 2018.
  26. ^ "Cognizant to Expand Expertise in Autonomous, Connected and Electric Vehicles with Acquisition of ESG Mobility". News | Cognizant Technology Solutions. Retrieved 25 March 2021.
  27. ^ Cognizant. "Software firm Magenic is the third acquisition of Cognizant in January this year". www.businessinsider.in.
  28. ^ Cognizant. "Cognizant to Acquire Linium". www.prnewswire.com. Retrieved 12 January 2021.
  29. ^ Cognizant. "Cognizant to Acquire Servian, a Leading Australian Data and Analytics Consulting Firm". www.prnewswire.com. Retrieved 11 January 2021.
  30. ^ Cognizant. "Cognizant Acquires Inawisdom, an Artificial Intelligence and Machine Learning Services Expert". www.prnewswire.com. Retrieved 5 January 2021.
  31. ^ "Cognizant to Acquire Bright Wolf, Accelerating Growth in Industrial Internet of Things Services". News | Cognizant Technology Solutions. Retrieved 22 October 2020.
  32. ^ "Cognizant Acquires 10th Magnitude, Adds More Muscle To Its Microsoft Business Unit". www.crn.com. Retrieved 24 September 2020.
  33. ^ "Cognizant to Acquire Tin Roof Software to Expand Digital Engineering Services". News | Cognizant Technology Solutions. Retrieved 25 August 2020.
  34. ^ "Cognizant to acquire New Signature".
  35. ^ Bureau, Our. "Cognizant to acquire Collaborative Solutions". @businessline. Retrieved 5 May 2020. {{cite web}}: |last= has generic name (help)
  36. ^ Cognizant. "Cognizant to Acquire Lev to Expand Digital Marketing Expertise". www.prnewswire.com. Retrieved 24 March 2020.
  37. ^ "Cognizant Intends to Acquire EI-Technologies, a Leading European Salesforce Platform Specialist - Feb 5, 2020". News | Cognizant Technology Solutions. Retrieved 5 February 2020.
  38. ^ Bureau, Our. "Cognizant acquires Code Zero, a consultancy for Cloud-based CPQ & billing solutions". @businessline. Retrieved 4 February 2020. {{cite web}}: |last= has generic name (help)
  39. ^ Contino (16 October 2019). "Cognizant to Acquire Contino". Contino. Retrieved 16 October 2019.
  40. ^ "Cognizant to Acquire Zenith Technologies". Cognizant. Retrieved 18 June 2019.
  41. ^ "Cognizant acquires fintech software firm Meritsoft". Moneycontrol. Retrieved 5 March 2019.
  42. ^ "Cognizant to acquire Finnish bank-backed Oy Samlink". Finextra Research. 23 January 2019. Retrieved 23 January 2019.
  43. ^ "Cognizant to Acquire Mustache, a New York-Based Creative Content Agency". News | Cognizant Technology Solutions. Retrieved 11 December 2018.
  44. ^ Cognizant. "Cognizant to Acquire Digital Engineering Leader Softvision". www.prnewswire.com. Retrieved 4 October 2018.
  45. ^ "Cognizant to Acquire Advanced Technology Group to Expand Cloud Quote-to-Cash Capabilities". News | Cognizant Technology Solutions. Retrieved 18 September 2018.
  46. ^ Mendonca, Jochelle (23 August 2018). "Cognizant to buy SaasFocus to boost Asia-Pac business". The Economic Times. Retrieved 24 August 2018.
  47. ^ "Cognizant Acquires Hedera Consulting, a Belgian Advisory and Analytics Company". News | Cognizant Technology Solutions. Retrieved 2 May 2018.
  48. ^ "Cognizant to Acquire Bolder Healthcare Solutions to Expand Revenue Cycle Management Services for Providers". Cognizant Technology Solutions : Investors. Archived from the original on 13 March 2018. Retrieved 12 March 2018.
  49. ^ "US IT company Cognizant snaps up digital indy Zone". The Drum. Retrieved 26 October 2017.
  50. ^ www.ETCIO.com. "Cognizant to acquire digital marketing expert Netcentric - ET CIO". ETCIO.com. Retrieved 26 October 2017.
  51. ^ Consulting, Top Tier (5 September 2017). "Top Tier Consulting is proud to bring our management consulting talent and healthcare expertise to the @Cognizant family of companies". @T2CConsulting. Retrieved 22 September 2017.
  52. ^ Mendonca, Jochelle (13 June 2017). "Cognizant to buy TMG Health for undisclosed amount". The Economic Times. Retrieved 13 June 2017.
  53. ^ "Cognizant acquires Japan's Brilliant Service". Business Line. Retrieved 2 March 2017.
  54. ^ "BRIEF-Cognizant to buy Adaptra". Business Insider. Retrieved 16 December 2016.
  55. ^ "About Nova IT". www.novait.com.au. Archived from the original on 23 January 2017. Retrieved 23 January 2017.
  56. ^ "CNW Group". www.edmontonjournal.com. 19 August 2015. Retrieved 2 December 2016.
  57. ^ Cognizant. "Cognizant to Acquire Digital Marketing and Customer Experience Agency Mirabeau BV". www.prnewswire.com. Retrieved 29 November 2016.
  58. ^ "Akastor agrees to sell Frontica Business Solutions to Cognizant!". Frontica. Archived from the original on 11 January 2017.
  59. ^ Akastor. "Akastor ASA: Akastor Completes Sale of Frontica Business Solutions to Cognizant". GlobeNewswire News Room. Retrieved 29 November 2016.
  60. ^ "Cognizant Acquires Idea Couture, a Digital Innovation, Strategy, and Design Firm!". Yahoo!. Archived from the original on 15 February 2017.
  61. ^ "We are starting a new phase for our company!". Twitter.
  62. ^ "Quick Left's Right Turn – To Cognizant". Quick Left. 13 May 2016.
  63. ^ "Cognizant acquires 49% ownership in ReD Associates". Business Standard India. Business Standard. 28 April 2016.
  64. ^ "Cognizant Acquires KBACE Technologies to Enable Clients to Accelerate Journey to Cloud and Improve Business Agility".
  65. ^ "US Cognizant to acquire 66% shares in Lithuania's Storebrand".
  66. ^ "Insurance Company CNO Sells India Operations To Cognizant". www.indiainsurance.co. Archived from the original on 11 January 2017. Retrieved 17 October 2016.
  67. ^ "Cognizant on an odyssey with new acquisition".
  68. ^ "Cognizant acquires digital marketing agency Cadient Group". timesofindia-economictimes.
  69. ^ "Cognizant News & Events - Cognizant Press Releases - Cognizant Technology Solutions". Archived from the original on 11 June 2016. Retrieved 15 September 2014.
  70. ^ "Cognizant buys US video solutions company". The Times of India. 23 April 2014.
  71. ^ "KBC verkoopt ValueSource aan Cognizant". 3 October 2013. Retrieved 3 October 2013.
  72. ^ "Cognizant Acquires Equinox Consulting, a Financial Services Consulting Firm in France". 2 October 2013. Retrieved 2 October 2013.
  73. ^ "Cognizant Q2 Net up 19%; raises full-year revenue guidance". Zee News. 6 August 2013. Retrieved 3 December 2016.
  74. ^ "Cognizant Marketing BPS Services". Nelson Hall.
  75. ^ "Apply for a Trademark. Search a Trademark". trademarkia.com. Retrieved 20 April 2018.
  76. ^ "Cognizant to Acquire Six Companies of the C1 Group, a Leading German Consulting and IT Services Group". 21 December 2012. Retrieved 5 January 2013.
  77. ^ "Cognizant net up 16%". The Telegraph. Retrieved 30 November 2016.
  78. ^ "EXCELLENCE DATA RESEARCH PRIVATE LIMITED | Indian Company Info". www.indiancompany.info. Retrieved 30 November 2016.[permanent dead link‍]
  79. ^ "Cognizant, ING US in $330 mn pact". 15 June 2012. Retrieved 4 July 2016.
  80. ^ "Cognizant buys Zaffera, a US SAP consulting Company for an undisclosed value". The Economic Times. 28 September 2011. Retrieved 27 June 2012.
  81. ^ Suparna Goswami Bhattacharya (27 July 2011). "Cognizant to acquire CoreLogic's Indian business". DNA. Retrieved 27 June 2012.
  82. ^ "Cognizant buys Paris-based Galileo Performance". Business Standard. 18 June 2010. Retrieved 27 June 2012.
  83. ^ "Cognizant acquires PIPC". The Economic Times. 10 May 2009. Retrieved 27 June 2012.
  84. ^ "Cognizant acquires India unit of UBS for $75m". The Times of India. 16 October 2010. Retrieved 27 June 2012.
  85. ^ "Cognizant buys Pepperweed Advisors". The Hindu. 9 September 2009. Archived from the original on 14 September 2009. Retrieved 27 June 2012.
  86. ^ Bureau, Our (3 October 2013). "Cognizant buys Belgian bank insurance firm's arm ValueSource". The Hindu Business Line. Retrieved 11 November 2016. {{cite news}}: |last= has generic name (help)
  87. ^ Chandra Ranganathan (11 February 2009). "Cognizant acquires Canada consulting firm Active Intelligence". Economic Times. Retrieved 27 June 2012.
  88. ^ "Cognizant acquires US firm SVC". The Economic Times. 10 June 2008. Retrieved 27 June 2012.
  89. ^ "Cognizant Tech to buy T-System's India business". Business Standard. 8 March 2008. Retrieved 4 July 2016.
  90. ^ Narayanan Madhavan (20 October 2007). "Cognizant to acquire marketRX for $135 m". Hindustan Times. Archived from the original on 1 September 2012. Retrieved 27 June 2012.
  91. ^ "Cognizant acquires US co AimNet". The Hindu Business Line. 7 September 2006. Archived from the original on 2 May 2013. Retrieved 27 June 2012.
  92. ^ a b "Cognizant buys Fathom for $35 mn". rediff.com. 18 April 2005. Retrieved 27 June 2012.
  93. ^ "Cognizant Tech Acquires Pune SAP Firm For $2 Mn". The Financial Express. 23 February 2004. Retrieved 27 June 2012.
  94. ^ "Cognizant Acquires Infopulse For $5 M". The Financial Express. 3 December 2003. Retrieved 27 June 2012.
  95. ^ "Cognizant Acquires American Express". The Financial Express. 22 September 2012. Retrieved 27 June 2012.
  96. ^ "Cognizant centre in Ireland". The Hindu Business Line. 11 June 2002. Retrieved 27 June 2012.
  97. ^ Cognizant Annual report 2016
  98. ^ Peter Cappelli; Michael Useem; Harbir Singh; Jitendra Singh (2010). The India way. Harvard Business Press. pp. 138–143. ISBN 978-1-4221-4759-7.
  99. ^ "Cognizant laid off over 9,000 employees in last three months". www.timesnownews.com. Retrieved 4 August 2020.
  100. ^ Swati Garg (20 February 2012). "Bengal IT minister tells Cognizant growth story to lure Infy, Wipro". Business Standard India.
  101. ^ "Contact Us - Cognizant Technology Solutions".
  102. ^ https://www.cognizant.com/contact-us
  103. ^ "Senior Management—Executive Leadership Team | Cognizant". Retrieved 20 August 2018.
  104. ^ Cognizant. "Cognizant Climbs to 185 on 2021 Fortune 500 List". www.prnewswire.com. Retrieved 4 June 2021.
  105. ^ "Cognizant Technology Solutions Company Profile". Fortune. Retrieved 18 May 2020.
  106. ^ "Cognizant Technology Solutions". Fortune. Retrieved 16 May 2019.
  107. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved 21 May 2018.
  108. ^ "Cognizant in the News". News | Cognizant Technology Solutions. Retrieved 7 June 2017.
  109. ^ "2015 Fortune 500 rank". Fortune. Retrieved 6 June 2016.
  110. ^ "2015 Fortune 500 rank". CNN Money. Retrieved 29 June 2015.
  111. ^ "2012 Fortune 600 rank". CNN Money. Retrieved 6 June 2014.
  112. ^ "2012 Fortune 500 rank". CNN Money. Archived from the original on 20 December 2013. Retrieved 13 May 2013.
  113. ^ "2012 Fortune 500 rank". CNN Money. Retrieved 13 May 2013.
  114. ^ "2011 Fortune 500 rank". CNN Money. Retrieved 29 May 2013.
  115. ^ "Cognizant Press Releases, Company News | Cognizant Technology Solutions". webcache.googleusercontent.com. Retrieved 29 February 2020.
  116. ^ "Cognizant joins the Fortune 500 club". rediff. 6 May 2011. Retrieved 27 June 2012.
  117. ^ CSR World Archived 17 June 2012 at the Wayback Machine. Last accessed on 6 March 2012.
  118. ^ "Cognizant Foundation extends aid to five NGOs". The Hindu Business Line.
  119. ^ "Cognizant Outreach distributes notebooks". The Hindu. 27 June 2010. Retrieved 27 June 2012.
  120. ^ "Industry insights from Cognizant for AUT faculty". The Hindu. 14 May 2011. Archived from the original on 16 January 2013. Retrieved 27 June 2012.
  121. ^ "World's Most Admired Companies (Information Technology services), 2015". Fortune. Retrieved 22 July 2015.
  122. ^ "Cognizant in the News". News | Cognizant Technology Solutions. Retrieved 26 December 2017.
  123. ^ "Aston Martin reveal title sponsor for F1 2021 season, tease green car – Entry List". Sky Sports. Retrieved 7 January 2021.
  124. ^ "Cognizant used L&T to bribe govt officials in India". Retrieved 18 February 2019.
  125. ^ S, Mohamed Imranullah (9 March 2019). "Cognizant moves HC fearing prosecution". The Hindu. ISSN 0971-751X. Retrieved 8 March 2019.
  126. ^ "Cognizant, US' Top H-1B Visa Sponsor, Tries to Bury 'Anti-White' Lawsuit".
  127. ^ "Cognizant Technology Solutions lays off 200 senior executives - Times of India". The Times of India. Retrieved 24 October 2018.
  128. ^ "Cognizant layoff plea closed in favor of sacked staff: Govt". @businessline. Retrieved 25 February 2018.
  129. ^ "Hyderabad: Mass layoffs shake IT industry in 2017". deccanchronicle.com/. 29 December 2017. Retrieved 25 February 2018.
  130. ^ "Income Tax department freezes certain Cognizant bank accounts: report". Retrieved 7 April 2018.
  131. ^ "Indian court orders tax dept to lift freeze on Cognizant's funds". Retrieved 7 April 2018.
  132. ^ Tighe, Mark (11 February 2018). "Google Maps workers are losing it". The Sunday Times. ISSN 0956-1382. Retrieved 25 October 2018.
  133. ^ "Cognizant says conducting corruption probe; president replaced". Reuters. 30 September 2016. Retrieved 25 February 2018.
  134. ^ "US company sues Cognizant for breach of contract - Times of India". The Times of India. Retrieved 4 March 2019.
  135. ^ "Cognizant Expands North American Delivery Center Footprint to Accommodate Rapid Growth". Retrieved 27 June 2012.
  136. ^ "Twitter status". Cognizant. 24 February 2011. Retrieved 27 June 2012.
  137. ^ "Teaneck N.J. information technology company agrees to pay more than $509,000 in back wages following U.S. Labor Department investigation". 30 March 2009. Archived from the original on 26 October 2011. Retrieved 27 June 2012.
  138. ^ Preston, Julia (25 January 2016). "Lawsuits Claim Disney Colluded to Replace U.S. Workers With Immigrants". The New York Times. Retrieved 26 January 2016.
  139. ^ Preston, Julia (13 October 2016). "Judge Says Disney Didn't Violate Visa Laws in Layoffs". The New York Times. Retrieved 13 October 2016.
  140. ^ Barket, Holly (19 January 2021). "Cognizant Technology Resolves Class Wages Suit for $5.7 Million". Bloomberg Law. Archived from the original on 2 July 2021. Retrieved 2 July 2021.
  141. ^ a b c d Newton, Casey (25 February 2019). "The secret lives of Facebook moderators in America". The Verge. Retrieved 20 June 2019.
  142. ^ Feiner, Lauren (25 February 2019). "Facebook content reviewers are coping with PTSD symptoms by having sex and doing drugs at work, report says". CNBC. Retrieved 20 June 2019.
  143. ^ Silverstein, Jason (25 February 2019). "Facebook vows to improve content reviewing after moderators say they suffered PTSD". CBS News. Retrieved 20 June 2019.
  144. ^ a b c d e f g h Newton, Casey (19 June 2019). "Three Facebook moderators break their NDAs to expose a company in crisis". The Verge. Retrieved 20 June 2019.
  145. ^ Technology Correspondent, Mark Bridge (20 June 2019). "Facebook worker who died of heart attack was under 'unworldly' pressure". The Times. ISSN 0140-0460. Retrieved 20 June 2019. {{cite news}}: |last1= has generic name (help)
  146. ^ Carbone, Christopher (20 June 2019). "Facebook moderator dies after viewing horrific videos, others share disturbing incidents: report". Fox News. Retrieved 21 June 2019.
  147. ^ Eadicicco, Lisa (19 June 2019). "A Facebook content moderator died after suffering heart attack on the job". San Antonio Express-News. Retrieved 20 June 2019.
  148. ^ Feiner, Lauren (19 June 2019). "Facebook content moderators break NDAs to expose shocking working conditions involving gruesome videos and feces smeared on walls". CNBC. Retrieved 20 June 2019.
  149. ^ Johnson, O’Ryan (19 June 2019). "Cognizant Getting $200M From Facebook To Moderate Violent Content Amid Allegations Of 'Filthy' Work Conditions: Report". CRN. Retrieved 20 June 2019.
  150. ^ Bufkin, Ellie (19 June 2019). "Report reveals desperate working conditions of Facebook moderators — including death". Washington Examiner. Retrieved 20 June 2019.
  151. ^ Malara, Neha; Rana, Akanksha (30 October 2019). "Facebook contractor Cognizant to exit some content moderation businesses". Reuters. Retrieved 31 October 2019.
  152. ^ Newton, Casey (30 October 2019). "A Facebook content moderation vendor is quitting the business after two Verge investigations". The Verge. Retrieved 31 October 2019.

Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Cognizant&oldid=1031719529"