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'{{For2|the general term|[[Cognizance (disambiguation)]]|the co-founder of Australian company Cognescent Corporation|[[Thomas Reardon]]}} {{Infobox company | name = Cognizants Technology Solutions Corporation | logo = Cognizant's_logo.svg | type = [[Public company|Public]] | traded_as = {{Unbulleted list|{{NASDAQ|CTSH}}|[[NASDAQ-100|NASDAQ Component]]|[[S&P 500|S&P 500 Component]]}} | industry = [[IT service management|IT services]], [[Information technology consulting|IT consulting]] | predecessor = [[Dun & Bradstreet]] | foundation = {{Start date and age|1994|01|26}} | founders = [[Kumar Mahadeva]]<ref name=Founders>{{cite web|url=https://economictimes.indiatimes.com/cognizant-founder-mahadeva-to-retire/articleshow/375817.cms|title=Cognizant founder Mahadeva to retire|publisher=Economic Times}}</ref> | key_people = [[Francisco D'Souza]] (CEO) | location_city = [[Teaneck, New Jersey]] | location_country = U.S. | area_served = Worldwide | services = [[Information Technology|IT Services]], [[business consulting]] and [[outsourcing]] services | revenue = {{increase}} {{US$|14.81 billion|link=yes}} (2017)<ref name=FY>{{cite web|url=https://www.sec.gov/Archives/edgar/data/1058290/000105829018000003/exhibit991123117.htm|title=2017 SEC Filing|publisher=SEC}}</ref> | operating_income = {{increase}} {{US$|2.48 billion}} (2017)<ref name=FY/> | net_income = {{decrease}} {{US$|1.50 billion}} (2017)<ref name=FY/> | assets = {{increase}} {{US$|15.22 billion}} (2017)<ref name=FY/> | equity = {{decrease}} {{US$|10.66 billion}} (2017)<ref name=FY/> | num_employees = 274,200 (2018 Q3)<ref>{{cite web|url=https://investors.cognizant.com/2018-10-30-Cognizant-Reports-Third-Quarter-2018-Results|title=Cognizant Reports Third Quarter 2018 Results|publisher=}}</ref> | homepage = {{URL|http://www.cognizant.com}} }} '''Cognizant''' is an American [[multinational corporation]] that provides IT services, including [https://www.upbranddigital.com/ digital], technology, consulting, and operations services. It is headquartered in [[Teaneck, New Jersey|Teaneck]], [[New Jersey]], United States. Cognizant is included in the [[NASDAQ-100]] and the [[S&P 500]] indices. It is also one of the fastest growing Fortune 500 companies. It was founded as an in-house technology unit of [[Dun & Bradstreet]] in 1994,<ref name="mishra">{{cite web|url=http://www.livemint.com/Companies/VduU2oUfVOTxR4MYarjjiJ/Cognizants-Francisco-DSouza-The-horizon-chaser.html|title=Cognizant’s Francisco D’Souza: The horizon chaser|first=Pankaj|last=Mishra|date=March 21, 2013|publisher=}}</ref> and started serving external clients in 1996.<ref name="mishra" /> After a series of corporate splits and restructures of its parent companies there was an [[initial public offering]] in 1998.<ref>{{cite web|url=https://www.crunchbase.com/ipo/cognizant-technology-solutions-ipo--ea9827a3|title=Retrieved on November 20, 2017 from crunchbase.com|publisher=}}</ref> Following the Y2K and dot-com boom of the late 1990s, when companies sharpened their focus on hard business parameters such as revenues and profits, the company grew by delivering critical application development and maintenance services. Cognizant had a period of fast growth during the 2000s, becoming a [[Fortune 500]] company in 2011.<ref>{{cite web |url=http://www.rediff.com/business/slide-show/slide-show-1-tech-cognizant-joins-the-fortune-500-club/20110506.htm |title=Cognizant joins the Fortune 500 club |date=May 6, 2011 |publisher=rediff |accessdate=June 27, 2012}}</ref> In 2015, the [[Fortune (magazine)|Fortune magazine]] named it as the world's fourth most admired [[IT services]] company.<ref>{{cite web |url=http://fortune.com/worlds-most-admired-companies/cognizant-technology-solutions-100000/ |title=World's Most Admired Companies (Information Technology services), 2015 |publisher=Fortune |accessdate=July 22, 2015}}</ref> In 2017, Cognizant was named in [[Fortune (magazine)|Fortune's]] Future 50 list.<ref>{{Cite web|url=http://news.cognizant.com/FortuneBlueRibbon-Dec20-2017|title=Cognizant in the News|website=News {{!}} Cognizant Technology Solutions|language=en|access-date=December 26, 2017}}</ref> == History == Cognizant began as Dun & Bradstreet [[Mahindra Satyam|Satyam]] Software (DBSS), <ref>{{Cite web|url=http://articles.economictimes.indiatimes.com/2010-11-06/news/27580858_1_cognizant-technology-solutions-corp-r-chandrasekaran-dbss|title='Cognizant is like a $4-billion tech startup'|access-date=August 26, 2016}}</ref>{{dead link|date=January 2019}}<ref name="DBSSRenamed">{{cite news |url=http://www.business-standard.com/article/specials/dun-bradstreet-satyam-to-be-rechristened-cognizant-tech-197020401001_1.html |title='Dun & Bradstreet Satyam To Be Rechristened Cognizant Tech |date=February 4, 1997 |publisher=Business Standard |accessdate=May 10, 2016}}</ref> 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.<ref name="forbes-contrarian">{{cite journal |url=https://www.forbes.com/forbes/1999/0614/6312172a.html |title=The contrarian |author=Silvia Sansoni |date=June 14, 1999 |journal=[[Forbes]] }}</ref> 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. 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.<ref name="nomodestambitions">{{cite news |url=http://www.expresscomputeronline.com/20011008/comwatch1.htm |title=No modest ambitions for Cognizant |date=October 8, 2011 |publisher=Express Computer |accessdate=June 27, 2012 |deadurl=yes |archiveurl=https://web.archive.org/web/20121130034656/http://www.expresscomputeronline.com/20011008/comwatch1.htm |archivedate=November 30, 2012 |df=mdy-all }}</ref><ref>{{cite news |url=http://www.business-standard.com/india/news/cognizant-back-in-searchsatyam/353949/ |title=Cognizant back in search of Satyam |date=April 4, 2009 |newspaper=Business Standard |accessdate=June 27, 2012}}</ref> Headquarters were moved to the United States, and in March 1998, [[Kumar Mahadeva]] was named CEO.<ref>{{cite web|url=http://www.rediff.com/money/2003/dec/22cognizant.htm|title=Kumar Mahadeva quits as Cognizant chief|publisher=}}</ref> Operating as a division of the Cognizant Corporation, the company mainly focused on Y2K-related projects and web development.<ref name="intldir59">International Directory of Company Histories, Vol.59. St. James Press, 2004.</ref> In 1998, the parent company, Cognizant Corporation, split into two companies: [[IMS Health]] and [[Nielsen Media Research]].<ref>{{cite news |url=https://www.nytimes.com/1998/01/16/business/dun-bradstreet-spinoff-will-split-in-two.html |title=Dun & Bradstreet Spinoff Will Split in Two |newspaper=The New York Times |date=January 16, 1998 |accessdate=June 27, 2012}}</ref> 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 for. They earmarked the money for debt payments and upgrading company offices.<ref name="intldir59"/> 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, 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.<ref name="forbes-contrarian"/> Cognizant's revenues in 2002 were $229 million, and the company had zero debt with $100 million in the bank.<ref name="intldir59"/> During the [[dot-com bubble|dotcom bust]], the company grew by taking on the maintenance projects that larger IT services companies did not want.<ref name="CognizantRising">{{cite news |url=http://www.thehindubusinessline.com/features/life/article2874831.ece |title=Cognizant rising by Chennai beach |author=Rasheeda Bhagat |date=February 9, 2012 |newspaper=The Hindu |accessdate=June 27, 2012}}</ref> [[File:Cognizant logo.svg|alt=Cognizant's old logo|thumb|Cognizant's old logo]] In 2003, IMS Health sold its entire 56% stake in Cognizant, which instituted a [[poison pill]] provision to prevent [[hostile takeover]] attempts.<ref name="intldir59" /><ref>[http://www.rediff.com/money/2002/nov/16cog.htm IMS sees some positive impact from Cognizant sale] by Eric Auchard. Rediff, November 16, 2002 | 1149 IST.</ref> Kumar Mahadeva resigned as the CEO in 2003, and was replaced by [[Lakshmi Narayanan]].<ref>{{cite news |url=http://www.thehindubusinessline.in/2003/12/23/stories/2003122302000700.htm |title=Cognizant founder steps down |newspaper=The Hindu Business Line |accessdate=June 27, 2012}}</ref> Gradually, the company's services portfolio expanded across the IT services landscape and into [[business process outsourcing]] (BPO) and [[Management consulting|business consulting]]. Lakshmi Narayanan was succeeded by the Kenya-born [[Francisco D'Souza]] in 2006. Cognizant experienced a period of fast growth during the 2000s, as reflected by its appearance in ''[[Fortune (magazine)|Fortune]]'' magazine's "100 Fastest-Growing Companies" list for ten consecutive years from 2003 to 2012.<ref>{{cite web |url=http://money.cnn.com/galleries/2011/fortune/1109/gallery.fastest_growing_all_stars.fortune/index.html |title=Fastest-growing: 16 all-stars |author=Anne VanderMey |date=September 14, 2011 |publisher=Forbes |accessdate=June 27, 2012}}</ref><ref>{{cite web |url=http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/11353.html |title=Cognizant in Fortune 500 |publisher=Fortune |accessdate=June 27, 2012}}</ref> In September 2014, Cognizant struck its biggest deal, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion.<ref>{{cite news| url=http://www.btvin.com/videos/watch/8801/cognizant-acquires-trizetto| title= Cognizant Acquires TriZetto| date= September 15, 2014 | publisher= [[Bloomberg TV India]]}}</ref> Cognizant Shares, rose nearly 3 percent in pre-market trading.<ref>{{cite web |url=https://www.reuters.com/article/us-trizetto-m-a-cognizant-tech/cognizant-to-buy-trizetto-to-boost-healthcare-business-idUSKBN0HA0U720140915 |title=Cognizant to buy TriZetto to boost healthcare business |publisher=Reuters |accessdate=September 15, 2014}}</ref> Cognizant focuses on three key service lines across various industries — Digital Business, Digital Operations, and Digital Systems & Technology.<ref>{{Cite news|url=https://www.cognizant.com/services|title=Digital Transformation Services {{!}} Cognizant|access-date=December 26, 2017}}</ref> == Acquisitions == {| class="wikitable sortable" |- ! width="25%" | Company acquired ! width="15%" | Country ! width="15%" data-sort-type="usLongDate" | Date ! width="40%" | Business ! width="5%" | Reference |- |Oy Samlink |{{flagicon|Finland}} Finland |January, 2019 |Technology Provider |<ref>{{Cite web|url=https://www.finextra.com/newsarticle/33247/cognizant-to-acquire-finnish-bank-backed-oy-samlink|title=Cognizant to acquire Finnish bank-backed Oy Samlink|date=2019-01-23|website=Finextra Research|language=en|access-date=2019-01-23}}</ref> |- |Mustache |{{flagicon|USA}} USA |December 2018 |Digital Agency |<ref>{{Cite web|url=https://news.cognizant.com/2018-12-11-Cognizant-to-Acquire-Mustache-a-New-York-Based-Creative-Content-Agency|title=Cognizant to Acquire Mustache, a New York-Based Creative Content Agency|website=News {{!}} Cognizant Technology Solutions|access-date=2018-12-11}}</ref> |- |Softvision |{{flagicon|USA}} USA |October 2018 |Digital Solutions |<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/cognizant-to-acquire-digital-engineering-leader-softvision-300723975.html|title=Cognizant to Acquire Digital Engineering Leader Softvision|last=Cognizant|website=www.prnewswire.com|language=en|access-date=2018-10-04}}</ref> |- |Advanced Technology Group |{{flagicon|USA}} USA |September 2018 |CRM Consulting |<ref>{{Cite news|url=https://news.cognizant.com/2018-09-18-Cognizant-to-Acquire-Advanced-Technology-Group-to-Expand-Cloud-Quote-to-Cash-Capabilities|title=Cognizant to Acquire Advanced Technology Group to Expand Cloud Quote-to-Cash Capabilities|work=News {{!}} Cognizant Technology Solutions|access-date=September 18, 2018}}</ref> |- |SaaSFocus |{{flagicon|Australia}} Australia |August 2018 |CRM Consulting |<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/ites/cognizant-to-buy-saasfocus-to-boost-asia-pac-business/articleshow/65512261.cms|title=Cognizant to buy SaasFocus to boost Asia-Pac business|last=Mendonca|first=Jochelle|date=August 23, 2018|work=The Economic Times|access-date=August 24, 2018}}</ref> |- |Hedera Consulting |{{flagicon|Belgium}} Belgium |May 2018 |Consulting |<ref>{{Cite news|url=http://news.cognizant.com/2018-05-02-Cognizant-Acquires-Hedera-Consulting-a-Belgian-Advisory-and-Analytics-Company|title=Cognizant Acquires Hedera Consulting, a Belgian Advisory and Analytics Company|work=News {{!}} Cognizant Technology Solutions|access-date=May 2, 2018}}</ref> |- |Bolder Healthcare Solutions |{{flagicon|USA}} USA |March 2018 |Health Care IT |<ref>{{Cite news|url=https://investors.cognizant.com/2018-03-12-Cognizant-to-Acquire-Bolder-Healthcare-Solutions-to-Expand-Revenue-Cycle-Management-Services-for-Providers|title=Cognizant to Acquire Bolder Healthcare Solutions to Expand Revenue Cycle Management Services for Providers|work=Cognizant Technology Solutions : Investors|access-date=March 12, 2018}}</ref> |- |Zone |{{flagicon|UK}} UK |October 2017 |Digital Agency |<ref>{{Cite news|url=http://www.thedrum.com/news/2017/10/26/us-it-company-cognizant-snaps-up-digital-indy-zone|title=US IT company Cognizant snaps up digital indy Zone|work=The Drum|access-date=October 26, 2017|language=en}}</ref> |- |Netcentric |{{flagicon|Switzerland}} Switzerland |October 2017 |Digital Marketing |<ref>{{Cite web|url=https://cio.economictimes.indiatimes.com/news/corporate-news/cognizant-to-acquire-digital-marketing-expert-netcentric/61213594|title=Cognizant to acquire digital marketing expert Netcentric - ET CIO|last=www.ETCIO.com|website=ETCIO.com|language=en|access-date=October 26, 2017}}</ref> |- |<nowiki>T2C | Top Tier Consulting</nowiki> |{{flagicon|USA}} USA |September 2017 |Healthcare Consulting |<ref>{{Cite web|url=https://twitter.com/T2CConsulting/status/905083429586337793|title=Top Tier Consulting is proud to bring our management consulting talent and healthcare expertise to the @Cognizant family of companies|last=Consulting|first=Top Tier|date=<!--8:01 AM - -->September 5, 2017|website=@T2CConsulting|language=en|access-date=September 22, 2017}}</ref> |- |TMG Health |{{flagicon|USA}} USA |June 2017 |Health Care IT |<ref>{{Cite news|url=http://economictimes.indiatimes.com/tech/ites/cognizant-to-buy-tmg-health-for-undisclosed-amount/articleshow/59129390.cms|title=Cognizant to buy TMG Health for undisclosed amount|last=Mendonca|first=Jochelle|date=June 13, 2017|work=The Economic Times|access-date=June 13, 2017}}</ref> |- |BrilliantService |{{flagicon|Japan}} Japan |March 2017 |Intelligent Products, Internet of things |<ref>{{Cite news|url=http://www.thehindubusinessline.com/info-tech/cognizant-acquires-japans-brilliant-service/article9566721.ece|title=Cognizant acquires Japan’s Brilliant Service |newspaper=Business Line|access-date=March 2, 2017}}</ref> |- |Adaptra |{{flagicon|Australia}} Australia |December 2016 |Insurance Consulting, Project Management |<ref>{{Cite news|url=http://www.businessinsider.com/r-brief-cognizant-to-buy-adaptra-2016-12?IR=T|title=BRIEF-Cognizant to buy Adaptra|newspaper=Business Insider|access-date=December 16, 2016}}</ref> |- |Nova IT |{{flagicon|Australia}} Australia |December 2016 |HR Services |<ref>{{Cite web|url=http://www.novait.com.au |title=About Nova IT|website=www.novait.com.au|access-date=January 23, 2017 |archive-url=https://archive.is/20170123071912/http://www.novait.com.au/ |archive-date=January 23, 2017 |deadurl=yes}}</ref> |- |KIS Information Services (KIS) |{{flagicon|Germany}} Germany |December 2016 |IT Services |<ref>{{Cite web|url=http://www.edmontonjournal.com/business/cnw/release.html?rkey=20161201C3508&filter=5599|title=CNW Group|website=www.edmontonjournal.com|access-date=December 2, 2016}}</ref> |- | [[Mirabeau (company)|Mirabeau BV]] | {{flagicon|Netherlands}} Netherlands | November 2016 | Digital Marketing, Customer Experience |<ref>{{Cite web|url=http://www.prnewswire.com/news-releases/cognizant-to-acquire-digital-marketing-and-customer-experience-agency-mirabeau-bv-300369280.html|title=Cognizant to Acquire Digital Marketing and Customer Experience Agency Mirabeau BV|last=Cognizant|website=www.prnewswire.com|access-date=November 29, 2016}}</ref> |- | Frontica Business Solutions | {{flagicon|Norway}} Norway | October 2016 | IT Services & Solutions |<ref>{{cite web|url=http://www.frontica.com/en/newsroom/2016/akastor-agrees-to-sell-frontica-business-solutions-to-cognizant/|publisher=Frontica|title=Akastor agrees to sell Frontica Business Solutions to Cognizant!|deadurl=yes|archiveurl=https://web.archive.org/web/20170111161226/http://www.frontica.com/en/newsroom/2016/akastor-agrees-to-sell-frontica-business-solutions-to-cognizant/|archivedate=January 11, 2017|df=mdy-all}}</ref><ref>{{Cite news|url=https://globenewswire.com/news-release/2016/11/28/893150/0/en/Akastor-ASA-Akastor-Completes-Sale-of-Frontica-Business-Solutions-to-Cognizant.html|title=Akastor ASA: Akastor Completes Sale of Frontica Business Solutions to Cognizant|last=Akastor|newspaper=GlobeNewswire News Room|language=en-US|access-date=November 29, 2016}}</ref> |- | [[Idea Couture]] | {{flagicon|Canada}} Canada | July 2016 | Digital Services (Innovation and Experience Design) |<ref>{{cite web|url=https://finance.yahoo.com/news/cognizant-acquires-idea-couture-digital-100000284.html|publisher=Yahoo!|title=Cognizant Acquires Idea Couture, a Digital Innovation, Strategy, and Design Firm!|deadurl=yes|archiveurl=https://web.archive.org/web/20170215114031/https://finance.yahoo.com/news/cognizant-acquires-idea-couture-digital-100000284.html|archivedate=February 15, 2017|df=mdy-all}}</ref> |- | Heliocentric | {{flagicon|El Salvador}} El Salvador | May 2016 | BPO Services |<ref>{{cite web|url=https://twitter.com/CognizantSV/status/737664714549776384 |publisher=Twitter|title=We are starting a new phase for our company!}}</ref> |- | Quick Left Inc. | {{flagicon|USA}} USA | May 2016 | Mobile & Web Apps |<ref>{{cite web|url=https://quickleft.com/blog/quick-lefts-right-turn-cognizant |publisher=Quick Left|title=Quick Left’s Right Turn – To Cognizant}}</ref> |- | ReD Associates | {{flagicon|Denmark}} Denmark | April 2016 | Human Sciences |<ref>{{cite web|url=http://www.business-standard.com/article/companies/cognizant-acquires-49-ownership-in-red-associates-116042800727_1.html|publisher=Business Standard|title=Cognizant acquires 49% ownership in ReD Associates}}</ref> |- | KBACE Technologies | {{flagicon|USA}} USA | January 2016 |Oracle Cloud, ERP |<ref>{{cite web|url=http://news.cognizant.com/2016-01-27-Cognizant-Acquires-KBACE-Technologies-to-Enable-Clients-to-Accelerate-Journey-to-Cloud-and-Improve-Business-Agility|title=Cognizant Acquires KBACE Technologies to Enable Clients to Accelerate Journey to Cloud and Improve Business Agility|publisher=}}</ref> |- | Storebrand Baltic | {{flagicon|Lithuania}} Lithuania | Nov 2015 | Lithuanian IT unit of Norway’s [[Storebrand]] |<ref>{{cite web|url=http://www.baltic-course.com/eng/Technology/?doc=112653|title=US Cognizant to acquire 66% shares in Lithuania’s Storebrand}}</ref> |- |[[CNO Financial Group]] (India) |{{flagicon|India}} India |Feb 2015 |IT Application Development |<ref>{{Cite web|url=http://www.indiainsurance.co/blog/general-insurance/insurance-services-company-cno-sells-india-operations-cognizant/|title=Insurance Company CNO Sells India Operations To Cognizant|website=www.indiainsurance.co|access-date=October 17, 2016|archive-url=https://web.archive.org/web/20170111163030/http://www.indiainsurance.co/blog/general-insurance/insurance-services-company-cno-sells-india-operations-cognizant/|archive-date=January 11, 2017|dead-url=yes|df=mdy-all}}</ref> |- | Odecee | {{flagicon|Australia}} Australia | November 2014 |IT, Consulting and BPO services |<ref>{{cite web|url=http://www.businessspectator.com.au/news/2014/11/12/technology/cognizant-odyssey-new-acquisition|title=Cognizant on an odyssey with new acquisition|publisher=}}</ref> |- | Cadient Group | {{flagicon|USA}} USA | October 2014 |Digital Healthcare |<ref>{{cite web|url=http://economictimes.indiatimes.com/tech/ites/cognizant-acquires-digital-marketing-agency-cadient-group/articleshow/44606941.cms|title=Cognizant acquires digital marketing agency Cadient Group|work=timesofindia-economictimes}}</ref> |- | TriZetto Corp | {{flagicon|USA}} USA | September 2014 |Healthcare Payer Software, Provider Revenue Cycle Software (Consulting, Software, BPO, Hosting) |<ref>{{cite web|url=http://www.trizetto.com/NewsEvents/PressReleases/PressRelease.aspx?id=7701|title=Cognizant News & Events - Cognizant Press Releases - Cognizant Technology Solutions|publisher=}}</ref> |- | itaas Interactive TV Solutions | {{flagicon|USA}} USA | April 2014 |Digital Video services |<ref>{{cite web|url=http://timesofindia.indiatimes.com/tech/tech-news/Cognizant-buys-US-video-solutions-company/articleshow/34105769.cms|title=Cognizant buys US video solutions company|work=The Times of India}}</ref> |- | ValueSource Technologies | {{flagicon|India}} India | October 2013 |IT services |<ref>{{cite news |url=http://www.tijd.be/nieuws/ondernemingen_financien/KBC_verkoopt_ValueSource_aan_Cognizant.9415036-3095.art|title=KBC verkoopt ValueSource aan Cognizant|date=October 3, 2013|accessdate=October 3, 2013}}</ref> |- | Equinox Consulting | {{flagicon|France}} France | October 2013 |Financial Services Consulting Firm |<ref>{{cite news |url=http://news.cognizant.com/2013-10-02-Cognizant-Acquires-Equinox-Consulting-a-Financial-Services-Consulting-Firm-in-France|title=Cognizant Acquires Equinox Consulting, a Financial Services Consulting Firm in France|date=October 2, 2013|accessdate=October 2, 2013}}</ref> |- |SourceNet Solutions |{{flagicon|USA}} USA |May 2013 |BPS for Finance & Accounting |<ref>{{Cite news|url=http://zeenews.india.com/business/news/companies/cognizant-q2-net-up-19-raises-full-year-revenue-guidance_81447.html|title=Cognizant Q2 Net up 19%; raises full-year revenue guidance|date=August 6, 2013|newspaper=Zee News|access-date=December 3, 2016}}</ref> |- |QBridge |{{flagicon|USA}} USA |Jan 2013 |Marketing Automation |<ref>{{Cite journal|last=|first=|date=|title=Cognizant Marketing BPS Services|url=https://research.nelson-hall.com/get_file.php?fn=Cognizant_marketing_abstract_15_07_16.pdf&fsh=62edfde5467d5ad9013b286f554148a5&type=toc|journal=Nelson Hall|volume=|pages=|via=}}</ref><ref>{{Cite web|url=https://www.trademarkia.com/qbridge-85272875.html|title=Apply for a Trademark. Search a Trademark|website=trademarkia.com|language=en|access-date=April 20, 2018}}</ref> |- | C1 group (6 companies) | {{flagicon|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 |<ref>{{cite news |url=http://news.cognizant.com/2012-12-21-Cognizant-to-Acquire-Six-Companies-of-the-C1-Group-a-Leading-German-Consulting-and-IT-Services-Group|title=Cognizant to Acquire Six Companies of the C1 Group, a Leading German Consulting and IT Services Group|date=December 21, 2012|accessdate=January 5, 2013}}</ref> |- |Medicall |{{flagicon|Philippines}}Philippines |November 2012 |Medical Transcription |<ref>{{Cite news|url=http://www.telegraphindia.com/1130208/jsp/business/story_16537028.jsp|title=Cognizant net up 16%|newspaper=The Telegraph|access-date=November 30, 2016}}</ref> |- |Excellence Data Research |{{flagicon|India}} India |August 2012 |Market Research |<ref>{{Cite web|url=https://www.indiancompany.info/company/excellence-data-research-private-limited/|title=EXCELLENCE DATA RESEARCH PRIVATE LIMITED {{!}} Indian Company Info|website=www.indiancompany.info|access-date=November 30, 2016}}{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> |- | ING US | {{flagicon|USA}} USA | June 2012 | Technology |<ref>{{cite news |url=http://www.livemint.com/Companies/J1PrF8klZs48ASRd5TSoVK/Cognizant-ING-US-in-330-mn-pact.html|title=Cognizant, ING US in $330 mn pact |date=June 15, 2012|accessdate=July 4, 2016}}</ref> |- | Zaffera | {{flagicon|USA}} USA | September 2011 | SAP Consulting |<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2011-09-28/news/30208833_1_francisco-d-souza-r-chandrasekaran-retail-space |title=Cognizant buys Zaffera, a US SAP consulting Company for an undisclosed value |date=September 28, 2011 |newspaper=The Economic Times |accessdate=June 27, 2012}}</ref> |- | CoreLogic India | {{flagicon|India}} India | July 2011 | Mortgage processing |<ref>{{cite news |url=http://www.dnaindia.com/money/report_cognizant-to-acquire-corelogics-indian-business_1569771 |title=Cognizant to acquire CoreLogic’s Indian business |date=July 27, 2011 |author=Suparna Goswami Bhattacharya |newspaper=[[Daily News and Analysis|DNA]] |accessdate=June 27, 2012}}</ref> |- | Galileo Performance | {{flagicon|France}} France | June 2010 | Consulting related to the measurement, management and continuous optimization of IT system performance |<ref>{{cite news |url=http://www.business-standard.com/india/news/cognizant-buys-paris-based-galileo-performance/398654/ |title=Cognizant buys Paris-based Galileo Performance |date=June 18, 2010 |newspaper=Business Standard |accessdate=June 27, 2012}}</ref> |- | PIPC Group | {{flagicon|UK}} UK | May 2010 | Program & Project Management Consulting |<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2010-05-10/news/27571473_1_francisco-d-souza-tuck-in-acquisition-strategy-smoother-process |title=Cognizant acquires PIPC |date=May 10, 2009 |newspaper=The Economic Times |accessdate=June 27, 2012}}</ref> |- | [[UBS]] India Service Center | {{flagicon|India}} India | October 2009 | Business process outsourcing, industry research |<ref>{{cite news |url=http://timesofindia.indiatimes.com/business/india-business/Cognizant-acquires-India-unit-of-UBS-for-75m/articleshow/5129190.cms |title=Cognizant acquires India unit of UBS for $75m |date=October 16, 2010 |newspaper=The Times of India |accessdate=June 27, 2012}}</ref> |- | Pepperweed Advisors | {{flagicon|USA}} US | September 2009 | Business Consulting, Program Management |<ref>{{cite news |url=http://www.hindu.com/2009/09/09/stories/2009090960761600.htm |title=Cognizant buys Pepperweed Advisors |date=September 9, 2009 |newspaper=The Hindu |accessdate=June 27, 2012}}</ref> |- | Invensys Rail R&D India & Invensys Operations Managed R&D Center India | {{flagicon|India}} India | July 2009 | Product Research & Engineering, Manufacturing |<ref>{{Cite news|url=http://www.thehindubusinessline.com/info-tech/cognizant-buys-belgian-bank-insurance-firms-arm-valuesource/article5196876.ece|title=Cognizant buys Belgian bank insurance firm’s arm ValueSource|last=Bureau|first=Our|date=October 3, 2013|newspaper=The Hindu Business Line|access-date=November 11, 2016}}</ref> |- | Active Intelligence | {{flagicon|Canada}} Canada | February 2009 | Consulting, implementation and support services for Oracle Retail Merchandising, Planning and Optimization suite |<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2009-02-11/news/27648345_1_geographic-footprint-retail-practice-consulting-capabilities |title=Cognizant acquires Canada consulting firm Active Intelligence |author=Chandra Ranganathan |date=February 11, 2009 |newspaper=Economic Times |accessdate=June 27, 2012}}</ref> |- | Strategic Vision Consulting | {{flagicon|USA}} US | June 2008 | Business Consulting for media and entertainment companies |<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2008-06-10/news/28456977_1_francisco-d-souza-media-and-entertainment-svc |title=Cognizant acquires US firm SVC |date=June 10, 2008 |newspaper=The Economic Times |accessdate=June 27, 2012}}</ref> |- | T-Systems India | {{flagicon|Germany}} Germany | March 2008 | System Integration |<ref>{{cite news |url=http://www.business-standard.com/article/technology/cognizant-tech-to-buy-t-system-s-india-business-108030601108_1.html |title=Cognizant Tech to buy T-System's India business |date=March 8, 2008 |newspaper=Business Standard |accessdate=July 4, 2016}}</ref> |- | marketRx | {{flagicon|USA}} US | November 2007 | Life Sciences Analytics, healthcare [[Knowledge Process Outsourcing|KPO]] |<ref>{{cite news |url=http://www.hindustantimes.com/News-Feed/Business/Cognizant-to-acquire-marketRX-for-135-m/Article1-253286.aspx |title=Cognizant to acquire marketRX for $135 m |date=October 20, 2007 |author=Narayanan Madhavan |newspaper=Hindustan Times |accessdate=June 27, 2012 |deadurl=yes |archiveurl=https://web.archive.org/web/20120901213151/http://www.hindustantimes.com/News-Feed/Business/Cognizant-to-acquire-marketRX-for-135-m/Article1-253286.aspx |archivedate=September 1, 2012 |df=mdy-all }}</ref> |- | AimNet | {{flagicon|USA}} US | September 2006 | IT infrastructure services |<ref>{{cite news |url=http://www.thehindubusinessline.in/2006/09/07/stories/2006090703490400.htm |title=Cognizant acquires US co AimNet |date=September 7, 2006 |newspaper=The Hindu Business Line |accessdate=June 27, 2012 |archive-url=https://web.archive.org/web/20130502181041/http://www.thehindubusinessline.in/2006/09/07/stories/2006090703490400.htm |archive-date=May 2, 2013 |dead-url=yes |df=mdy-all }}</ref> |- | Fathom Consulting | {{flagicon|Canada}} Canada | April 2005 | Telecom & Automotive IT Services |<ref name="fathom">{{cite web |url=http://www.rediff.com/money/2005/apr/18cog.htm |title=Cognizant buys Fathom for $35 mn |date=April 18, 2005 |publisher=rediff.com |accessdate=June 27, 2012}}</ref> |- | Ygyan Consulting | {{flagicon|India}} India | February 2004 | [[SAP ERP|SAP]] consulting |<ref>{{cite news |url=http://www.financialexpress.com/news/cognizant-tech-acquires-pune-sap-firm-for-2-mn/100050 |title=Cognizant Tech Acquires Pune SAP Firm For $2 Mn |date=February 23, 2004 |newspaper=The Financial Express |accessdate=June 27, 2012}}</ref> |- | Infopulse | {{flagicon|Netherlands}} Netherlands | December 2003 | IT services |<ref>{{cite news |url=http://www.financialexpress.com/news/cognizant-acquires-infopulse-for-5-m/49756/ |title=Cognizant Acquires Infopulse For $5 M |date=December 3, 2003 |newspaper=The Financial Express |accessdate=June 27, 2012}}</ref> |- | Aces International | {{flagicon|USA}} US | April 2003 | [[Siebel Systems|Siebel CRM]] consulting |<ref name="fathom"/> |- | American Express Travel-related Services account from Silverline Technologies | {{flagicon|USA}} US | Sep 2002 | Financial services |<ref>{{cite news |url=http://www.financialexpress.com/news/cognizant-acquires-american-express/58816/ |title=Cognizant Acquires American Express |date=September 22, 2012 |newspaper=The Financial Express |accessdate=June 27, 2012}}</ref> |- | UnitedHealthcare Ireland Limited | {{flagicon|Ireland}} Ireland | June 2002 | Healthcare services (a subsidiary of the [[UnitedHealth Group]]) |<ref>{{cite news |url=http://www.thehindubusinessline.in/2002/06/11/stories/2002061101910700.htm |title=Cognizant centre in Ireland |date=June 11, 2002 |newspaper=The Hindu Business Line |accessdate=June 27, 2012}}</ref> |} == 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, analytics, [[business intelligence]], [[data warehousing]], [[customer relationship management]], [[supply chain management]], engineering & manufacturing solutions, [[enterprise resource planning]], [[research and development]] outsourcing, and [[software testing|testing]] solutions. Cognizant has three key practice areas that span its business — Digital Business, Digital Operations, and Digital Systems & Technology.<ref>Cognizant Annual report 2016</ref> == Business model == [[File:Cognizant-Chennai.jpg|thumb|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 center]]s 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 integrator]]s ([[Accenture]], [[BearingPoint]], [[Capgemini]], [[E&Y]], [[Deloitte]] and [[IBM]]), but at lower prices.<ref name="The-India-Way-2010">{{cite book |isbn=978-1-4221-4759-7 |author=Peter Cappelli |author2=Michael Useem|authorlink2=Michael Useem |author3=Harbir Singh |author4=Jitendra Singh |title=The India way |year= 2010 |publisher=Harvard Business Press |pages=138–143 }}</ref> Cognizant was ranked at 195 in Fortune top 200 list of 2018. Cognizant's excellence and shift to digital marketing, digital platforms interests and expertise in nearly all the leading database, digital marketing and emerging technologies has fetched it an eminent position across the globe. == Operations == === Regions === The company has more than 261,400 employees globally, of which over 150,000 are in India across 10 locations with a plurality in [[Chennai]]. The other centers of the company are in [[Bangalore]], [[Coimbatore]], [[Gurgaon]], [[Noida]], [[Hyderabad, India|Hyderabad]], [[Kochi]], [[Kolkata]],<ref>{{cite web|url=http://business-standard.com/india/news/bengal-it-minister-tells-cognizant-growth-story-to-lure-infy-wipro-/465196/|title=Bengal IT minister tells Cognizant growth story to lure Infy, Wipro|author=Swati Garg|date=February 20, 2012|publisher=}}</ref> [[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.<ref>{{cite web|url=http://www.cognizant.com/contactus|title=Contact Us - Cognizant Technology Solutions|publisher=}}</ref> === Business units === Cognizant is organized into several [[vertical market|verticals]] and [[horizontal market|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 consulting|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. According to the 2015 financial statements, the major portion of Cognizant's revenues is derived from clients in the Financial Services (40.3%) and Healthcare (29.5%) industries. Other substantial revenue sources include clients from Manufacturing, Retail & Logistics (18.9%) and Communications, Information, Media & Entertainment and Technology (11.3%) industries. By geography, most of the revenue is derived from North America (78.6%) and Europe (16.2%).<ref name="auto">{{cite web|url=https://www.cognizant.com/content/dam/Cognizant_Dotcom/about-cognizant-resources/Cognizant_Annual_Report_2015.pdf|title=Cognizant Technology Solutions : Annual Report 2015|publisher=Cognizant|}}</ref> == Corporate affairs == === Marketing and branding === The company's flagship customer conference is Cognizant Community. It is held annually in the United States, Europe, Australia and Asia (Singapore, India and Japan). The summit, which features notable keynote speakers in the world of business, technology, economics and even adventure sports, has been praised as "a model industry event".<ref>{{cite web |url=http://dealarchitect.typepad.com/deal_architect/2011/03/cognizant-community-a-model-industry-event.html |title=Cognizant Community: a model industry event |date=March 15, 2011 |publisher=Vinnie Mirchandani |accessdate=June 27, 2012}}</ref> === Finance === Cognizant was listed on NASDAQ in 1998, and added to the [[NASDAQ-100]] Index in 2004. After the close of trading on November 16, 2006, Cognizant moved from the mid cap [[S&P 400]] to the [[S&P 500]]. The company claims it is in excellent financial health, reporting over $2.6 billion in cash and short term investments for the quarter ending September 30, 2012.<ref>{{cite web |url=https://www.google.com/finance?q=NASDAQ:CTSH&fstype=ii |title=Cognizant (CTSH) Financials |publisher=Google Finance |accessdate=January 4, 2013}}</ref> ===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.<ref>[http://www.csrworld.net/cognizant-csr.html CSR World] {{webarchive|url=https://web.archive.org/web/20120617045349/http://www.csrworld.net/cognizant-csr.html |date=June 17, 2012 }}. Last accessed on March 6, 2012.</ref><ref>{{cite web|url=http://www.thehindubusinessline.com/todays-paper/tp-info-tech/article1661168.ece|title=Cognizant Foundation extends aid to five NGOs|work=The Hindu Business Line}}</ref> 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-governmental organization|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.<ref>{{cite news |url=http://www.thehindu.com/todays-paper/tp-features/tp-downtown/article487785.ece |title=Cognizant Outreach distributes notebooks |date=June 27, 2010 |newspaper=The Hindu |accessdate=June 27, 2012}}</ref><ref>{{cite news |url=http://www.hindu.com/edu/2011/03/14/stories/2011031450050300.htm |title=Industry insights from Cognizant for AUT faculty |date=May 14, 2011 |newspaper=The Hindu |accessdate=June 27, 2012}}</ref> At the 2011 [[Maker Faire]], the company announced plans to fund a ''Maker Space'' at the [[New York Hall of Science]], a ''Making the Future'' after-school program and a partnership with [[Citizen Schools]] to promote [[STEM fields|STEM education]] in the United States.<ref>{{cite web |url=http://news.cognizant.com/index.php?s=14083&item=20312 |title=Cognizant to Unveil 'Making the Future' STEM Education Initiative at World Maker Faire, New York Hall of Science |accessdate=June 27, 2012}}</ref><ref>{{cite news |url=http://www.bizjournals.com/boston/news/2011/12/12/cognizant-810k-to-museum-of-science.html |title=Cognizant to donate $810K to Museum of Science for STEM |author=Mary Moore |date=December 12, 2011 |newspaper=Boston Business Journal |accessdate=June 27, 2012}}</ref> In 2012 Cognizant Foundation made donation to Vidnyanvahini, a not-for-profit organization located in Pune in India for its Mobile Science Laboratory (MSL). === Environmental record === Cognizant's sustainability efforts include a ''Go Green'' initiative launched in 2008 focused on [[energy conservation]], [[recycling]], and responsible [[waste management]].<ref>[http://www.mb.com.ph/articles/330700/p-rate-stands-p42641 Cognizant goes for green I.T.] Manila Bulletin. August 15, 2011.</ref> In October 2012, ''Newsweek'' magazine ranked Cognizant 50th among the 500 largest publicly traded companies in America, in its annual Green Rankings.<ref>{{cite news |url=http://www.thedailybeast.com/newsweek/2012/10/22/newsweek-green-rankings-2012-global-500-list.html |title=Newsweek Green Rankings 2012 |accessdate=January 5, 2013}}</ref> ===Fortune 500=== {| class="wikitable" |- ! Year !! Rank |- |2018 |195<ref>{{Cite web|url=http://fortune.com/fortune500/list/filtered?searchByName=Cognizant|title=Fortune 500 Companies 2018: Who Made the List|website=Fortune|language=en-US|access-date=May 21, 2018}}</ref> |- |2017 |205<ref>{{Cite web|url=http://news.cognizant.com/Fortune500-Jun7-2017|title=Cognizant in the News|website=News {{!}} Cognizant Technology Solutions|language=en|access-date=June 7, 2017}}</ref> |- | 2016|| 230<ref>{{cite web|title=2015 Fortune 500 rank|url=http://fortune.com/fortune500/cognizant-technology-solutions-230|publisher=Fortune|accessdate=June 6, 2016}}</ref> |- | 2015|| 288<ref>{{cite web|title=2015 Fortune 500 rank|url=http://fortune.com/fortune500/cognizant-technology-solutions-288|publisher=CNN Money|accessdate=June 29, 2015}}</ref> |- | 2014|| 308<ref>{{cite web|title=2012 Fortune 600 rank|url=http://fortune.com/fortune500/cognizant-technology-solutions-corporation-308|publisher=CNN Money|accessdate=June 6, 2014}}</ref> |- | 2013|| 352<ref>{{cite web|title=2012 Fortune 500 rank|url=http://money.cnn.com/magazines/fortune/fortune500/2013/snapshots/11353.html?iid=F500_fl_list|publisher=CNN Money|accessdate=May 13, 2013|deadurl=yes|archiveurl=https://web.archive.org/web/20131220235339/http://money.cnn.com/magazines/fortune/fortune500/2013/snapshots/11353.html?iid=F500_fl_list|archivedate=December 20, 2013|df=mdy-all}}</ref> |- | 2012 || 398<ref>{{cite web|title=2012 Fortune 500 rank|url=http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/11353.html|publisher=CNN Money|accessdate=May 13, 2013}}</ref> |- | 2011 || 484<ref name="2011 Fortune 500 rank">{{cite web|title=2011 Fortune 500 rank|url=http://money.cnn.com/magazines/fortune/fortune500/2011/full_list/401_500.html|publisher=CNN Money|accessdate=May 29, 2013}}</ref> |- |} == Executive Leadership == Cognizant is led by [[Francisco D'Souza]] (CEO), Rajeev Mehta (President) and Karen McLoughlin (CFO). Others in the Executive Leadership team include Malcolm Frank, Ramakrishnan Chandrasekaran (Chandra), Srinivasan Veeraraghavachary, Debashis Chatterjee (DC), Ramakrishna Prasad Chintamaneni.<ref>{{Cite news|url=https://www.cognizant.com/about-cognizant/executive-leadership|title=Senior Management—Executive Leadership Team {{!}} Cognizant|access-date=August 20, 2018}}</ref> == Controversies == ===Outsourcing controversy and hiring in the U.S.=== Cognizant leads the ranks of [[H1B visa#Employers ranked by H-1B visas approved|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]].<ref>{{cite web|url=http://news.cognizant.com/index.php?s=14083&item=20272|title=Cognizant Expands North American Delivery Center Footprint to Accommodate Rapid Growth|accessdate=June 27, 2012}}</ref> In February 2011, Cognizant said it had 60 full-time recruiters actively hiring in the U.S.<ref>{{cite web|url=https://www.twitter.com/Cognizant/status/40842155698159616|title=Twitter status|date=February 24, 2011|publisher=Cognizant|accessdate=June 27, 2012}}</ref> In 2009, an investigation by the [[United States Department of Labor|US Department of Labor]] (DoL) found Cognizant in violation of the H-1B provisions of the Immigration and Nationality Administrative Act. 67 of its workers underpaid due to unintentional administrative errors, according to Cognizant. The DoL investigation revealed that Cognizant had achieved 99.7% compliance in its management of H-1B visa-related issues.<ref>{{cite web|url=http://www.cognizant.com/aboutus/audit-results|title=Audit Results|publisher=Cognizant|accessdate=June 27, 2012|deadurl=yes|archiveurl=https://web.archive.org/web/20130108131650/http://www.cognizant.com/aboutus/audit-results|archivedate=January 8, 2013|df=mdy-all}}</ref> The company paid US$509,607 in back wages to the 67 employees. No fines or visa restrictions were imposed, since DoL did not discover any willful violations. Joseph Petrecca, the director of the Wage and Hour Division's Northern New Jersey District Office, praised the company for taking immediate steps to correct the violations: "This level of cooperation sets a standard for others in the industry."<ref>{{cite web|url=http://www.dol.gov/whd/media/press/whdpressVB3.asp?pressdoc=Northeast/20090330.xml|title=Teaneck N.J. information technology company agrees to pay more than $509,000 in back wages following U.S. Labor Department investigation|date=March 30, 2009|accessdate=June 27, 2012}}</ref> 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.<ref>{{cite news|url=https://www.nytimes.com/2016/01/26/us/lawsuit-claims-disney-colluded-to-replace-us-workers-with-immigrants.html?_r=0|title=Lawsuits Claim Disney Colluded to Replace U.S. Workers With Immigrants|last1=Preston|first1=Julia|date=January 25, 2016|accessdate=January 26, 2016|publisher=New York Times}}</ref> 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."<ref name="The New York Times">{{cite web|url=https://www.nytimes.com/2016/10/14/us/judge-says-disney-didnt-violate-visa-laws-in-layoffs.html?_r=0|title=Judge Says Disney Didn’t Violate Visa Laws in Layoffs|publisher=The New York Times|accessdate=October 13, 2016}}</ref> === Discrimination === In 2018 a race discrimination suit was brought: "Three 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.<ref>{{cite web|url=https://www.ndtv.com/world-news/cognizant-us-top-h-1b-visa-sponsor-tries-to-bury-anti-white-lawsuit-1825730|title=Cognizant, US' Top H-1B Visa Sponsor, Tries to Bury 'Anti-White' Lawsuit|publisher=}}</ref> === Senior Management Massive Layoff Cases === 200 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 significantly big and questions the ability of the company to catch up with the latest technologies.<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/cognizant-lays-off-200-senior-executives/articleshow/66141973.cms|title=Cognizant Technology Solutions lays off 200 senior executives - Times of India|work=The Times of India|access-date=2018-10-24}}</ref> === Bad Publicity on the Irish Media === The Irish press recently, February 2018, expressed concerns about contractors employed by Cognizant as part of the outsourcing contract with Google about the conditions of employment in relationship to compensation and basic employment allowances like sick leave.<ref>{{Cite news|url=https://www.thetimes.co.uk/article/google-maps-workers-are-losing-it-99l9pcjq8|title=Google Maps workers are losing it|last=Tighe|first=Mark|date=2018-02-11|work=The Sunday Times|access-date=2018-10-25|language=en|issn=0956-1382}}</ref> === Corruption probe in India === 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.<ref>{{Cite news|url=http://www.livemint.com/Companies/KnfYYPdGwIGK2K06zCdrbJ/Cognizant-reveals-corruption-probe-in-US-appoints-new-presi.html|title=Cognizant reveals corruption probe in US, replaces president|last=Sood|first=Varun|date=September 30, 2016|work=livemint.com/|accessdate=February 25, 2018}}</ref><ref>{{Cite news|url=https://www.reuters.com/article/us-cognizant-tech-investigation/cognizant-says-conducting-corruption-investigation-shares-slump-idUSKCN1201TB|title=Cognizant says conducting corruption probe; president replaced|date=September 30, 2016|work=Reuters|accessdate=February 25, 2018}}</ref> === 2017 Lay Offs === 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&ndash;9 months of their salary.<ref>{{Cite news|url=https://www.thehindubusinessline.com/info-tech/cognizant-layoff-plea-closed-in-favour-of-sacked-staff-govt/article9714320.ece|title=Cognizant layoff plea closed in favor of sacked staff: Govt|work=@businessline|access-date=February 25, 2018|language=en}}</ref> In 2017, approximately 6000 Cognizant employees in Hyderabad lost their job as a part of company's annual performance review process.<ref>{{Cite news|url=https://www.deccanchronicle.com/nation/current-affairs/291217/hyderabad-mass-layoffs-shake-it-industry-in-2017.html|title=Hyderabad: Mass layoffs shake IT industry in 2017|date=December 29, 2017|work=deccanchronicle.com/|access-date=February 25, 2018|language=en}}</ref> === 2018 Tax Evasion case in India === 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.<ref>{{Cite news|url=https://finance.yahoo.com/news/income-tax-department-freezes-certain-025038583.html|title=Income Tax department freezes certain Cognizant bank accounts: report|access-date=April 7, 2018|language=en-US}}</ref> 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.<ref>{{Cite news|url=https://finance.yahoo.com/news/indian-court-orders-tax-dept-200044889.html|title=Indian court orders tax dept to lift freeze on Cognizant's funds|access-date=April 7, 2018|language=en-US}}</ref> == Others == * On June 24, 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.<ref>{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/Cognizant-to-assist-Escorts-digital-transformation-of-operations/articleshow/47801255.cms|title=Cognizant to assist Escorts' digital transformation of operations|work=The Times of India}}</ref> * On June 30, 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.<ref>{{cite web|url=http://www.dealstreetasia.com/stories/cognizant-to-help-ntuc-fairprice-upgrade-digital-infrastructure-8545/|title=Cognizant to help NTUC Fairprice upgrade digital infrastructure|work=DealStreetAsia}}</ref> * In April 2018, Cognizant and a consortium of Indian life insurers announced their development of a blockchain solution 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.<ref>{{Cite news|url=http://www.crypto-news.in/news/cognizant-develops-blockchain-solution-indian-insurers-secure-data-sharing-enhance-customer-experience/|title=Cognizant Develops Blockchain Solution for Indian Insurers, To Secure Data Sharing and Enhance Customer Experience|date=April 16, 2018|work=Crypto-News India|access-date=April 18, 2018|language=en}}</ref> == See also == {{Portal|Companies}} * [[Disney litigation]] * [[Srini Raju]] * [[Tech companies in the New York City metropolitan region]] ==References== {{Reflist|30em}} ==External links== {{commonscatinline}} * {{official website}} {{Finance links | name = Cognizant Technology Solutions Corp | symbol = CTSH | sec_cik = 1058290 | yahoo = CTSH | google = CTSH }} {{NASDAQ-100}} {{Consulting}} {{Major information technology consulting and outsourcing companies}} {{Use American English|date=November 2015}} {{Use mdy dates|date=September 2018}} [[Category:Companies listed on NASDAQ]] [[Category:Companies based in Bergen County, New Jersey]] [[Category:Companies established in 1994]] [[Category:Information technology companies of the United States]] [[Category:International information technology consulting firms]] [[Category:Information technology consulting firms]] [[Category:Management consulting firms]] [[Category:Outsourcing companies]] [[Category:Call centre companies]] [[Category:Technology companies established in 1994]] [[Category:1994 establishments in New Jersey]]'