Signs a five-year, multi-million dollar contract
Relationship extends Cognizant's leadership in the manufacturing industry through an expanded range of solutions in engineering services
TEANECK, N.J. and HYDERABAD, India, July 16 /PRNewswire-FirstCall/ -- Cognizant (Nasdaq: CTSH), a leading provider of consulting, technology, and business process outsourcing services, today announced a global product research and development alliance with Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries.
As a part of this relationship, Cognizant has signed an initial five-year, multi-million dollar contract with Invensys Operations Management to augment and maintain Invensys' suite of products, and bring in greater operational efficiency, scalability, consistency and cost-effectiveness to its global product R&D processes. To realize this goal, offers to join Cognizant will be made to over 400 Invensys Operations Management professionals from its existing R&D center in Hyderabad.
This relationship will strengthen Cognizant's strong presence in the manufacturing industry and strengthen its ability to provide end-to-end services to its customers. It will enable Cognizant to further expand its customer base in discrete manufacturing, process manufacturing, energy and utilities, pharmaceutical, and consumer goods segments with services and offerings in Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM), and Enterprise Asset Management (EAM). These offerings will be supported through global engineering services in the areas of product design and development, industrial automation and control, and asset reliability engineering, leveraging Cognizant's proven global delivery model and presence around the world to provide localized and industry-specific skills.
"This relationship is significant," said Sudipta Bhattacharya, Chief Executive Officer and President, Invensys Operations Management. "The manufacturing technology market is at an inflection point as companies move to seamlessly stitch plant floor applications to enterprise applications to access and act on real-time manufacturing information. There is significant innovation happening at this intersection of the real-time manufacturing execution world and the transaction based enterprise world. In Cognizant we have found a partner who shares our vision around where the market is headed for the next generation of engineering services and manufacturing operations solutions, and brings synergistic product development and software engineering capabilities and leading edge tools like Cognizant 2.0 to realize this vision.
