Join        Login             Stock Quote

Cognizant Expands North American Delivery Center Footprint to Accommodate Rapid Growth

Tuesday, January 11, 2011 9:03 AM

New Phoenix Delivery Center to House Over 1,000 Employees

TEANECK, N.J., Jan. 11, 2011 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of business, technology and consulting services, today announced it is increasing its North American service delivery center capacity to accommodate continuing rapid growth. Cognizant recently crossed the 100,000 employee mark and continues to hire talent aggressively within North America as well as Europe, Asia, South America, and Australia.

Cognizant's new delivery center in Phoenix will accommodate over 1,000 employees, replacing its existing 500-person facility. Cognizant will provide a full range of services from the new center, including consulting, application services, IT infrastructure services, and business and knowledge process services.

In addition, Cognizant continues to expand employment in its existing delivery centers in the United States.  In addition to the Phoenix delivery center, Cognizant operates an enterprise analytics center in New Jersey; a  global Network Operations Center (NOC) in Massachusetts that supports Cognizant's IT Infrastructure Services business; and delivery centers in Arkansas and Illinois that provide application development and maintenance, testing, and packaged software implementation services. Other rapidly growing North American locations include delivery centers in Canada and Mexico.

"We are proud to have grown to 100,000 employees in just 16 years, with over 17,000 professionals in North America. We are making substantial North American investments in people, facilities, systems, and processes to meet continued strong demand for our services," said Gordon Coburn, Chief Financial and Operating Officer at Cognizant. "Our distributed delivery center model, globally and locally, helps us attract and retain the world's best talent, both from leading universities and the professional labor market, enabling our customers to address structural changes brought about by the reset economy."

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With over 50 global delivery centers and more than 100,000 employees as of December 1, 2010, we combine a unique global delivery model infused with a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.

Forward-Looking Statements

This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE Cognizant

(Source: PR Newswire )
(Source: Quotemedia)


Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.