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IHS Selects Cognizant to Support its Business Transformation and Growth Leveraging Technology

Thursday, November 3, 2011 6:00 AM


TEANECK, New Jersey, November 3, 2011 /PRNewswire/ --

- Cognizant Helps Global Information Services Provider Implement an Enterprise Platform for Quick Integration of Acquired Firms and to Support Scalability of Future Business

 

Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced the successful completion of the first phase of a multiyear enterprise platform rollout for IHS (NYSE: IHS), a global information services firm with world-class experts in pivotal areas shaping today's business landscape: energy, economics, geopolitical risk, sustainability and supply chain management.

Over the years, IHS has strategically acquired companies to bolster its capabilities in energy and power, environmental health and safety (EHS) and sustainability, petrochemicals, and automotive industry forecasting. Since 2007, the company has completed more than 30 strategic acquisitions, six of them to date in 2011 alone. With each of these acquisitions, IHS has expanded its offerings in "information and insight" to help customers make critical business decisions every day.

Cognizant is supporting IHS' strategy to grow through acquisitions by rationalizing disparate systems and consolidating financial business processes through the enterprise SAP Financials rollout, and by providing a standardized solution across all acquired companies and business entities to ensure consistency, scalability, better customer service, more effective data governance, and regulatory compliance.

"IHS selected Cognizant for this mission-critical engagement because of its consulting-led approach, its extensive experience in our industry, and its expertise in SAP enterprise applications. By replacing disparate legacy systems from multiple acquisitions and harmonizing business processes, Cognizant is supporting our growth strategy and helping us provide the best customer experience worldwide," said Todd Hyatt, Senior Vice President and Chief Information Officer of IHS. "Because of its own client-centric culture, Cognizant understands our distinct focus on customer delight. Cognizant's collaborative work processes blended seamlessly with our team-based approach, engaging with our business experts from all functional areas and business entities, and making the implementation a positive experience."

"Close collaboration with IHS executive management, business and IT, combined with our deep functional and technical expertise in SAP, enabled this transformative initiative that will be the platform for seamlessly integrating the acquired companies," said Ashish Mahadwar, Senior Vice President and Practice Head for SAP at Cognizant.


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