CTS
Description
Cognizant Technology Solutions Corp is an American
multinational corporation that provides custom information technology,
consulting, and business process outsourcing services. It is headquartered in
Teaneck, New Jersey, United States. Cognizant is listed in the NASDAQ-100 and
the S&P 500 indices. Originally founded as an in-house technology unit of
Dun & Bradstreet in 1994, Cognizant started serving external clients in
1996.
Cognizant began its journey as Dun & Bradstreet Satyam
Software (DBSS), 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.
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. Headquarters were moved to the
United States, and in March 1998, Kumar Mahadeva was named CEO. Operating as a division
of the Cognizant Corporation, the company mainly focused on Y2K-related projects
and web development.
Cognizant provides information technology, consulting and
BPO services. These include business & technology consulting, systems
integration, application development & maintenance, IT infrastructure
services, analytics, business intelligence, data warehousing, CRM, supply chain
management, engineering & manufacturing Solutions, ERP, R&D
outsourcing, and testing solutions.
The company's flagship customer conference is Cognizant
Community—sometimes simply called 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".
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