Profile: Cognizant Technology Solutions Corp (CTSH.OQ)
Cognizant Technology Solutions Corporation (Cognizant), incorporated on April 6, 1988, is a provider of custom information technology, consulting and business process outsourcing services. The Company is engaged in Business, Process, Operations and Information Technology Consulting, Application Development and Systems Integration, Enterprise Information Management (EIM), Application Testing, Application Maintenance, Information Technology Infrastructure Services, and Business and Knowledge Process Outsourcing, or BPO and KPO. The Company operates in four segments: Financial Services; Healthcare; Manufacturing, Retail and Logistics, and Other, which includes communications, information, media and entertainment, and high technology. In October 2013, Cognizant Technology Solutions of India acquired Equinox Consulting SAS.
During the year ended December 31, 2012, the Company’s Financial Services business segment represented approximately 41.3% of its total revenues. Its Financial Services segment provides services to its customers operating in the industries, such as banking and insurance. Banking focus on serving traditional retail and commercial banks, diversified financial enterprises, broker-dealers, asset management firms, depositories, clearing organizations and exchanges. The Company assist in areas such as retail banking, wholesale banking, consumer lending, cards and payments, risk management, investment banking and brokerage, asset and wealth management, and securities services.
Insurance serve the needs of global property and casualty insurers, life insurers, reinsurance firms and insurance brokers who turn to us for assistance in improving the efficiency and effectiveness of their operations and in achieving business transformation. Insurance focus on such aspects of its client’s operations as: business acquisition, policy administration, claims processing, management reporting, regulatory compliance and reinsurance.
During 2012, the Company’s Healthcare business segment represented approximately 26.3% of its total revenues. Healthcare Practice focuses on providing a broad range of services and solutions to the industry to address regulatory requirements and emerging industry trends such as: Regulatory Compliance, Integrated Health Management (including establishing health information exchanges), EIM, Claims Investigative Services (aimed at preventing fraud and abuse and strengthening administrative processes), and Operational Improvement (in areas such as claims processing, enrollment, membership and billing). Life Sciences partner with pharmaceutical, biotech, and medical device companies, as well as providers of generics, animal health and consumer health products to assist them in transforming their business by helping them be more efficient and effective from an information technology and business operations perspective while helping them drive innovation and virtualization in growing their business. The Company’s
During 2012, the Company’s Manufacturing, Retail and Logistics business segment represented approximately 20.4% of its total revenues. Its Manufacturing, Retail and Logistics business segment services customers in the industry groups, such as Manufacturing and Logistics; Retail, Travel and Hospitality, and Consumer Goods. Some of its Manufacturing and Logistics solutions include supply chain management, warehouse and yard management, waste management, transportation management, optimization, portals and ERP solutions. The Company serves a range of retailers and distributors, including supermarkets, specialty retailers, department stores and mass-merchandise discounters. It also serves the travel and hospitality industry including airlines, hotels and restaurants, as well as online and retail travel, global distribution systems and intermediaries and real estate companies. It also provides BPO services to restaurants, hotels and airlines. The Company also works with consumer goods manufacturers.
During 2012, the Company’s Other business segment represented approximately 12.0% of its total revenues. communications industry practice serves some communications service (cable, wireless and wireline) providers, equipment vendors, and software vendors. The Company helps its lients address the important changes in the communications industry, such as: transition to new network technologies; designing, developing, testing and introducing new products and channels; improving customer service and increasing customer satisfaction; transforming Business Support Systems (BSSs) and Operations Support Systems (OSSs); transitioning to agile development methodologies; and enabling applications for cloud deployment. Customer Solutions, Mobility, IT IS, Testing, ERP Implementation, EIM, and Cloud services have been in particular demand.
Information, Media and Entertainment work with some of the media and entertainment companies, including information service providers, publishers, broadcasters, and movie, music and video game companies. The Company provide services in critical areas such as the Digital Content Supply Chain and Media Asset Management. Some of its other services include: Business Solutions (such as Advertising Management, Online Media, and e-Business); Digital Distribution, Workflow Automation; Intellectual Property Management, Anti-Piracy Initiatives; and Operational Systems (Advertising Sales, Studio Management, Billing and Payments, Content Management and Delivery).
High Technology serve some of the independent software vendors, or ISVs, technology equipment manufacturers, and online service providers. The Company assist the ISVs with their transitions to new business models (such as Software-as-a-Service, or SaaS models) and facilitate their license management and sales processes.
Cognizant competes with Accenture, Capgemini, Computer Sciences Corporation, HCL Technologies, HP Enterprise, IBM Global Services, Infosys Technologies, Perot Systems, Tata Consultancy Services and Wipro.
Cognizant Technology Solutions Corp
500 Frank W.Burr Blvd.
TEANECK NJ 07666