Profile: Cognizant Technology Solutions Corp (CTSH.OQ)
23 Mar 2017
Cognizant Technology Solutions Corporation, incorporated on April 6, 1988, is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology. The Company's competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance and IT infrastructure services.
The Company provides a range of consulting, information technology and outsourcing services. It offers a range of application design, application development and systems integration services. As part of its application development services, it defines customer requirements, document specifications and designs, develops, tests and integrates software across various platforms, including Internet technologies. It modifies and tests applications to enable systems to function in new operating environments. In addition, these services include enterprise resource planning and customer relationship management implementation services. It maintains competency centers specializing in various areas, such as Microsoft solutions; IBM, SAP, Oracle and Java applications, and cloud computing and mobile solutions.
The Company provides services in the enterprise information management area, including strategic, advisory and management consulting services across information management, business intelligence and analytics; enterprise data management, including the creation of data warehouses, data marts, operational stores, enterprise master data management platforms, enterprise metadata platforms and enterprise data governance; descriptive analytics/business intelligence that involves the strategy, design, build and management of information assets for day-to-day decision making, and strategic corporate performance management, which enables clients to create executive dashboards or scorecards to manage operations. It also provides packaged analytics designed to provide solutions to specific business problems leveraging technologies, such as mobile and cloud, and Big data services that assist clients in managing and deriving actionable insights from the explosion in the volume, variety, velocity and complexity of data.
The Company's application testing practice offers a range of services in testing, consulting and engineering. Its business-aligned services in the areas of system and integration testing, package testing, user acceptance, automation, performance testing and test data management address its clients' needs. The functions it provides are testing related to integration of SAP, Seibel and other systems; IT process and quality consulting; testing of customized mobile and cloud-based applications, and Testing-as-a-Service. It also provides application value management solutions. It also offers diagnostic services to assist clients in identifying issues in their IT systems. It provides IT Infrastructure management outsourcing services. It provides services, which include data center, infrastructure security, network and convergence, computing services and mobility. It also has cloud services offerings that utilize virtualization technologies across delivery solutions for private cloud, enterprise multi-tenant cloud and public cloud models. Its industry-specific solutions include clinical data management, pharmacovigilance, equity research support, commercial operations and order management. In addition to business process services, related services include consulting to ensure process excellence and a range of platform-based services.
The Company's Financial Services business segment serves financial institutions throughout the world. Its clients include banks, investment firms and insurance companies. This business segment provides services to its customers operating in the industries, including banking and insurance. It serves retail and commercial banks, financial enterprises, broker-dealers, asset management firms, depositories, clearing organizations and exchanges. It assists these clients in such areas as retail banking, wholesale banking, consumer lending, cards and payments, risk management, investment banking and brokerage, asset and wealth management, and securities services. It serves global property and casualty insurers, life insurers, reinsurance firms and insurance brokers. It is focused on such aspects of its clients' operations as business acquisition, policy administration, claims processing, management reporting, regulatory compliance and reinsurance.
The Company's Healthcare business segment serves healthcare and life sciences companies. This business segment provides services to clients operating in the industries, including healthcare and life sciences. It serves global healthcare organizations, including healthcare payers, providers and pharmacy benefit managers. Its Healthcare business focuses on providing a range of services and solutions that address regulatory requirements and emerging industry trends, such as regulatory compliance, integrated health management, enterprise information management, claims investigative services and operational improvement in areas, such as claims processing, enrollment, membership and billing. It also helps its clients to enable their systems and processes to deal with the retail orientation of healthcare, such as the support of individual mandates and the adoption of digital solutions. Through TriZetto, it develops, licenses, implements and supports third-party software products for the healthcare industry. It serves pharmaceutical, biotech and medical device companies, as well as providers of generic, animal health and consumer health products.
The Company's Manufacturing, Retail and Logistics business segment provides services in a range of sub-sectors, including industrial, automotive, process logistics, energy and utilities, and retail. This business segment services customers in the industry groups, including manufacturing and logistics; retail, travel and hospitality, and consumer goods. Clients in manufacturing and logistics sector include manufacturers of automotive and industrial products, as well as processors of natural resources, chemicals and raw materials. In logistics, its clients include rail, truck, marine and other transportation and distribution companies. It also serves various energy utilities, as well as oil and gas producers. Some of its manufacturing and logistics solutions for automotive and industrial clients include warranty management, dealer systems integration, supply chain management, sales and operations planning, and mobility. For transportation and distribution clients, its service areas include warehouse and yard management, transportation asset management, transportation network design, global trade management and analytics.
The Company serves a spectrum of retailers and distributors, including supermarkets, specialty premium retailers, department stores and mass-merchandise discounters. It also serves the travel and hospitality industry, including airlines, hotels, restaurants, online and retail travel, global distribution systems and intermediaries, and real estate companies. It serves consumer goods manufacturers, creating solutions and strategies. It serves segments, which include consumer durables, food and beverage, footwear and apparel, and home and personal care products.
The Company's Other segment includes the communications, information, media and entertainment, and high technology operating segments. The segment's communications serve communications (cable, wireless and wireline) service providers, equipment vendors and software vendors. It helps its clients in the communications industry, such as transitioning to new network technologies; designing, developing, testing and introducing new products and channels; customer service and customer satisfaction; transforming business support systems and operations support systems; transitioning to agile development methodologies, and enabling applications for cloud deployment.
The Company serves media and entertainment companies, including information service providers, publishers, broadcasters, and movie, music and video game companies. It provides solutions in 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). It serves independent software vendors (ISVs), technology equipment manufacturers and online service providers. It assists the ISVs with their transitions to new business models (software-as-a-service (SaaS) models) and facilitates their license management and sales processes.
The Company competes with Accenture, Capgemini, Computer Sciences Corporation, Genpact, HCL Technologies, HP Enterprise, IBM Global Services, Infosys Technologies, Tata Consultancy Services and Wipro.
Cognizant Technology Solutions Corp
500 Frank W Burr Blvd
TEANECK NJ 07666-6804
Company Web Links
- BRIEF-Cognizant acquires Japan-based Brilliant Service
- BRIEF-Jana Partners takes sole share stake in Bristol-Myers, Cognizant
- Cognizant to appoint directors, plans dividend in deal with Elliott
- UPDATE 3-Cognizant to appoint directors, plans dividend in deal with Elliott
- BRIEF-Cognizant reaches cooperation agreement with Elliott Management