Cognizant to Acquire Six Companies of the C1 Group, a Leading German Consulting and IT Services Group

     Cognizant to Acquire Six Companies of the C1 Group, a Leading German
                       Consulting and IT Services Group

  PR Newswire

  TEANECK, New Jersey, and HAMBURG, Germany, Dec. 21, 2012

- Strategic Acquisition to Strengthen Cognizant's Local Presence in Germany
and Switzerland, Enhance Global Consulting Capabilities, and Deepen Enterprise
Solutions Expertise

TEANECK, New Jersey, and HAMBURG, Germany, Dec. 21, 2012 /PRNewswire/ --
Cognizant (NASDAQ: CTSH) today announced that it has entered into a definitive
agreement to acquire six companies* of the C1 Group, an independent consulting
and IT services firm based in Hamburg, Germany. The terms of the transaction
were not disclosed.

The companies focus on three industry segments: manufacturing and logistics,
energy and utilities, and financial services. Known for their client-centric
and innovative business culture, these companies bring deep expertise in
enterprise application services (specifically SAP), and high-end testing
services that range from test consulting, strategy and design, to

Under the terms of the agreement, about 500 professionals across multiple
locations in Germany and Switzerland will join Cognizant. The combination of
C1's proven client-facing expertise deeply rooted in the local business
environment, and Cognizant's global delivery capabilities will help clients in
Europe to address their dual mandate of driving cost efficiencies and
operational effectiveness, as well as innovation and business transformation.

"We look forward to welcoming C1's talented professionals to Cognizant," said
Francisco D'Souza, Chief Executive Officer of Cognizant. "This strategic
acquisition underscores our commitment to the German and the larger European
markets, and reinforces our position as one of the top consulting and IT
services companies across the region. With this acquisition, Cognizant is even
better positioned to help European clients achieve agility and competitive
advantage by embracing a broad range of services. The client-first culture of
the C1 team, driven by extensive local business insights, strong relationships
and entrepreneurial passion, makes it an excellent strategic fit for

"The agreement announced today is a major step forward for us," said Wilfried
Forster, Founder of the C1 Group, on behalf of the companies acquired by
Cognizant. "The outstanding growth and success of the C1 Group within the last
ten years have been built on the foundation of customer satisfaction, expert
teams with deep industry knowledge, and best-of-breed solutions. International
expansion is critical for parts of the group to continue our strong growth,
develop better solutions for our current and future customers, and provide
greater opportunities for our employees.

"Cognizant is a company with a similar entrepreneurial culture, widely
recognized for customer satisfaction and innovation, and for being a premier
employer. The merger of the C1 companies with Cognizant would support
Cognizant's growth strategy for Europe and create a bond with C1's remaining
companies. This move will enable the two companies to drive future
diversification, and realize the strong growth potential of our combined
strengths," added Wilfried Forster.

Subject to the satisfaction of certain closing conditions and regulatory
approvals, the transaction is expected to close in the first quarter of 2013.

*Cognizant has entered into a definitive agreement to acquire the following
six companies of the C1 Group:

1.btconsult GmbH [process and technology consulting, SAP]
2.C:1 Solutions GmbH [consulting and enterprise solutions: SAP, BPM, ECM,
3.psc Management Consulting GmbH [process and technology consulting]
4.C:1 SetCon GmbH [software engineering and testing]
5.Enterprise Services AG [a Swiss company focused on process and IT
6.C:1 Holding GmbH


About the C1 Group The C1 Group is a consulting and IT services group, formed
of independent, individual companies into a flexible organizational structure
offering a full spectrum of specialized services. The steadily-growing C1
Group has more than 1,200 consultants and IT specialists across a wide and
diverse range of industries and lines of service, from strategic consulting,
process and systems integration and application development to 24x7 support.
The analysis and optimization of business processes, supported by customized
IT solutions, are C1 Group's core competencies, with a specific focus on the
areas of supply chain management and ERP.

About Cognizant Cognizant (NASDAQ: CTSH) is a leading provider of information
technology, consulting, and business process outsourcing services, dedicated
to helping the world's leading companies build stronger businesses.
Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for
client satisfaction, technology innovation, deep industry and business process
expertise, and a global, collaborative workforce that embodies the future of
work. With over 50 delivery centers worldwide and approximately 150,400
employees as of September 30, 2012, Cognizant is a member of the NASDAQ-100,
the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among
the top performing and fastest growing companies in the world.

Recently, Cognizant topped the client satisfaction and relationship rankings
in KPMG's Outsourcing 2012 study of service provider performance in Germany
and Switzerland, and across Europe. Cognizant topped the rankings in general
satisfaction and relationship management, in addition to other key performance
indicators such as innovation, knowledge transition, and governance. This
independent study evaluated 22 European IT service providers based on an
assessment of more than 2,900 unique client-provider relationships. As part of
the study, CFOs, CIOs or their direct reports at some 1,100 of the top IT
spending organizations in Western Europe were interviewed.

Visit us online at or follow us on Twitter: Cognizant.

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.

Contact: U.S., Ken Peters, Text 100, +1-617-399-4980,; or
Europe, Grazia Valentino-Boschi, +33-6-07-85-80-63,; or Asia-Pac, Harsh Kabra,
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