Rabobank Selects Cognizant to Enhance Operational Efficiencies, Drive Greater Levels of Business Effectiveness

Rabobank Selects Cognizant to Enhance Operational Efficiencies, Drive Greater
                       Levels of Business Effectiveness

  PR Newswire

  AMSTERDAM and TEANECK, New Jersey, Jan. 16, 2013

- Cognizant to Deliver a Wide Range of Application Services Under the
Five-Year Agreement

AMSTERDAM and TEANECK, New Jersey, Jan. 16, 2013 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH) today announced that it has been selected by Rabobank to
deliver a broad portfolio of application services to drive operational
efficiencies and improve productivity. The deal expands Cognizant's
relationship with Rabobank Group, a full-range financial services provider
rated among the world's 30 largest financial institutions.

Under the five-year agreement, Cognizant will provide application development,
maintenance, and testing services to Rabobank, leveraging its consulting
capabilities and proven financial industry expertise. Cognizant will combine
its global talent base, a strong team of Dutch professionals with deep local
business insight, and its global best practices to help Rabobank reduce the
total cost of ownership, and ensure high quality and consistency across its
applications portfolio. Cognizant will also help Rabobank optimize its
strategic IT investments to achieve greater levels of efficiency and realize
its business objectives.

"Rabobank places great importance on continuously surpassing the expectations
of our customers and adding discernible value. In addition, the goal is to
ensure business continuity, drive cost efficiency, and increase business
productivity," said Rene Steenvoorden, Chief Information Officer at Rabobank.
"Cognizant's expertise will further strengthen our ability to meet this goal
and respond to changing technology and business needs, both in the short and
long term."

"We are pleased to have been selected by Rabobank as a strategic partner,"
said Santosh Thomas, Senior Vice President and Head of Continental Europe and
Growth Markets for Cognizant. "Cognizant is committed to optimizing Rabobank's
applications portfolio for enhanced agility, service-level predictability, and
operational improvements. We look forward to helping Rabobank define new
standards in innovation and customer satisfaction, while mining efficiencies
from its systems and leveraging those savings to fund strategic initiatives
for future growth."

About the Rabobank Group Rabobank Group is a full-range financial services
provider that operates on cooperative principles. Its origins lie in the local
loan cooperatives that were founded in the Netherlands nearly 110 years ago by
enterprising people who had virtually no access to the capital market.
Rabobank Group is comprised of independent local Rabobanks plus Rabobank
Nederland, their umbrella organisation, and a number of specialist
subsidiaries.

Overall, Rabobank Group has approximately 60,000 employees who serve about 10
million customers in 47 countries. In terms of Tier I capital, Rabobank Group
is among the world's 30 largest financial institutions. Rabobank is
consistently awarded a high rating by all rating agencies. The local Rabobanks
and their clients form Rabobank Group's core cooperative business. The banks
are members and shareholders of the supralocal cooperative organisation,
Rabobank Nederland, which advises the banks and supports their local services.
Rabobank Nederland also supervises, on behalf of the Dutch central bank, the
solvency, liquidity and administrative organisation of the local Rabobanks.
Rabobank Nederland further acts as an (international) wholesale bank and as a
bankers' bank to the Group and is the holding company of a large number of
specialized subsidiaries. Rabobank Group combines the best of two worlds; the
local involvement and personal touch of the local Rabobanks with the expertise
and economies of scale of Rabobank Nederland and its subsidiaries. For more
information, visit www.rabobank.com .

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. Visit us online
at www.cognizant.com 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.

Website: http://www.cognizant.com
Contact: U.S.: Ken Peters, Text 100, +1-617-399-4980, kenp@text100.com;
Europe: Grazia Valentino-Boschi, + 33 (0)6 07 85 80 63,
grazia.valentino-boschi@cognizant.com; Asia-Pac: Harsh Kabra,
+91-855-188-2111, harsh.kabra@cognizant.com
 
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