Cognizant Cited as a Leader in EMEA Applications Outsourcing Services by
Independent Research Firm
TEANECK, New Jersey, Feb. 10, 2014
-- Cognizant Received the Highest Possible Scores for its Vision and Value
Proposition for Applications Outsourcing, Vision for Emerging Technologies,
and Strategy for Partnership and Innovation
TEANECK, New Jersey, Feb. 10, 2014 /PRNewswire/ -- Cognizant (NASDAQ: CTSH)
today announced it was named a "Leader" in "The Forrester Wave™: EMEA
Applications Outsourcing Services, Q1 2014," published February 3, 2014, by
Forrester Research Inc.
Cognizant was among the select companies invited to participate in this
Forrester Wave evaluation. The report evaluated and scored Cognizant on the
basis of a comprehensive methodology across 43 criteria relating to Current
Offering, Strategy, and Market Presence. Read the full report here .
Cognizant received the highest score in the "Strategy" category that measured
each service provider's overall strategy around its client value proposition
and view toward the future of applications outsourcing, vision for managed
outcome relationships, strategy for continuous improvement, and vision for
improved delivery through the leverage of intellectual property.
"Cognizant, more than any other applications outsourcing supplier, blends
effective account management with customer advocacy while empowering
decentralized decision-making," the report stated. "Cognizant also has a good
sense for key EMEA client requirements and is a solid fit across the spectrum
of applications outsourcing services, especially for customers in the UK."
"Mastering divergent EMEA cultures is a challenge for suppliers," the report
stated. "On the flip side, companies like Cognizant that empower localized
decision making can succeed." The report added, "'They create a local entity
in every area in which they work,' one customer said. 'We have a longer
relationship with the local representative with low turnover and a better
"We believe this recognition speaks to our client-first culture and our
consulting-led, high-touch relationship model, which are at the heart of our
differentiated value proposition and client experience," said Rajeev Mehta,
Chief Executive Officer for IT Services at Cognizant. "Faced with
globalization, regulatory changes, and the rise of new technology
architectures such as social, mobile, analytics and cloud, clients see in
Cognizant a partner who can address their dual mandate of achieving new levels
of business performance as well as innovation on one integrated platform.
Thanks to our continued investments in nurturing strong client relationships,
bringing our industry-leading processes to the EMEA region, and building
strong local teams and capabilities, we believe we are uniquely positioned to
help our clients drive agility, innovation, and top-line growth. As EMEA
clients adopt long-term outsourcing programs and embrace a global delivery
model, this recognition affirms client confidence in our ability to deliver
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 171,400
employees as of December 31, 2013, 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.
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