Cognizant Announces A Global Product Research And Development Relationship With Invensys Operations

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16th July 2009, 07:49pm - Views: 418





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MEDIA RELEASE PR35407


Cognizant Announces a Global Product Research and Development Relationship with Invensys Operations

Management


TEANECK, N.J. and HYDERABAD, India, July 16 /PRNewswire-AsiaNet/ --


               Signs a five-year, multi-million dollar contract


  Relationship extends Cognizant's leadership in the manufacturing industry 

        through an expanded range of solutions in engineering services

    

    Cognizant (Nasdaq: CTSH), a leading provider of consulting, technology,

and business process outsourcing services, today announced a global product

research and development alliance with Invensys Operations Management, a

global provider of technology systems, software solutions and consulting

services to the process and manufacturing industries.


    As a part of this relationship, Cognizant has signed an initial

five-year, multi-million dollar contract with Invensys Operations Management

to augment and maintain Invensys' suite of products, and bring in greater

operational efficiency, scalability, consistency and cost-effectiveness to

its global product R&D processes. To realize this goal, offers to join

Cognizant will be made to over 400 Invensys Operations Management

professionals from its existing R&D center in Hyderabad.


    This relationship will strengthen Cognizant's strong presence in the

manufacturing industry and strengthen its ability to provide end-to-end

services to its customers. It will enable Cognizant to further expand its

customer base in discrete manufacturing, process manufacturing, energy and

utilities, pharmaceutical, and consumer goods segments with services and

offerings in Product Lifecycle Management (PLM), Manufacturing Operations

Management (MOM), and Enterprise Asset Management (EAM). These offerings will

be supported through global engineering services in the areas of product

design and development, industrial automation and control, and asset

reliability engineering, leveraging Cognizant's proven global delivery model

and presence around the world to provide localized and industry-specific

skills.


    "This relationship is significant," said Sudipta Bhattacharya, Chief

Executive Officer and President, Invensys Operations Management. "The

manufacturing technology market is at an inflection point as companies move

to seamlessly stitch plant floor applications to enterprise applications to

access and act on real-time manufacturing information. There is significant

innovation happening at this intersection of the real-time manufacturing

execution world and the transaction based enterprise world. In Cognizant we

have found a partner who shares our vision around where the market is headed

for the next generation of engineering services and manufacturing operations

solutions, and brings synergistic product development and software

engineering capabilities and leading edge tools like Cognizant 2.0 to realize

this vision. We expect to be able to learn from the strengths each of us

brings to the table."


    "We are pleased to partner with Invensys Operations Management and

welcome on board their highly talented and experienced professionals in

Hyderabad," said Francisco D'Souza, President and CEO, Cognizant. "Cognizant

is committed to working with Invensys Operations Management by leveraging

these talented individuals, and we are confident we will significantly

augment Invensys' ability to innovate and ramp up the delivery of products by

blending that talent with our own world-class consulting, enterprise

integration, services-based architecture, business intelligence, supply chain

and product lifecycle management capabilities. This multi-dimensional

relationship, along with the domain expertise that Invensys Operations

Management provides, will help both companies solidify our leadership

positions in the manufacturing space, expand our range of capabilities in

engineering services, and jointly drive further growth in many of the

verticals where we have, and will continue to demonstrate, thought

leadership. We believe such collaborative innovation is the wave of the

future and we are excited at the possibilities that will come about through

this relationship."


    About Invensys Operations Management

    Invensys Operations Management, a division of Invensys, is a leading

provider of automation and information technology, systems, software

solutions, services and consulting to the global manufacturing and

infrastructure industries. Headquartered in Plano, Texas, its solutions are

used by more than 40,000 clients around the world in more than 200,000 plants

and facilities and include control and measurement instrumentation, critical

safety and distributed control systems, a wide range of real-time operations

management software and professional services that help its clients design,

operate and manage the safety, efficiency, productivity, sustainability and

profitability of their assets.


    Invensys clients are some of the world's most important industrial

organizations -- large oil refineries; chemical, gas, LNG, power,

pharmaceutical and mineral processors; food and beverage companies; metals

and mining companies; water and wastewater facilities; and pulp and paper

mills -- and its solutions deliver significant cost benefits associated with

the secure, efficient operation of industrial plants and facilities.


    Invensys Operations Management's offerings are delivered under several

prominent industry brands, including Action Instruments, ArchestrA, Avantis,

Barber-Colman, Chessell, Continental, Eurotherm, Foxboro, IMServ, InFusion,

SimSci-Esscor, Triconex and Wonderware. The company's approximately 9,000

employees and its global partner ecosystem integrate these products and

services to help clients collaborate across systems and enterprises in real

time, extracting critical data to make faster, better decisions and

synchronize their operations from the plant floor to the executive offices,

aligning production goals with business objectives. To learn more about



    Invensys plc (www.invensys.com) is headquartered in London and is listed

on the London Stock Exchange (ISYS.L), with approximately 25,000 employees

working in 60 countries.


    About Cognizant

    Cognizant (Nasdaq: CTSH) is a leading provider of information technology,

consulting, and business process outsourcing services. Recognized by Fortune

Magazine as one of the World's Most Admired Companies, Cognizant's

single-minded passion is to dedicate our global technology and innovation

know-how, our industry expertise, and worldwide resources to working together

with clients to make their businesses stronger. With more than 50 global

delivery centers and approximately 63,700 employees as of March 31, 2009, we

combine a unique onsite/offshore delivery model infused by a distinct culture

of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index,

Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000

and is ranked among the top information technology companies in

BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at



Science Research Cognizant 2 image

    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.



     SOURCE:  Cognizant


    CONTACT:  Catherine Marenghi,

              Public Relations,

              +1-781-223-8673,

              catherine.marenghi@cognizant.com, or


              Harsh Kabra,

              +91-20-40223866,

              harsh.kabra@cognizant.com,


             both of Cognizant


(CTSH ISYS.L)


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