TEANECK, N.J., Oct. 30, 2014 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced it was named a "Leader" in the "The Forrester Wave™: BI Service Providers, Q4 2014," (October 2014) by Forrester Research, Inc. The report evaluated 12 large global BI service providers and evaluated and scored them on the basis of a comprehensive methodology across 30 criteria relating to current offering, strategy, and market presence.

The Forrester report identified Cognizant as one of the "Leaders of the pack," and noted: "In this evaluation, Cognizant received top scores for its delivery capabilities and strategic investments the firm made in business intelligence, such as a number of non-client-facing business intelligence R&D resources, among others. Cognizant also received high scores for its expertise across geographies and industries (specifically in financial services, healthcare, life sciences, insurance, retail, and business and consumer services), and broad technology partnerships."

The report also stated that, "Cognizant's thought leadership is characterized by its development of its 'Code Halo' research, which it is using directly in client engagements."

"We believe this recognition by Forrester Research speaks to the strength of our information management and analytics products and solutions that help our clients make data driven decisions and realize business value," said Karthik Krishnamurthy, Vice President and Global Business Leader for Enterprise Information Management at Cognizant. "Our clients today increasingly depend on data driven insights as the foundation for addressing their dual mandate of running better, or driving cost efficiencies and business effectiveness and running different, or fueling growth and digital transformation. With our unique portfolio of industry domain expertise, advisory consulting, data driven technology services and business analytics solutions, we are well positioned to partner with our clients and deliver successful business outcomes."

Read "The Forrester Wave™: BI Service Providers, Q4 2014," here .

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 75 development and delivery centers worldwide and approximately 187,400 employees as of June 30, 2014, 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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SOURCE Cognizant