Cognizant (NASDAQ: CTSH), a leading provider of global technology, consulting and outsourcing services, announced today that it has been positioned by Gartner, Inc. in the leaders quadrant of the Magic Quadrant for North American Offshore Application Services, 2007 as released on August 6, 2007*. The complete report, including the Quadrant graphic, is available at www.cognizant.com/go/gartnermq.
According to the Gartner, Inc. report, "leaders are performing well, have a clear vision of market direction and are actively building competencies to sustain their leadership positions." The Gartner Magic Quadrant provides guidance for organizations that are seeking an offshore partner for globally delivered application service initiatives.
"Companies are looking for the best partner for their businesses from a seamless delivery of outsourcing services to a high-level of domain expertise and the ability to scale when necessary," said Francisco D'Souza, president and CEO of Cognizant. "We think our Gartner positioning in the Leaders Quadrant is recognition of our client first management approach and our strategy of re-investment. With over 435 clients around the world, we continue to demonstrate our unique onsite/offsite partnership model, and our consistency and quality in offshore delivery centers."
*Magic Quadrant for North American Offshore Application Services, 2007, Gartner RAS Core Research Note G00149496, By: Frances Karamouzis, Allie Young, Helen Huntley, Partha Iyengar, Ian Marriott, Gianluca Tramacere, 6 August 2007, R2399 08102008
Cognizant (NASDAQ: CTSH) is a leading provider of global IT and business process outsourcing services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant uses its own on-site/offshore outsourcing model to provide applications management, development, integration, and reengineering; infrastructure management; business process outsourcing; and numerous related services, such as enterprise consulting, technology architecture, program management, and change management.
Cognizant has more than 46,000 employees who are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centers in India and on-site client teams. Cognizant maintains P-CMM, SW-CMM and CMMI Maturity Level 5 assessments from an independent third-party assessor and ranked among the top information technology companies in Business Week's Hot Growth Companies and Forbes Global 2000 list. Cognizant is a member of the NASDAQ-100 Index and the S&P 500 Index. Find additional information about Cognizant at www.cognizant.com.
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.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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