Cognizant (NASDAQ: CTSH), a leading provider of IT services, announced today that the Company's software development and delivery center in Coimbatore, India has become the first in the world to be successfully appraised at Maturity Level 5 of the latest version 1.2 of Capability Maturity Model® Integration (CMMI) through the latest version 1.2 of Standard CMMI Appraisal Methodology for Process Improvement (SCAMPI). The appraisal was conducted by an independent SEI Authorized High Maturity Lead Appraiser from KPMG between November 27 and December 8, 2006.
CMMI Maturity Level 5 is the highest level of process maturity that independently verifies an organization's capabilities to continuously enhance its processes through incremental and innovative process and technological improvements. CMMI Maturity Level 5 affirms the organization's ability to statistically manage the sub-processes in order to achieve process and business objectives.
"We are very proud of this achievement, as it further reinforces our commitment to continuous process maturity and innovation that enhances the value of solutions we provide to our customers," said R Chandrasekaran, Managing Director and President of Global Delivery, Cognizant. "This independent appraisal is a clear indication that Cognizant can deliver the highest levels of quality to customers through continuous process improvements in every location that we expand to globally. This new capability accentuates our customer-centric culture by providing greater transparency to our customers from project execution and enhanced structuring of the decision- making process to metrics management."
"Continuous improvement has become a way of life for Cognizant's Coimbatore Center," said Mr. V Sankaran, KPMG - SEI Authorized SCAMPI Lead Appraiser. "This center has consistently adapted to various quality initiatives and emerging industry best practices, keeping value addition to customers in mind. The leadership team at Cognizant has consistently demonstrated commitment towards superior process and quality. The greatest strength of the organization is the empowerment and opportunity to implement process improvement initiatives by associates at all levels, ensuring that high maturity practices will sustain for the long term. With their focus on continuous process improvements, Cognizant Coimbatore has successfully transitioned to the latest version of the model, CMMI v1.2."
Cognizant's Coimbatore Center has developed a unique operational model that integrates best practices such as CMMI, lean manufacturing and six sigma concepts to improve operational efficiency and productivity. To reach this level, Cognizant demonstrated structured process improvement and innovations categorized under Efficiency aiders, People aiders, Process aiders and Productivity aiders with a goal of achieving substantial process and business benefits.
The Carnegie Mellon® Software Engineering Institute (SEI) had released the latest version 1.2 of CMMI model and latest version 1.2 of Standard CMMI Appraisal Methodology for Process Improvement (SCAMPI) in August 2006. Subsequently, SEI authorized only a selected few High Maturity Lead Appraisers (HMLA) after undergoing a stringent evaluation criteria. The CMMI Level 5 appraisal for Cognizant was carried out by Mr. V Sankaran, SEI Authorized High Maturity Lead Appraiser from KPMG.
Cognizant (NASDAQ: CTSH) is a leading provider of IT 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 approximately 38,000 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. Cognizant is a member of the NASDAQ-100 Index and the S&P 500 Index. Find additional information about Cognizant at http://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.
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