Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced the launch of a unique and comprehensive platform that will foster innovation and enable the company to deliver greater value in the area of testing. The platform was inaugurated by Mohammad Zahoor, IT Director, PEMCO Insurance, a Cognizant client.
Developed by Cognizant's Testing practice, the platform will facilitate ideation, catalyze knowledge sharing, and showcase testing innovations that help reduce testing effort, time, and cost, while improving quality. It will also enable statistical validation of the significance and adaptability of innovations to testing projects. Cognizant has also established an innovation council comprising technology and business experts to evaluate and provide further direction to ideas emerging from this platform.
"We congratulate Cognizant on the launch of this innovation platform," said Mohammad Zahoor. "We are happy to have partnered with Cognizant's Testing practice in setting up PEMCO's testing center, which won Computerworld magazine's Laureate Award for the year 2009. Even in the face of a tight release schedule, Cognizant proactively volunteered to reduce testing cycle-time, applied the Lean Six Sigma methodology, optimized testing efforts at PEMCO, and supported us in completing the overall test cycle on schedule."
"In times of significant structural changes in the economy, business, IT, and quality assurance have become synergized value platforms to build competitive advantage for businesses," said R Chandrasekaran, President and Managing Director, Global Delivery, Cognizant. "Be it integrating disparate platforms, reducing the time-to-market, or enhancing customer experience of applications, organizations are increasingly looking at testing to address value gaps for increasing productivity, optimizing effort, and reducing cost.
"At Cognizant, we continuously strive to deliver superior value to our clients and enable business readiness through cost optimization, predictable quality, and improved speed," he added. "Cognizant's broad range of services, deep domain experience, Centers of Excellence, and focus on innovation have helped us position ourselves as thought leaders in the testing arena. This innovation platform marks a milestone in the growth of our Testing practice."
About Cognizant's Testing Practice
Cognizant's Testing practice is an independent business unit within Cognizant, focused on verification and validation of applications. With the establishment of this business unit in 2001, Cognizant pioneered the concept of an independent Testing practice. Since then Cognizant's Testing practice has grown organically to more than 9,000 career testers, testing code written by Cognizant as well as by third parties, including clients and competitors. Over 75 percent of the code tested by Cognizant is developed by clients or third-party vendors. Cognizant's Testing practice is organized by areas of industry specialization - such as financial services, insurance, healthcare, manufacturing/retail, and telecommunication, media and entertainment. This alignment helps leverage Cognizant's domain expertise and provide domain-aligned testing, a critical success factor for independent software testing.
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. 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 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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