TEANECK, N.J., Dec. 3 /PRNewswire-FirstCall/ -- Cognizant (NASDAQ: CTSH), a leading provider of consulting, technology, and business process outsourcing (BPO) services, has announced the opening of an expanded delivery center in Toronto. The delivery center will continue to serve a growing roster of U.S. and Canadian clients, as well as the Canadian subsidiaries of global clients that seek the resource flexibility and time zone advantages of near-shoring.
"Since opening our first Toronto office in 2004, we have steadily grown our presence and investment in the Canadian market, serving clients in banking and financial services, insurance, life sciences, retail, and other sectors," said Chandra Sekaran, President and Managing Director, Global Delivery, Cognizant. "With the support of an outstanding university system and local talent pool, our Toronto center will continue to attract IT and business professionals with deep domain expertise."
"Cognizant is one of the world's fastest growing companies, and we welcome Cognizant's decision to increase its investment in Toronto and grow its local workforce. We believe Toronto is becoming the go-to location for innovative, globally minded companies, and we look forward to working with Cognizant as we expand business and employment opportunities for a knowledge-based economy," said Michael H. Williams, General Manager of the City of Toronto's Office of Economic Development, Culture and Tourism, speaking on the occasion of a ribbon-cutting ceremony at the new offices on December 2.
"As one of Cognizant's 53 IT delivery centers worldwide, the Toronto center will offer clients a robust near-shoring option encompassing consulting, IT infrastructure, testing, application development, application maintenance, and other services," said Bala Loganathan, Center Head for the Canada Delivery Center.
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 over 68,000 employees as of September 30, 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.
SOURCE: Cognizant Technology Solutions
Web site: http://www.cognizant.com/