NEW YORK and TEANECK, N.J., June 21, 2011 /PRNewswire/ -- NPower, a national nonprofit that brings information technology (IT) services to nonprofits and training to young adults, today welcomed Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting and business process outsourcing services, as a new National Corporate Underwriter.
Cognizant has made a three-year financial commitment to support NPower across its entire line of services and programs. These include Technology Service Corps that provides IT training and career development to disadvantaged young adults; The Community Corps, which connects skilled corporate IT volunteers with nonprofits in need; and IT Professional Services, which provides nonprofits with a range of managed services and consulting programs.
"Cognizant is a strong proponent of advancing science, technology, engineering and math (STEM) education in the U.S. Our partnership with Cognizant undoubtedly will provide a powerful boost to our mission to help young adults build brighter futures through careers in IT as well as supplying IT solutions to nonprofits in need," said Stephanie Cuskley, NPower's CEO.
"We are delighted to have Cognizant, a like-minded organization, join the NPower team," added Michele Trogni, Group Chief Information Officer, UBS, and a Cognizant client, who serves as Treasurer on the NPower board. "With its depth of expertise in cutting-edge technology and its dedication to volunteerism, Cognizant understands the transformative power of technology and will be a hugely valuable addition to the NPower board."
"NPower's programs offer life-changing opportunities for young adults, and address one of the largest unmet needs of nonprofit organizations — IT expertise," said Mark Greenlaw, Vice President, Sustainability and Educational Affairs, Cognizant. "Cognizant's employees around the world have always shown passionate volunteerism in their communities, and we look forward to tapping into that spirit to provide skills-based volunteer time to serve the people and the nonprofits that NPower supports."
Investing in technology education has been a top priority for Cognizant. In September 2010, Cognizant's CEO, Francisco D'Souza, joined President Barack Obama and more than 100 leading CEOs to launch Change the Equation (CTEq), a CEO-led initiative to cultivate widespread STEM literacy. CTEq is committed to achieve President Obama's Educate to Innovate campaign mission to increase private and philanthropic involvement in STEM education, while also meeting a critical need for a workforce and a citizenry fluent in science and math.
NPower is a national 501(c)(3) nonprofit headquartered in New York. It is dedicated to connecting nonprofits to the best and most affordable IT through a range of managed service, consulting and skilled IT volunteer programs, while also providing IT training to young adults. For more information, visit NPower.
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 50 delivery centers worldwide and approximately 111,000 employees as of March 31, 2011, 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.
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.