MEDIA RELEASE PR37756
Houghton Mifflin Harcourt Selects Cognizant to Establish HMH Digital Transformation Lab and Drive
Operational Efficiencies
TEANECK, N.J., Jan. 6 /PRNewswire-AsiaNet/ --
World's Largest K-12 Education Publisher and Cognizant to
Collaborate on Developing Innovative Approaches to Digital Asset Management
business process outsourcing services, has announced that Houghton Mifflin Harcourt
selected
Cognizant as a business technology services partner. As part of the five-year
agreement, Cognizant will provide a range of IT services to drive operational
efficiencies in digital publishing technology to support Houghton Mifflin
Harcourt's continuing expansion from print products to digital channels for
its industry-leading content. In addition, Cognizant and Houghton Mifflin
Harcourt will co-establish the HMH Digital Transformation Lab, an innovation
center that will further advance research in digital asset management.
"We selected Cognizant for its extensive investment and experience
specifically in the publishing industry," said Barry O'Callaghan, CEO,
Houghton Mifflin Harcourt. "We view our relationship as extending well beyond
the boundaries of a traditional technology services provider. Both companies
share a commitment to driving innovation in publishing technology."
"We are honored to be selected as a trusted partner by such a respected
brand in the publishing world," said Francisco D'Souza, President and CEO,
Cognizant. "At a time when virtualization and digitization are driving
sweeping changes in the publishing business, Cognizant will work closely with
Houghton Mifflin Harcourt to realize the full promise of new technologies."
"We look forward to helping Houghton Mifflin Harcourt unlock incremental
efficiencies from their existing systems, using our best-in-class application
development and maintenance frameworks," said Gajen Kandiah, Senior Vice
President, and Head of the Information, Media and Entertainment practice at
Cognizant. "In addition, through the dedicated HMH Digital Transformation
Lab, we will co-innovate to develop and test new concepts that will bring
industry-changing offerings to the education market helping HMH deliver
higher value products for its customers."
About Houghton Mifflin Harcourt
Boston-based Houghton Mifflin Harcourt Publishing Company is a global
education leader and the world's largest publisher of educational materials
for pre-K-12 schools. The company publishes a comprehensive set of
best-in-class educational solutions, ranging from research-based textbook
programs to instructional technology to standards-based assessments for
students and educators. The company also publishes an extensive line of
reference works and award-winning literature for adults and young readers.
With origins dating back to 1832, Houghton Mifflin Harcourt combines its
tradition of excellence with a commitment to innovation. To learn more about
About Cognizant's Information, Media & Entertainment Practice
Cognizant's Information, Media, and Entertainment practice provides
innovative information technology, consulting, and business process services
for advertising and marketing, broadcasting, entertainment, information
services, and print and publishing firms. We form strategic partnerships with
clients to help them transform their organizations to achieve business
growth, increase operational efficiencies, and generate sustainable
competitive advantage while significantly reducing costs. We leverage our
industry-leading global delivery model to implement solutions quickly and
cost-effectively.
About Cognizant
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 over 50 global delivery
centers and more than 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
Forward-Looking Statements
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
CONTACT: Catherine Marenghi,
Public Relations,
+1-781-223-8673,
catherine.marenghi@cognizant.com
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