MEDIA RELEASE PR37375
Cognizant Opens Expanded Toronto Delivery Center to Serve Canadian, U.S. and Global
Clients
TEANECK, N.J., Dec. 3 /PRNewswire-AsiaNet/ --
Toronto Center to Enhance Near-Shore Delivery Capabilities
Across Full Spectrum of Consulting and IT Service Offerings
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.
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 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
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 Technology Solutions
CONTACT: Catherine Marenghi,
Public Relations,
+1-781-223-8673,
catherine.marenghi@cognizant.com
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