TEANECK, New Jersey,
April 15, 2010 /PRNewswire/ --
Cognizant (Nasdaq: CTSH) (http://www.cognizant.com), a leading
provider of information technology, consulting, and business
process outsourcing services, today announced it has entered a
multiyear, multimillion-dollar strategic engagement with Harris
Corporation (NYSE: HRS) (http://www.broadcast.harris.com), an
international communications and information technology company.
Under the agreement, Cognizant will provide software development
services for the Harris portfolio of media management software
products for advertising agencies, television stations, and
broadcast and cable networks. Cognizant will work closely with
Harris on leading-edge research and development (R&D) for new
products to serve these markets.
"With the many changes taking place in media, Harris is focused
on ways to improve responsiveness to our clients and better deliver
the solutions they need to run and grow their businesses," said
Bob Duncan, Vice President and
General Manager, Media Software, Harris Broadcast Communications.
"Our collaboration with Cognizant will accelerate product
development and enhance quality by leveraging established best
practices and the powerful delivery capabilities of the Cognizant
Information, Media and Entertainment team. This strategic program
is part of our continued commitment to our clients and the services
we provide, and we are confident it will lead to new levels of
product innovation."
"At a time when digitization is driving a significant change in
broadcast media, Cognizant will work closely with Harris to help
its customers realize the full promise of new technologies and
processes," said Francisco D'Souza,
President and CEO, Cognizant. "We are honored to work side by side
with Harris to guide its customers on this transformational
journey."
"We look forward to implementing our Transform-while-Perform
methodology to help Harris achieve new levels of operational
effectiveness," said Gajen Kandiah,
Senior Vice President and Head of the Communications, Information,
Media and Entertainment practice at Cognizant. "By leveraging our
processes and methodologies, new media skill sets, centralized
governance across product lines, and 24-hour software development
life cycle, Harris will be able to scale resources to meet market
demand."
About Harris Corporation
Harris is an international communications and information
technology company serving government and commercial markets in
more than 150 countries. Headquartered in Melbourne, Florida, the company has
approximately US$5 billion of annual
revenue and more than 15,000 employees -- including nearly 7,000
engineers and scientists. Harris is dedicated to developing
best-in-class assured communications(R) products, systems, and
services. Additional information about Harris Corporation is
available at http://www.harris.com.
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 78,400 employees as of December 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
http://www.cognizant.com.
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.