TEANECK, N.J., Nov. 3, 2011 /PRNewswire/ -- Cognizant (NASDAQ:
CTSH), a leading provider of information technology, consulting,
and business process outsourcing services, today announced the
successful completion of the first phase of a multiyear enterprise
platform rollout for IHS (NYSE: IHS), a global information services
firm with world-class experts in pivotal areas shaping today's
business landscape: energy, economics, geopolitical risk,
sustainability and supply chain management.
Over the years, IHS has strategically acquired companies to
bolster its capabilities in energy and power, environmental health
and safety (EHS) and sustainability, petrochemicals, and automotive
industry forecasting. Since 2007, the company has completed more
than 30 strategic acquisitions, six of them to date in 2011 alone.
With each of these acquisitions, IHS has expanded its offerings in
"information and insight" to help customers make critical business
decisions every day.
Cognizant is supporting IHS' strategy to grow through
acquisitions by rationalizing disparate systems and consolidating
financial business processes through the enterprise SAP Financials
rollout, and by providing a standardized solution across all
acquired companies and business entities to ensure consistency,
scalability, better customer service, more effective data
governance, and regulatory compliance.
"IHS selected Cognizant for this mission-critical engagement
because of its consulting-led approach, its extensive experience in
our industry, and its expertise in SAP enterprise applications. By
replacing disparate legacy systems from multiple acquisitions and
harmonizing business processes, Cognizant is supporting our growth
strategy and helping us provide the best customer experience
worldwide," said Todd Hyatt, Senior
Vice President and Chief Information Officer of IHS. "Because of
its own client-centric culture, Cognizant understands our distinct
focus on customer delight. Cognizant's collaborative work processes
blended seamlessly with our team-based approach, engaging with our
business experts from all functional areas and business entities,
and making the implementation a positive experience."
"Close collaboration with IHS executive management, business and
IT, combined with our deep functional and technical expertise in
SAP, enabled this transformative initiative that will be the
platform for seamlessly integrating the acquired companies," said
Ashish Mahadwar, Senior Vice President and Practice Head for SAP at
Cognizant. "We appreciate the opportunity to optimize and
strengthen IHS' core business processes, and we look forward to
continuing our collaboration to drive their long-term growth and
scalability. Our close partnership with SAP has helped us identify
and mitigate risks early, and fulfill IHS key business objectives
on time."
About IHS
IHS (NYSE: IHS) is the leading source of information and insight
in critical areas that shape today's business landscape, including
energy and power; design and supply chain; defense, risk and
security; environmental, health and safety (EHS) and
sustainability; country and industry forecasting; and commodities,
pricing and cost. Businesses and governments in more than 165
countries around the globe rely on the comprehensive content,
expert independent analysis, and flexible delivery methods of IHS
to make high-impact decisions and develop strategies with speed and
confidence. IHS has been in business since 1959 and became a
publicly traded company on the New York Stock Exchange in 2005.
Headquartered in Englewood,
Colorado, USA, IHS employs more than 5,100 people in more
than 30 countries around the world. Visit us at www.ihs.com.
About Cognizant
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 130,000 employees as of September 30, 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.
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