Cognizant Selected by Harris Corporation to Transform Software Product Engineering, Fuel Innovation for Broadcast Industry Customers
By Cognizant, PRNEWednesday, April 14, 2010
Cognizant to Enable New Product R&D, Support Current Harris Media Management Software Portfolio
TEANECK, New Jersey, April 15, 2010 - Cognizant (Nasdaq: CTSH) (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)
(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
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
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.
Media, Catherine Marenghi, Public Relations, +1-781-223-8673, catherine.marenghi at cognizant.com
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