Active Research Chooses Cognizant Technology Solutions to Develop A New Class of Internet Services.NEW YORK--(BUSINESS WIRE)--Aug. 3, 1998--Cognizant Technology Solutions Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTSH), announced today that it will provide application development services to the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden start-up, Active Research, for an Internet-based market research automation system. Using a team of offshore and United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. computing professionals, Cognizant's innovative methods will enable Active Research to rapidly develop a new class of web based Coming from a Web server. See Web application. information services See Information Systems. . "Our vision of reducing market research time from months to minutes requires engineering personnel who are well versed in Internet technology," said Tom Dubois, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Active Research. "Cognizant is one of the best providers of offshore resources in the business. By working with them, we are able to rapidly expand our development staff while managing to a strict schedule and budget." "We're extremely pleased that Active Research has chosen Cognizant to work on the development of this exciting new use of the Internet," said Kumar Mahadeva, Chairman and CEO, Cognizant Technology Solutions Cognizant redirects here. For a definition of the word see the entry for at Wiktionary Cognizant Technology Solutions (NASDAQ: CTSH) is an information technology services company with headquarters in New Jersey U.S.A. Corporation. " CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . brings a broad range of capabilities including Java, OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. database integration, web server and Java development to this project. Using top quality computer talent from the U.S. and India working together as a "virtual" team, we can help Active Research get the job done quickly and effectively, since the time difference enables us to work on a 24x7 basis." Active Research will be announcing a ground breaking market research automation service in Q4 1998. Development will be aided by Cognizants' extensive communications and technology infrastructure which facilitates the seamless integration of on-site and offsite workforces, permitting team members in different locations to access common project information. About Active Research Active Research (ARI ARI Acute respiratory infection, see there ) is a leader in market research automation, providing companies in fast moving industries with immediate answers to key product questions. ARI is revolutionizing the market intelligence industry by reducing research time from months to minutes. While traditional research methods have failed to keep up with rapidly changing industries, ARI empowers managers with timely and relevant answers helping them make smarter product decisions in the face of ever changing demand. Located in San Francisco, Active Research can be reached at www.activeresearch.com. About Cognizant Technology Solutions Corporation Cognizant Technology Solutions Corporation (CTS) delivers high-quality, cost-effective, full life cycle solutions to complex software development and maintenance problems. Using an extraordinary pool of over 1,400 computer sciences and engineering professionals at its seven development centers in India, the company's services include application development, maintenance and re-engineering services, as well as year 2000 and Euro currency compliance services; and extend across a range of technologies encompassing client/server, Data Warehousing, Internet, Object-Oriented development and legacy platforms, For more information, visit CTS on the web at http://www.cts-corp.com. This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Although Cognizant believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. These statements may involve risks and uncertainties that could cause actual results to differ materially from the expected results. Such risks include, but are not limited to, the risk factors described in Cognizant's Registration Statement on Form S-1 and in other reports and periodic filings made from time to time with the Securities and Exchange Commission.
CONTACT: Cognizant Technology Solutions
Anne White, 212-887-2569
awhite@cognizantcorp.com
or
Edelman Worldwide
Audrey Merwin/Tara Molfetta, 212-704-8130/4561
audrey_merwin@edelman.com
tmolfett@edelman.com
or
For further information on Active Research contact:
Active Research
Janna Moskin, 415-437-3100 ext. 227
janna@activeresearch.com
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