Cognizant Announces Expansion of Teaneck Offsite Development Facility; Teaneck Facility Has the Capabilities to Meet Unique Requirements of Several Specific Customers.

Business/Technology Editors

TEANECK, NJ--(BUSINESS WIRE)--April 1, 2002

Cognizant Technology Solutions (NASDAQ: CTSH) today announced that it has completed the expansion of its Teaneck, NJ, center to support offsite developers and consultants for key clients.

The expanded center will have the capability to provide a full range of solutions with all the benefits offered by Cognizant's leading onsite/offshore model.

"We are expanding the Teaneck facility to meet the demand from key clients to take on a broader range of work, including work that is best performed offsite in the US," said Kumar Mahadeva, Chairman and CEO of Cognizant. "The facility is becoming a necessity as we move to higher value architecture and industry vertical work, which requires that US-based experts share their specialized resources across many clients. The facility also allows us to serve clients with space limitations at their facilities, and those who want to diversify by having IT operations at multiple locations to support their business continuity plans."

"This is a significant expansion of Cognizant's capabilities to do work close to customers, while still offering substantial cost savings for projects," said Marty McCaffrey, a principal with Go Global Outsourcing, a consulting firm specializing in assisting companies with their offshore selection. "They are known for nimbleness, management flexibility, and responsiveness to meet unique client requirements and they are staying ahead of the curve with the expansion of the facility."

"We have used Cognizant's traditional onsite/offshore model and derived enormous benefits including low cost, high quality, and fast-turnaround," said Larry Israelite, Senior Vice President for Forum Corporation. "This new facility will further enhance the ability for clients to leverage all the benefits of Cognizant's model. Cognizant's model has worked well for the development and maintenance of Forum's offerings."

About Cognizant Technology Solutions

Cognizant Technology Solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration and maintenance services that link e-business with core information systems for companies worldwide. Cognizant operates under a high quality, high value onsite/offshore model that enables better, faster and more cost effective development and deployment of large-scale systems across a wide range of transaction intensive business needs.

Its 3,900 employees are committed to partnerships that sustain long-term, proven value in order to win in today's global marketplace. Cognizant was listed as one of the "Best Small Companies in America," by Forbes and as the top solutions provider and one of the top 200 Hot Companies by Business Week. Cognizant has been assessed at SEI/CMM Level 5, the highest possible rating.

Certain statements contained herein, including statements regarding the development of the Company's services, markets and future demand for the Company's services, projections on future growth potential, and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, reliance on large projects, concentration of revenue, ability to attract and retain professional staff, dependence on key personnel, ability to manage growth effectively, risks associated with rapid technological advances, risks associated with possible acquisitions, risks associated with the Company's strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission.