Cognizant Expands Presence with United States Cold Storage, Inc., a Swire Group Company.Business Editors TEANECK, N.J.--(BUSINESS WIRE)--Jan. 29, 2002 US Cold Storage Partners with Cognizant cog·ni·zant adj. Fully informed; conscious. See Synonyms at aware. [From cognizance.] Adj. 1. for Technology Strategy, Architecture, and Implementation, as well as Application Outsourcing 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. Corp. (Nasdaq: CTSH), a leading provider of custom software development, integration and maintenance services, announced today that it has expanded its relationship with US Cold Storage for high end IT services including technology strategy, consulting and architecture, as well as for applications outsourcing. "We continue to deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. our relationship with Cognizant because they are team-oriented, highly responsive, provide flexibility and scalability to quickly ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale large project teams, and have multiple competencies," said Tim Brennan, IT Director at US Cold Storage. US Cold Storage is partnering with Cognizant to build a state-of-the art transportation management solution. A team from Cognizant, including experts in logistics and operations research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of from Cognizant's R&D group, researched how to use technology to solve complex business problems related to optimizing US Cold Storage's logistics operations. "Cognizant proposed a system architecture design incorporating the most advanced internet-based software running on an extremely reliable IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) hardware platform. This, combined with their ability to develop a system that will be completely customizable to fit USCS's unique logistics requirements, gave them a clear edge over the highest rated commercially available logistics software packages," said Larry Alderfer, Director, Transportation for US Cold Storage. "Our past experiences with Cognizant gave us the confidence of their ability to deliver on-budget and on-time." Cognizant's work with US Cold storage has also expanded to include e-Business systems development and application outsourcing services for USCS's warehouse management and customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue systems. "Cognizant is increasingly able to provide more services for each client, including high end services such as architecture and technology strategy consulting," said Kumar Mahadeva, Chairman and 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. of Cognizant. "This means that customers have a trusted one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. , and Cognizant has access to larger IT budgets." About Cognizant Technology Solutions Cognizant Technology Solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration and maintenance services that links 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 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. (as defined in 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). 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 Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission. |
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