Cognizant Launches Dallas Office to Meet Increased Demand For e-Business and Application Management Services.Business & Technology Editors TEANECK, N.J.--(BUSINESS WIRE)--June 29, 2000 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 (Nasdaq: CTSH), a leading provider of e-business and application management solutions, today announced that it is expanding its national presence with the opening of an office in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . Cognizant cog·ni·zant adj. Fully informed; conscious. See Synonyms at aware. [From cognizance.] Adj. 1. is recognized as The Best Small Company in Forbes magazine's listing of the 200 Best Small Companies in America, and one of Business Week magazine's top 20 hottest growth companies. "Demand for Cognizant's e-business and application management services continues to be very strong with more than 10 new customers added so far this quarter. Our e-Business services now account for approximately 30% of revenues, generated primarily from established companies building online strategies to compete in the new economy," said Kumar Mahadeva, Chairman and Chief Executive Officer. "By opening a Dallas office we will be able to better serve our growing client base in our central region." "The opening of the Dallas office represents a continuation of the investment we began a year ago in strengthening Cognizant's sales and marketing infrastructure," added Gordon Coburn, Chief Financial Officer. "This investment has resulted in the strongest sales pipeline, and highest rate of new customer wins, in our company's history." About Cognizant Technology Solutions Cognizant delivers high-quality, cost-effective, full life-cycle solutions to complex software development and management problems. Cognizant employs more than 2,400 computer science and engineering professionals globally and at its eight development centers in India. The company specializes in e-business and application management. Cognizant has been assessed at SEI/CMM Level 4 and is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified See certification. across all of its development centers. For more information, visit Cognizant on the web at http://www.cognizant.com. This press release includes statements which may constitute 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. 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. |
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