Cognizant Prescribes It Solutions for John Deere Health Care; Cognizant Answers Technology Challenge For Today's Managed Care.Business and Technology Editors TEANECK, N.J.--(BUSINESS WIRE)--June 26, 2000 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 companies, 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. (Nasdaq:CTSH), has been selected by John Deere Health Care Inc. to assist with the transformation of its production systems by leveraging new technologies and Erisco Facets. John Deere Health Care intends to use Facets to streamline mission-critical processes for provider network information, membership and claims processing. Erisco Managed Care Technologies and Cognizant cog·ni·zant adj. Fully informed; conscious. See Synonyms at aware. [From cognizance.] Adj. 1. formed a strategic partnership in 1999 to address the broad-based IT needs of managed care organizations. The Erisco/Cognizant alliance enables managed care organizations to deploy software quickly and cost-effectively, while helping them realize greater flexibility and interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. across their enterprises, a critical requirement in today's competitive managed care environment. Work for John Deere Health Care is handled using Cognizant's on-site/offshore project execution model. Program coding, systems integration, system and unit testing (testing) unit testing - The type of testing where a developer (usually the one who wrote the code) proves that a code module (the "unit") meets its requirements. , user interface development work, data conversion and ongoing maintenance takes place at a Cognizant development center in India, while daily interaction with the client and overall project management takes place at John Deere Health Care's operations in Moline, Ill. "Managed care CIOs are under increasing pressure to leverage their organization's IT investments for optimum results at the lowest possible cost," said Francisco D'Souza Francisco D'Souza is the CEO of Cognizant Technology Solutions. He took over from Lakshmi Narayanan who was promoted as the Vice Chairman. Mr. Francisco D'Souza is among the youngest Chief Executive Officers in the software services sector at the age 38. , senior vice president at Cognizant. "They need IT solutions that are both comprehensive and flexible. By implementing and extending application software and technology, Cognizant meets their needs with cost effective solutions to the most complex IT problems." About John Deere Health Care Inc. John Deere Health Care is a manager of health benefit services that owns John Deere Health Plan, Inc., a licensed Health Maintenance Organization with service areas in Illinois, Iowa, Tennessee, and Virginia. John Deere Health Plan serves commercial employers with two or more employees. About Erisco Managed Care Technologies Founded in 1968, Erisco Managed Care Technologies is a leading provider of software-based business solutions and services for managed care organizations. Its innovative information technology solutions serve HMOs, PPOs, Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. organizations and managed indemnity organizations, which currently manage health care administration for more than 35 million lives worldwide. 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. Based on sustained revenue and earnings growth, Forbes magazine named Cognizant the best small company in its listing of the "200 Best Small Companies." 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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