Cognizant Selected as The 'Best U.S. Company in India' by Indo-American Chamber of Commerce.TEANECK, N.J. -- Cognizant (Nasdaq: CTSH), a leading provider of IT services, today announced that it was chosen as the "Best U.S. Company in India" for 2005 as part of the first Indo-American Corporate Excellence (I-ACE) Awards instituted by the Indo-American Chamber of Commerce (IACC IACC International Association of Conference Centers IACC Interagency Autism Coordinating Committee (DHSS) IACC International Anti-Corruption Conference IACC International AntiCounterfeiting Coalition ). Cognizant was selected for the award based on its financial performance, human capital development, corporate social responsibility and its stellar contribution to Indo-U.S. business. The award was presented to Cognizant by the 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. Consul General consul general n. pl. consuls general Abbr. CG A consul of the highest rank serving at a principal location and usually responsible for other consular offices within a country. in Mumbai India, Angus T Simmons. On receiving the award, Cognizant's President 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. , Lakshmi Narayanan Lakshmi Narayanan is the vice chairman and ex-CEO of Cognizant Technology Solutions (CTS) . He was the CEO and president of Cognizant till 2006. [1] Lakshmi has played a leading role in the global information technology industry for more than 25 years, managing divisions , said, "It's a great honor for Cognizant to accept this award. This is a prestigious recognition of our unique global business model which includes high-touch customer relationship building and execution excellence. It's also a tribute to our customers, employees and other stakeholders, and a validation of Cognizant's leadership status amongst global IT services firms." "We commend Cognizant for its stellar contribution to Indo-American trade and commerce and for winning the 'overall best U.S. company in India' award," said Farokh T. Balsara, Chairman of the Jury, I-ACE Awards and a partner with Ernst & Young. "Coinciding with the celebrations of the American Independence, through this recognition, we are celebrating successful contributions of U.S. companies leveraging India." The award function, held in Mumbai on July 2 was attended by over 500 guests, including representatives of the Indo-American business community, the U.S. Consulate, consular corps from around the world, leading professionals and celebrities. About Cognizant Cognizant (NASDAQ: CTSH) is a leading provider of IT services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant provides applications management, development, integration, and re-engineering, infrastructure management, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in , and a number of related services such as enterprise consulting, technology architecture, program management, and change management through its onsite/offshore outsourcing model. Cognizant's more than 19,000 employees are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centers in India and onsite client teams. Cognizant maintains P-CMM P-CMM People Capability Maturity Model (Software Engineering Institute) P-CMM Personnel Capability Maturity Model and SEI-CMM Level 5 assessments from an independent third-party assessor, was recently named Forbes' Best Small Company in America for the second consecutive year, and ranked among the top information technology companies in BusinessWeek's Hot Growth Companies. Further information about Cognizant can be found at http://www.cognizant.com. About Indo-American Chamber of Commerce Indo-American Chamber of Commerce is focused on promoting trade, highlighting opportunities and acting as a catalyst for developing economic growth between the two nations. Its vision is to be the principal bilateral Chamber committed to the promotion of industrial, economic, business and commercial activities between the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, and India. It protects and promotes the collective bilateral needs and interests of the Indo-US community and effectively lobbies with the two governments on significant bilateral issues affecting Indo-US commerce. 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, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion