Cognizant Technology Solutions Selected as Key IT Services Provider by RadioShack.Business & Technology Editors Cognizant cog·ni·zant adj. Fully informed; conscious. See Synonyms at aware. [From cognizance.] Adj. 1. Also Creates a Retail Center of Excellence to Leverage Experience and Resources TEANECK, N.J.--(BUSINESS WIRE)--March 20, 2001 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 been selected by RadioShack Corporation (NYSE NYSE See: New York Stock Exchange : RSH (Remote SHell) A Unix command that enables a user to remotely log into a server on the network and pass commands to it. It is similar to the rlogin command, but provides passing of command line arguments to the command interpreter on the server at the same time. ), the nation's largest and most trusted consumer electronics retailer, as a key IT services provider. Concurrently, Cognizant also announced the creation of its Retail Center of Excellence, where retailers can benefit from the company's experience with blue chip companies, including Ace Hardware, The Body Shop, Fingerhut and Fortunoff. Cognizant's Retail Center of Excellence helps retailers save money, vastly improve processes, and quickly integrate new technologies. Customers can leverage Cognizant's large-scale project delivery capabilities, worldwide investment in R&D, tools, methodologies, and knowledge management. "Cognizant is an important relationship for RadioShack and we expect to build an even closer relationship in the future. They continuously reinforce our faith in them," said Evelyn Follit, Senior Vice President and Chief Information Officer at RadioShack. "Cognizant's unique onsite/offshore model gives us great flexibility in putting the right resources against important projects at the appropriate time. Offshore outsourcing Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. is a key strategy at RadioShack and Cognizant is a leader in this space." "Offshore development has moved to the forefront of strategic IT initiatives among many of the Fortune 1000. In addition to cost advantage, Cognizant delivers top-notch quality and faster time-to-market, and this has been attracting clients to offshore," 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. "The creation of Cognizant's Retail Center of Excellence will bring the benefits of Cognizant's model to retail customers, a segment that is expected to experience 25% CAGR CAGR See: Compound Annual Growth Rate in e-business spending through 2004*." About RadioShack RadioShack Corporation (NYSE: RSH) is the nation's largest and most trusted consumer-electronics retailer, and offers both on- and off-line shopping capabilities. With more than 7,100 stores and dealers, RadioShack sells more wireless telephones, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. products, electronics parts, and accessories than any other retailer. It is estimated that 94 percent of all Americans live or work within five minutes of a RadioShack store or dealer. For more information, visit the RadioShack corporate web site at www.RadioShackCorporation.com 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 3,200 employees are committed to partnerships that sustain long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion