Cognizant Technology Solutions to Develop Internet Applications for Nielsen Media Research.TEANECK, NJ--(BUSINESS WIRE)--April 27, 1999-- 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 NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CTSH) today announced that it will draw on its broad Internet expertise to develop a variety of new, Net-based applications for Nielsen Media Research. The Internet project work builds upon a long-standing relationship between the two companies. Cognizant Technology Solutions (CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . ) has been providing a variety of application development, maintenance and other outsourcing services to Nielsen Media Research since 1995. "We are extremely pleased that our relationship with Nielsen Media Research continues to grow," 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. , Cognizant Technology Solutions. "This new project agreement reaffirms our belief that CTS' integrated offshore/on-site approach provides a highly effective and cost-efficient approach creating high-quality, leading-edge applications for our customers." "CTS has been helping us meet our growing information technology maintenance and development requirements for nearly five years. Throughout that time, CTS has consistently shown its ability to handle large, complex projects and they have proved to be a valuable resource for us," said Kim Ross, chief information officer, Nielsen Media Research. Under the agreement announced today CTS will work on a variety of Internet application development projects for Nielsen Media Research, including an information management system that will provide a more efficient way to store and maintain demographic information used by the Company's researchers. Using a state-of-the-art, n-tier, web-based architecture, the new application will eliminate the need to install software on individual desktops, and allow researchers in all parts of the US to access the data via an Intranet. CTS will also be working with Nielsen Media Research on an on-going basis on several other Internet projects, including web-enabling mainframe-based applications, and automating quality control processes for custom research. About Nielsen Media Research Nielsen Media Research is the leading provider of television audience measurement and related services in 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. and Canada. Its services provide audience estimates for all national program sources including broadcast networks, cable networks, Spanish language Spanish language, member of the Romance group of the Italic subfamily of the Indo-European family of languages (see Romance languages). The official language of Spain and 19 Latin American nations, Spanish is spoken as a first language by about 330 million persons television, and national syndicators. Local rating services estimate audiences for each of 210 television markets in the U. S., including electronic metered service in 46 markets. Nielsen Media Research provides competitive advertising intelligence information through Nielsen Monitor-Plus, and Internet usage and advertising information through Nielsen//NetRatings. Additional information is available at: www.nielsenmedia.com. About Cognizant Technology Solutions Corporation Cognizant Technology Solutions Corporation (CTS) delivers high-quality, cost-effective, full life cycle solutions to complex IT problems. Using an extraordinary pool of more than 1,600 computer science and engineering professionals located at client sites and at its seven development centers in India, the company offers application development, maintenance and re-engineering services. CTS' core competencies extend across a range of technologies, encompassing the Internet, data warehousing See data warehouse. data warehousing - data warehouse , Web-enabling and object-oriented development as well as client/server and legacy environments. In December 1998, the Company became one of only 18 software engineering organizations worldwide to have been assessed at Level 4 of the Capability Maturity Model by the Software Engineering Institute at Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . CTS' methodologies are 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 compliant, assuring quality of design, development, production, installation and servicing. For more information, visit CTS on the web at http://www.cts-corp.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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