Cognizant and CyberSource Announce E-Business Alliance; Agreement Supports Cognizant's Strategy to Provide Business-to-Business and Business-to-Consumer Solutions.Business Editors & High Tech Writers TEANECK, N.J. and SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Jan. 5, 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), and CyberSource(R) Corporation (Nasdaq: CYBS CYBS CyberSource (NASDAQ symbol) ) today announced that Cognizant will combine CyberSource's real-time eCommerce transaction services with its e-business capabilities. Cognizant is a provider of e-business application development, integration and management services. Cognizant is the "Best Small Company in America" according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forbes magazine. "The ability to make secure online financial transactions is a big component for e-business," 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 agreement is another step in providing an extensive suite of services to help customers succeed in the digital economy." Cognizant will help organizations integrate the CyberSource Internet Commerce Suite(SM) with existing IT assets so they do can business over the Internet. Cognizant is a specialist in helping customers build, integrate and manage the combination of back-office applications and new web applications required for powerful e-business transformation. "Entering into this marketing agreement with Cognizant will further our ability to reach enterprise customers," said Erna Arnesen, vice president of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Field Operations, CyberSource. "We are impressed with the high level of quality and customer service that Cognizant offers its customers and we are optimistic about the potential of this relationship." The Cognizant E-business Service Offering combines sophisticated e-business application development skills with the capability to integrate new applications and websites with mainstream and legacy systems, and to manage applications on an on-going basis. This powerful enterprise-scale and enterprise-wide e-business solution delivery capability is driven by Cognizant's onsite/offshore SEI/CMM Level 4 delivery model. This model provides a unique combination of the skills, quality, R&D capability, and 24x7 service required to create integrated e-business systems fast, and in a cost-effective manner. Cognizant leverages its leading-edge skills in e-business applications development and enterprise application integration. Cognizant has established competencies in data intensive environments that include large-scale transaction processing systems, large databases, high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. requirements and sophisticated distributed networks. About CyberSource CyberSource is a leading developer and provider of eCommerce transaction services, and a pioneer in the area of Internet fraud A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person of property or any interest, estate, or right by a false representation of a matter of fact, whether by providing misleading information or by concealment of detection. More than 800 Internet merchants in more than 26 countries have chosen to use CyberSource services. CyberSource provides mission-critical reliability with the CyberSource Internet Commerce Suite(SM), offering merchant-controlled, real-time services including Payment Services, Tax Services, Risk Management Services, Distribution Control Services, and Fulfillment Management Services. Customers of CyberSource include leading Internet merchants including Amazon.com, Beyond.com, BUY.COM, Casio, Compaq Computer, Nike.com, Rx.com, Remedy and Shopping.com. For more information visit http://www.cybersource.com, or email to info@cybersource.com or ir@cybersource.com About Cognizant Technology Solutions Cognizant delivers high-quality, cost-effective, full life-cycle solutions to complex software development, maintenance and re-engineering problems. Cognizant employs more than 2,000 computer sciences and engineering professionals at client sites and at its eight development centers in India. The company's areas of expertise include data warehousing See data warehouse. data warehousing - data warehouse , e-business, object-oriented development, client/server and legacy systems. Cognizant's development centers have been assessed at SEI/CMM Level 4, and its 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 certified. Forbes picked Cognizant as the best small company in America, in the November 1, 1999 issue. For more information, visit Cognizant on the web at http://www.cognizant.com. 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. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion