2021 Vault Rankings
At a Glance
"Growing, innovative, excellent business model."
"Flexibility across geographies."
"The energy and passion to be successful."
"Lack of co-ordination and top down leadership."
"The view outside of Cognizant of who we are versus who we are trying to become."
"Very good in their niche."
"Low cost IT firm."
"Up and coming."
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey the firm has over 100 development and delivery centers worldwide and approximately 217,700 employees as of March 31, 2015. Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world.
Cognizant serves top clients across key industry sectors (such as Banking, Financial Services and Insurance, Healthcare, Life Sciences, Manufacturing & Logistics, Retail & Consumer goods, Information, Media & Entertainment, among others).
Cognizant delivers innovative solutions through consulting and IT services with an industry vertical focus. The firm's spectrum of consulting services (Business Strategy, Process and Operations Consulting, Technology Consulting and Business Analysis) is focused on driving transformation, innovation, and optimization for clients. Cognizant drives and executes large business and IT transformation programs, and management consulting engagements. The company also helps clients position better compared to their competitors by conceptualizing and building innovative solutions. With a leadership team comprised of veterans of top tier consulting firms and the industry, Cognizant claims to be building "a global talent base to provide 'Tier 1' consulting services with a deep domain expertise."
Not your parents' outsourcing
The firm believes it offers a unique benefit to clients with its advanced on-site/offshore outsourcing model. Off-shoring, originally a means of taking care of low-impact business processes with inexpensive labor, was essentially a low-cost augmentation of staff. The practice has grown and developed, however, moving into systems of greater complexity and important production-based processes. Indeed, so far removed is what Cognizant offers from the initial portrayal of outsourcing as "cheap labor," the firm has been known to refer to its global delivery model as the "fourth generation" of outsourcing. While it retains the economic advantage and "follow the sun" capability (24/7 attention by passing work across time zones) of off-shoring, Cognizant has the additional ability to offer on-site teams with the sort of industry experience and advanced technology expertise that wouldn't have been found outside of Western markets in the early days of outsourcing. This makes it possible for projects of nearly any complexity or scale to be outsourced or completed on a global scale.
Indeed, scale is not a problem the company seems to struggle with, in any sense of the word. Having started with just 175 employees back in 1994, the firm has grown rapidly ever since, passing the 100,000 barrier for the first time in 2010.
Friends in the industry
Cognizant also partners with some of the largest software and technology organizations in the world. It has forged strategic alliances with Microsoft, Oracle, SAP and IBM, and maintains technology-sharing partnerships with Adobe, HP, Sun Microsystems and other companies whose products and services enhance its own offerings.
Over the years, the firm has also made a number of strategic alliances and acquisitions to strengthen its offerings and broaden its global footprint. These include:
In 2008 the firm joined up with Germany's T-Systems—the enterprise customer division of Deutsche Telekom—to form a global systems integration alliance.
In 2009, the firm announced a global product research and development relationship with Invensys Rail. Other acquisitions that year included UBS India's service center, which enhanced Cognizant's leadership position in banking and financial services, and IT infrastructure services specialists Pepperweed Advisors.
In 2010, Cognizant acquired PIPC, a global program management consulting firm, and Paris-based Galileo Performance, an IT testing consultancy.
In 2011, Cognizant acquired CoreLogic's India operations, expanding the organization's Mortgage Services portfolio.
More recently, in 2014, Cognizant acquired itaas, a digital video solutions company headquartered in Atlanta, Georgia, an acquisition that positions the firm to capitalize on the growing demand for greater interactivity, higher personalization, and innovative content delivery in the multi-screen and video market.
Also in 2014, Cognizant acquired TriZetto Corporation for $2.7 billion in cash, an acquisition that aims to accelerate Cognizant's market position and strategy of delivering innovative healthcare software and solutions to a wide range of healthcare clients.
In October 2014 the firm acquired Cadient Group, a full-service digital marketing agency that serves a broad spectrum of life sciences companies in the pharmaceutical, biotechnology, consumer health, and medical device industries. The following month, Cognizant announced the acquisition of Odecee, a leading provider of digital solutions to enterprises in the Australia and New Zealand region. This acquisition is aimed at further strengthening Cognizant's digital business transformation expertise and expands its portfolio of tools and services to help clients create digital enterprises that capitalize on new business models, drive innovative products and services, enhance workforce productivity, and improve customer experience.
When Cognizant's professionals aren't at work on an engagement, they stay involved in the business by publishing research papers and studies. Cognizant frequently releases white papers; recent topics include the transition to new business models, a discussion on strategic cost optimization – driving innovation while reducing IT costs, the importance of big data analytics in banking and how to drive innovation through innovative IT services management The firm additionally participates in conferences, summits and other events year round.
Empowering through education
Cognizant continuously challenges itself to make a difference in areas such as education, the environment and employee development, health and safety. For example, the company has a major commitment to science, technology, engineering and math (STEM) education in the U.S., supporting 25 Making the Future after-school and summer programs in 2013, and helping to found US2020, which aims to mobilize one million volunteer STEM mentors annually by 2020. In 2013, Cognizant also made a three-year, $150,000 commitment to help fund university-sponsored STEM education programs at Texas A&M University.
In June 2014, Cognizant announced that it will triple the size of its 'Making the Future' program to expand and enhance STEM education in the U.S. As part of its commitment to ensuring that the U.S. has a skilled, knowledge-based workforce that can continue to meet the challenges of the global knowledge economy, Cognizant will support 1.5 million hours of 'making' program activities and events to serve 25,000 children in 200 communities by 2017.
The firm is also active in other areas of the social sector. The Cognizant Foundation (CF), is the firm's corporate social responsibility arm, with a mission to improve the lives of underprivileged sections of society, through focused activities in the areas of education, skill development, healthcare and livelihood.
Additionally, Outreach, Cognizant's employee-led social volunteering program, focuses on improving the quality of life in India (and, increasingly, in other regions) in the area of education. Outreach volunteers participate in a wide variety of grassroots initiatives, with an emphasis on encouraging high-value efforts that can positively impact students' performance in areas such as classroom teaching, career counselling, inter-school competition coaching, and leading educational trips.
500 Frank West Burr Boulevard
Teaneck, NJ 07666
Phone: (201) 801-0233
Employer Type: Public
Stock Symbol: CTSH
Stock Exchange: NASDAQ
CEO: Francisco D'Souza
2015 Employees (All Locations): 217,700
Teaneck, NJ (HQ)
More than 100 development and delivery centers worldwide
Business Model and Future of Work
Merger and Acquisition Strategy
Merger Integration and Divestiture Services
Digital Strategy and Innovation
Business and Technology Strategy Alignment
CMO and Marketing
Data and Analytics
Target Operating Model
Business Process Improvement and Reengineering
Global Sourcing Transformation
Supply Chain Management
IT Strategy and Transformation
IT Digital Strategy and Architecture
IT Cost Optimization
SMAC Advisory (Social, Mobile, Analytics, Cloud)
Enterprise Architecture Consulting
IT Process Quality Engineering and Transformation
Program Advisory and Management Services
Risk Planning and Mitigation
Large-scale Portfolio Management and Prioritization Services
SMAC (social, mobile, analytics and consulting)
Application Development and Systems Integration
IT Infrastructure Services
Business Process Services