SINGAPORE, March 22, 2012 /PRNewswire-Asia/ --
Cognizant( http://www.cognizant.com )
(NASDAQ: CTSH), a leading provider of information technology,
consulting, and business process outsourcing services, today
expanded its presence in Singapore with the opening of a new
development center. The center was inaugurated by Yeoh Keat Chuan,
Assistant Managing Director of the Singapore Economic Development
Board, with Louis Mazel, Deputy Chief of Mission at the United
States Embassy in the Republic of Singapore, as the guest of
honor.
The 30,000-sq.ft. development center located within
the Changi Business Park will accommodate approximately 370
professionals and will enhance Cognizant's existing operations in
Singapore, which include regional leadership and operational
support services for Cognizant's businesses in the Asia-Pacific
region. Cognizant services a variety of key industries out of
Singapore, including Banking, Insurance, Life Sciences,
Manufacturing, Retail and Logistics, Consumer Goods, and
Hospitality.
The Singapore development center will leverage the
rich talent pool available in Singapore, and will scale up to
provide a range of services that help clients drive both efficiency
and effectiveness of operations as well as business transformation.
As is standard for Cognizant's global development centers, the
Singapore center will leverage Cognizant 2.0, a Web 2.0-based
platform that enables Cognizant associates worldwide to virtually
collaborate and deliver significant time-to-market, cost, and
transformational value to clients.
"We warmly welcome Cognizant's decision to establish
its development center here," said Yeoh Keat Chuan, Assistant
Managing Director of the Singapore Economic Development Board. "The
Singapore IT services sector employs over 30,000 people today. We
are pleased that Cognizant will add a significant number of good
jobs to the sector through this new center. We look forward to
working with Cognizant to develop and pilot new technologies in
Singapore."
"I congratulate Cognizant on the inauguration of its
first development center in Singapore," said Louis Mazel, Deputy
Chief of Mission at the United States Embassy in the Republic of
Singapore. "Cognizant has built strong credentials in Singapore in
a short period of time. With the Asia-Pacific region gaining
prominence within the global economy, Singapore has become an ever
more important business destination. Cognizant's expanded presence
in Singapore will help the Consulting, IT, and BPO industry in
Singapore increase its competitiveness and define newer
benchmarks."
"We started operations in Singapore in 2005 and have
steadily grown our presence and investment in the city-state," said
R. Chandrasekaran, Group Chief Executive, Technology and
Operations, Cognizant. "Our Singapore center will continue to
strengthen our integrated global delivery capabilities, as our
investments in new global, regional, and local delivery centers
help our clients harness specialized talent globally to meet their
requirements and risk preferences, as well as provide business
continuity. We are committed to investing in the growth of our
Singapore operations and to working closely with the academic
community in Singapore to develop talent across our full range of
services."
"Our experience in Singapore has been excellent,"
said Prakash Hemdev, Vice President and Head of Cognizant's ASEAN
operations. "With the support of an outstanding university system
and local talent pool, our Singapore center will continue to
attract technology and business professionals with deep domain
expertise. We plan to develop the new facility into a
state-of-the-art incubation center for newer technologies and
business opportunities, such as mobility and enterprise analytics.
The Asia Pacific region is seeing significant adoption of these
technologies and defining best practices for corporations
globally."
About Cognizant
Cognizant (NASDAQ: CTSH) 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 (U.S.), Cognizant combines a passion for client
satisfaction, technology innovation, deep industry and business
process expertise, and a global, collaborative workforce that
embodies the future of work. With over 50 delivery centers
worldwide and approximately 137,700 employees as of December 31,
2011, 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. Visit us
online at www.cognizant.com or follow us on Twitter:
Cognizant.
Note:
Additional information about the U.S. Embassy in
Singapore can be found at http://singapore.usembassy.gov and at
http://www.facebook.com/singapore.usembassy.
Forward-Looking Statements
This press release includes statements which may
constitute forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
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 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.
SOURCE﹛Cognizant