Cognizant Technology Solutions Corporation is an American multinational company that provides digital, technology, consulting, and operations services to businesses across various industries. It was founded in 1994 in New Jersey, United States, by Kumar Mahadeva and Francisco D'Souza. The company operates in over 40 countries and has a workforce of more than 300,000 employees, making it one of the largest employers in the IT services industry.
Cognizant's services are divided into four business segments: Digital Business, Digital Operations, Digital Systems and Technology, and Digital Engineering. The company provides solutions and services in areas such as artificial intelligence, blockchain, cloud computing, cybersecurity, data analytics, digital strategy, Internet of Things (IoT), and mobile applications. Cognizant serves clients in various sectors, including financial services, healthcare, retail, manufacturing, and technology.
Cognizant's focus on innovation and digital transformation has led to partnerships with leading technology companies such as Microsoft, Google, and Amazon Web Services (AWS). In addition to partnering with other companies, Cognizant has also made strategic acquisitions to expand its capabilities and offerings. For example, in 2018, the company acquired Bolder Healthcare Solutions, a provider of revenue cycle management solutions, to strengthen its position in the healthcare sector.
The company has received recognition for its commitment to sustainability and responsible business practices. In 2021, Cognizant was ranked among the World's Most Ethical Companies by the Ethisphere Institute for the sixth consecutive year. Additionally, the company has set ambitious sustainability goals, including a commitment to achieving net-zero greenhouse gas emissions by 2040 and a pledge to reduce its plastic waste by 50% by 2025.
Cognizant has faced some challenges in recent years, including allegations of visa fraud and a $70 million settlement with the US Securities and Exchange Commission over bribery charges. However, the company has taken steps to address these issues, including implementing a compliance program and strengthening its corporate governance practices.