T-Systems & Cognizant join to expand their businesses

RELATED NEWS Cognizant to raise global headcount by 19,600 in 2008 Cognizant qtrly revenue increased to $600.0mn, up 41% Merck selects Cognizant as strategic partner Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

Deutsche Telekom's enterprise customer division, T-Systems , and global IT services provider, Cognizant (NASDAQ: CTSH), today announced that they have entered into a truly global Systems Integration alliance. The alliance is primarily aimed at catering to European corporations with global delivery requirements for system integration services. This unique partnership--between a global delivery IT powerhouse and a European giant-will enable customers to leverage the benefits of global delivery.

 

The partnership combines the onsite and offshore expertise of T-Systems and Cognizant across industry segments with an enhanced geographical footprint, a broader range of service offerings, and greater access to the best global talent. The new alliance will draw upon a combined talent base of over 110,000 employees worldwide, comprising more than 40,000 employees working offshore. Expanded operations in key geographies-Europe, Americas and Asia-are expected to significantly augment the growth of the two companies. As part of the new business partnership, T-Systems India and its approximately 1150 employees will be transferred to Cognizant, subject to appropriate regulatory clearance.

 

By harnessing the onsite, near-shore and offshore strengths of T-Systems and Cognizant, the partnership will facilitate the adoption of a global services delivery model in and beyond Europe that will enable the customers to save costs through labor arbitrage and drive business transformation and innovation through a powerful front-end deeply rooted in the local business environment. The two companies will provide customers with the synergy of local business power-business culture, language capabilities and operating philosophy-and global resources.  

 

"This new alliance will make global delivery a reality in Europe. Strategically we are the first to give our customers unprecedented access to a new