CIMdata PLM Industry Summary Online Archive
16 July 2009
Company News
Cognizant Announces a Global Product Research and Development Relationship with Invensys Operations Management
Cognizant a leading provider of consulting, technology, and business process outsourcing services, announced a global product research and development alliance with Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries.
As a part of this relationship, Cognizant has signed an initial five-year, multi-million dollar contract with Invensys Operations Management to augment and maintain Invensys' suite of products, and bring in greater operational efficiency, scalability, consistency and cost-effectiveness to its global product R&D processes. To realize this goal, offers to join Cognizant will be made to over 400 Invensys Operations Management professionals from its existing R&D center in Hyderabad.
This relationship will strengthen Cognizant's strong presence in the manufacturing industry and strengthen its ability to provide end-to-end services to its customers. It will enable Cognizant to further expand its customer base in discrete manufacturing, process manufacturing, energy and utilities, pharmaceutical, and consumer goods segments with services and offerings in Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM), and Enterprise Asset Management (EAM). These offerings will be supported through global engineering services in the areas of product design and development, industrial automation and control, and asset reliability engineering, leveraging Cognizant's proven global delivery model and presence around the world to provide localized and industry-specific skills.
"This relationship is significant," said Sudipta Bhattacharya, Chief Executive Officer and President, Invensys Operations Management. "The manufacturing technology market is at an inflection point as companies move to seamlessly stitch plant floor applications to enterprise applications to access and act on real-time manufacturing information. There is significant innovation happening at this intersection of the real-time manufacturing execution world and the transaction based enterprise world. In Cognizant we have found a partner who shares our vision around where the market is headed for the next generation of engineering services and manufacturing operations solutions, and brings synergistic product development and software engineering capabilities and leading edge tools like Cognizant 2.0 to realize this vision. We expect to be able to learn from the strengths each of us brings to the table."
"We are pleased to partner with Invensys Operations Management and welcome on board their highly talented and experienced professionals in Hyderabad," said Francisco D'Souza, President and CEO, Cognizant. "Cognizant is committed to working with Invensys Operations Management by leveraging these talented individuals, and we are confident we will significantly augment Invensys' ability to innovate and ramp up the delivery of products by blending that talent with our own world-class consulting, enterprise integration, services-based architecture, business intelligence, supply chain and product lifecycle management capabilities. This multi-dimensional relationship, along with the domain expertise that Invensys Operations Management provides, will help both companies solidify our leadership positions in the manufacturing space, expand our range of capabilities in engineering services, and jointly drive further growth in many of the verticals where we have, and will continue to demonstrate, thought leadership. We believe such collaborative innovation is the wave of the future and we are excited at the possibilities that will come about through this relationship."
To learn more about Invensys Operations Management, visit http://www.invensys.com.
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