Cognizant Sets up New Delivery Center in Argentina to Bolster Value to Customers



    
    CIO of Kimberly-Clark formally inaugurates the new center
    
    TEANECK, N.J. and BUENOS AIRES, Argentina, March 11 /CNW/ -- Cognizant
(Nasdaq:   CTSH), a leading provider of global consulting, software, IT
infrastructure and business process services, announced today the official
inauguration of its 35th global delivery center in Buenos Aires, Argentina.
The new center will support Cognizant's North American customers in a similar
time zone, leverage techno-functional and lingual capabilities available in
the region to service global customers, and provide a base with deep local
insights for Cognizant to service customers in South America.
    Other honored guests for the inauguration included Mr. Mauricio Macri,
Head of Government of the City of Buenos Aires; Mr. Earl Anthony Wayne,
Ambassador of the United States of America; and Mrs. Gloria Gangte, First
Secretary of the Indian Embassy in Argentina.
    Cognizant's association with Buenos Aires commenced in 2007 with a unique
model of co-creating value for Kimberly-Clark Corporation (K-C), jointly
working with their local teams. With the association with K-C growing rapidly,
and with other marquee customers in key vertical spaces like consumer goods,
retail, financial services and insurance evincing interest in leveraging same
time zone support, Cognizant has set up the new facility that has the capacity
to accommodate approximately 250 professionals.
    "Cognizant has delivered on its commitment to provide Kimberly-Clark with
a suite of global IT services and has high standards of customer satisfaction
and demonstrated capabilities in driving transformational outsourcing
programs," said Ramon F. Baez, Chief Information Officer of Kimberly-Clark.
"We are pleased to have been instrumental in helping Cognizant become a major
presence in Buenos Aires, while taking our IT function to the next higher
level. Argentina is a key location in K-C's global sourcing mix."
    "Our DNA of having a strong local relationship management with global
sourcing capabilities will be strengthened by our new Argentina delivery
center," said Francisco D'Souza, president and CEO of Cognizant. "Our
investments in newer global, regional and local delivery centers will help our
clients seamlessly harness optimal talent globally for providing
differentiated value to their end customers. It is truly an exciting time to
be in Argentina as the country continues to grow its technology exports, and
with our strong talent base in India, we look forward to being a part of the
growing relations between India and Argentina as well."
    Cognizant's Buenos Aires regional delivery will fully leverage the
recently launched Cognizant 2.0 platform. This platform enables all of
Cognizant's global, regional and local development centers to seamlessly and
virtually collaborate through one central platform using the Web 2.0
technologies and deliver significant time-to-market, cost and transformational
value to clients.
    Argentina is one of the fast growing economies worldwide due to increased
local business demand and government support. The country has high levels of
education borne out by its high rate of enrollment and strong output of
quality business and technology students in higher education. In addition to
cost advantages, sound IT and telecom infrastructure, the country offers a
rich IT talent pool with good proficiency in Spanish.
    
    About Cognizant
    
    Cognizant (Nasdaq:   CTSH) is a leading provider of information technology,
consulting and business process outsourcing services. Cognizant's single-
minded passion is to dedicate our global technology and innovation know-how,
our industry expertise and worldwide resources to working together with
clients to make their businesses stronger. With more than 35 global delivery
centers and over 55,000 employees as of December 31, 2007, we combine a unique
onsite/offshore delivery model infused by a distinct culture of customer
satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is
a Forbes Global 2000 company and is ranked among the top information
technology companies in BusinessWeek's Info Tech 100, Hot Growth and Top 50
Performers listings. Visit us online at www.cognizant.com.
    
    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.




For further information:

For further information: Press: Kirsten Paragona, Director, Cognizant 
Corporate Media Relations, +1-201-673-8379, Kirsten.paragona@cognizant.com; 
Investors: Scot Hoffman, Financial Dynamics, +1-212-850-5617, 
scot.hoffman@fd.com, for Cognizant Web Site: http://www.cognizant.com

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