CTS Company aka Cognizant Technology Solutions Corp is a multinational organization based in USA, which offers customized consulting solutions and outsourcing services to businesses across the world. Considered to be leaders
of outsourcing, the firm has its headquarters in Teaneck, New Jersey but has its business and service centers in all the major countries of the world.
Founding Date: January 26th, 1994
Company Name: Cognizant Technology Solutions Corp
Industry: IT Services/Consulting
Country: Teaneck, New Jersey, USA
Company Website: www.cognizant.com
In the Beginning
CTS Company was founded on 26th January 1994 as a technological unit of an existing firm called Dun & Bradstreet. The company was then named as Dun & Bradstreet Satyam Software and was founded with the aim of developing IT projects to simplify the processes of the organization. Once its operations got stabilized, DBBS started looking to serve other clients too.
Later in 1996, Dun & Bradstreet brought together its various subsidiaries including DBBS to form Cognizant Corporation. In the year 1997, DBBS went on to rename itself as Cognizant Technology Solutions.
As the company’s work was widely appreciated, it started concentrating more on Y2K projects and developing new applications and software.
Evolution of CTS Company
In 1998, when Cognizant Corporation split into two companies namely IMS Health and Nielsen Media Research, CTS Company went on to be the public subsidiary of IMS Health. This is when the company decided to reduce its dependence on Y2K projects and ERP implementation and move to application management. The bargain paid off and the organization’s revenue was enhanced by 37% within a year.
The company further went on a successful spree when it decided to take on maintenance of projects during the dotcom bust era.
In the year 2003, CTS Company sold out its share in the subsidiary and moved on to concentrate on business consulting and outsourcing. The services they offered included application development, supply chain management, business intelligence, CRM etc. This proved to be a positive change for the company, which propelled it to newer heights.
CTS Company Profile
CTS is a highly organized firm and follows a very globalized model to offer timely services to its clients. Though its headquarters is in New Jersey, it has a chain of offshore offices and branches across the globe. This includes countries like India, UK, Argentina, Brazil, Mexico, Canada, Spain, Hungary, Philippines and China.
The company’s operations are divided into two units, namely horizontal and vertical units. The horizontal unit focuses on various processes and technologies like BPO, Analytics, testing and mobile computing. The vertical unit focuses on manufacturing, retails, healthcare, banking and financial services etc.
With its impressive plans, CTS Company went on to be the fastest growing companies in the new millennium and was declared a Fortune 500 company in the year 2011. In spite of being a late entrant into the software arena, Cognizant was the first software company to get listed in NASDAQ 100. In 2015, it was named as the 4th best IT services company by Fortune Magazine.