Cognizant, dienstverlener in IT-consultancy, technologie en business process outsourcing (BPO), kondigt de overname van Galileo Performance, aanbieder van IT Testing consulting, aan. De voorwaarden van de overname zijn niet bekendgemaakt.
Hieronder het volledige Engelstalige bericht:
Cognizant Acquires Paris-Based Galileo Performance, an Information Technology Testing Consultancy
Acquisition Expands Cognizant’s Global Testing Practice, One of the World’s Largest, And Extends Footprint in France
Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, announced today it has acquired Galileo Performance, a Paris-based provider of information technology (IT) testing consulting services. The terms of the transaction were not disclosed.
Galileo helps leading companies in France optimize and extend business performance through IT system measurement, management and testing. Galileo will expand and complement Cognizant’s fast-growing global testing practice, currently among the world’s largest with more than 10,000 testing professionals, while strengthening Cognizant’s existing business presence in France.
Outsourced testing services have been growing significantly, not only for their value in lowering the cost of quality assurance and software maintenance, but also for ensuring tighter alignment of IT with business objectives, greater operational effectiveness, and improved governance and risk mitigation. Industry research firm IDC forecasts a five-year CAGR of 19% for discrete global testing services, reaching an estimated $17.7 billion by 2013*.
“We welcome Galileo’s talented consultants to Cognizant. The acquisition will enable Cognizant to bring world-class testing services to the French market, and the addition of French-speaking consultants will help us better serve our customers in the region,” said Francisco D’Souza, President and CEO, Cognizant.
“We are delighted to join Cognizant. With a shared commitment to client satisfaction and delivery excellence, together we can deliver a comprehensive suite of software testing services spanning consulting, enterprise services and functionality testing, with a native French-speaking capability,” said Abel Guerrini, Managing Director, Galileo Performance.
“New virtualized business and technology architectures require that quality assurance and testing organizations transform themselves into full lifecycle partners, working with business users, developers and others within and outside of the client organization to champion software quality,” said Sumithra Gomatam, Senior Vice President and Global Head of Cognizant’s Testing Practice. “We look forward to working with the Galileo team to expand Cognizant’s testing services in the French market, and to bring innovative testing services including managed test centers as well as virtualized and cloud-enabled testing to clients.”
* IDC, “Worldwide Discrete Testing Services 2009–2013 Forecast: Stepping Out from the Shadows,” Doc # 219959, Sept. 2009.
BERICHT VOOR DE REDACTIE
About Galileo Performance
Galileo Performance is a consulting firm dedicated to the measurement, management and continuous optimization of IT system performance. Staffed by a team of 29 experienced professionals, Galileo Performance offers its clients proven solutions and cost efficiencies. More information is available at http://www.galileo-performance.fr .
Over Cognizant
Cognizant (Nasdaq: CTSH) is een vooraanstaande dienstverlener in IT-consultancy, technologie en Business Process Outsourcing (BPO). Cognizant werkt samen met klanten om hun bedrijfspositie sterker te maken. Zij doen dit met hun wereldwijde kennis van technologie, innovatie en de industrie. Met meer dan 50 locaties wereldwijd en ruim 85.500 medewerkers (31 maart, 2010) combineert de organisatie een uniek wereldwijd leveringsmodel met een cultuur gericht op klanttevredenheid. Cognizant is opgenomen in de NASDAQ-100 Index en de S&P 500 Index. Verder is Cognizant een Forbes Global 2000-organisatie, lid van de Fortune 1000 en wordt het bedrijf genoemd als top IT-dienstverlener in BusinessWeek’s Hot Growth en Top 50 Performers. Meer informatie: 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.
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