Founded in 1994 as a division of Dun & Bradstreet Corporation, Cognizant Technology Solutions began doing large-scale full life cycle software projects. This background has helped them to build an e-business and outsourcing powerhouse capable of delivering 24x7 project management on the largest software projects, backed by a world class R&D organization that helps clients manage through rapid changes in technology. Its unique value proposition of better, faster, and less expensive development and management is compelling its many clients in the US and Europe, most of whom regard it as a long-term partner helping them to achieve their business objectives.

Having gone public in 1998 (NASDAQ: CTSH), they were awarded "IPO of the Year" by Red Herring magazine. In 1999, the New Jersey Technology Council chose it "Public Company of the Year". Cognizant is the employer of choice in India, the Top Solution Provider in Business Week magazine's list of Hot Growth Companies and according to Forbes, The Best Small Company in America. Headquartered in Teaneck, New Jersey, it has sales offices located in Atlanta, Chicago, Dallas, Minneapolis, Los Angeles, San Francisco, Toronto, London and Frankfurt. It has development facilities in India spread across Chennai, Kolkata, Pune, Hyderabad and Bangalore.

Cognizant was founded in 1994 as the in-house technology development center for The Dun and Bradstreet Corporation (D&B) and its operating entities. During the first two years, Cognizant's objective was to service The D&B group of companies including D&B Information Services, AC Nielsen, Nielsen Media Research and IMS Health. Cognizant was fortunate to work with global leaders in their respective areas of businesssuch as credit rating, information research on fast moving consumer goods, television and radio spot rating, and healthcare information research. In 1996, Cognizant took a conscious decision to service companies outside of The D&B Corporation to provide greater value to the D&B Corporation by leveraging cross-industry and cross-enterprise best practices, to provide its employees a richer and faster career progression, and to grow its business.

In June 1998, Cognizant completed its initial public offering and got listed on NASDAQ under the symbol CTSH, and by the end of 2004, Cognizant was added to the NASDAQ 100 Index, joining marquee names such as eBay, Intuit, Yahoo, Amazon, Microsoft, Starbucks and Dell that defined newer business paradigms. From servicing a single customer to servicing about 250 customers, from about 200 employees in 1994 to over 22,500 by the end of 2005, from revenues of under $2 mn to approximately $881 mn (our guidance) in calendar 2005, Cognizant has come a long way. It is today seen as the fastest growing IT services company globally and is seen by customers as their most preferred partner for solutions to business problems, leveraging technology and processes

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