COGNIZANT IN MULTI-MILLION DOLLAR R&D DEAL WITH INVENSYS RAIL
Chennai
Financial Chronicle
Cognizant has signed a five-year multimillion-dollar contract with Invensys Rail in order to serve its global product research & development needs of its group companies.
“Cognizant has signed an initial five-year, multi-million dollar contract with Invensys Rail to serve the global product R&D needs of its group companies located in the UK, Australia, Spain, and the USA”, a company press release said.
Under the agreement, Cognizant would augment Invensys Rail products, and help the company leverage Cognizant’s process maturity to bring in greater operational efficiency and cost-effectiveness to its global product R&D processes.
In view of this, offers to join Cognizant would be made to over 120 Invensys Rail professionals from its existing R&D center in Hyderabad, it said.
The tie up would help Cognizant strengthen its presence in the rail industry by enhancing its ability to provide end-to-end services to rail customers and expanding its customer base through industry-leading competencies in safety-critical application development.
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