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Cognizant

Cognizant is a multinational technology company that provides IT services, including digital, technology, consulting, and operations services. Founded in 1994 as a technology arm of Dun & Bradstreet, Cognizant has grown to become one of the world's leading professional services companies, helping clients transform their business, operating, and technology models for the digital era.

Creation Time:2024-05-19 15 key nodes English

The Timeline

1994 — 2023

  1. 1994

    Foundation of Cognizant

    Cognizant was founded as Dun & Bradstreet Satyam Software (DBSS) in Chennai, India. It began as an in-house technology unit of Dun & Bradstreet.
  2. 1996

    Spin-off and Renaming

    The company was spun off from Dun & Bradstreet and renamed Cognizant Technology Solutions. It started focusing on providing outsourced IT services.
  3. 1998

    IPO on NASDAQ

    Cognizant went public with an initial public offering (IPO) on the NASDAQ stock exchange, raising significant capital for expansion.
  4. 2002

    First Billion-Dollar Revenue

    Cognizant achieved $229 million in revenue, marking its first significant milestone towards becoming a billion-dollar company.
  5. 2004

    Cognizant was listed on the Fortune 1000 list for the first time, reflecting its rapid growth and success in the IT services industry.
  6. 2006

    Entry into the Fortune 500

    Cognizant entered the Fortune 500 list, showcasing its continued growth and establishment as a major player in the global IT services market.
  7. 2008

    Acquisition of UBS India Service Centre

    Cognizant acquired UBS India Service Centre, enhancing its capabilities in the financial services sector.
  8. 2011

    Crossing $6 Billion Revenue

    Cognizant's revenue surpassed $6 billion, highlighting its significant expansion and success in the IT services industry.
  9. 2013

    Acquisition of ValueSource NV

    Cognizant acquired ValueSource NV, a Belgium-based IT services company, to expand its presence in Europe.
  10. 2014

    Acquisition of TriZetto

    Cognizant acquired TriZetto Corporation, a healthcare IT software and solutions provider, for $2.7 billion, significantly boosting its healthcare capabilities.
  11. 2016

    Leadership Change

    Francisco D'Souza stepped down as CEO, and Brian Humphries took over the leadership of Cognizant.
  12. 2018

    Acquisition of Softvision

    Cognizant acquired Softvision, a digital engineering and consulting company, to strengthen its digital capabilities.
  13. 2020

    Acquisition of Lev

    Cognizant acquired Lev, a digital marketing consultancy, to enhance its Salesforce consulting capabilities.
  14. 2021

    Acquisition of ESG Mobility

    Cognizant acquired ESG Mobility, a digital automotive engineering R&D provider, to expand its footprint in the automotive sector.
  15. 2023

    Expansion in Digital Business

    Cognizant continued to expand its digital business services, focusing on cloud, AI, and IoT solutions to drive growth in the digital era.

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