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.
1994
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.
1998
IPO on NASDAQ
Cognizant went public with an initial public offering (IPO) on the NASDAQ stock exchange, raising significant capital for expansion.
2002
First Billion-Dollar Revenue
Cognizant achieved $229 million in revenue, marking its first significant milestone towards becoming a billion-dollar company.
2004
Cognizant was listed on the Fortune 1000 list for the first time, reflecting its rapid growth and success in the IT services industry.
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.
2008
Acquisition of UBS India Service Centre
Cognizant acquired UBS India Service Centre, enhancing its capabilities in the financial services sector.
2011
Crossing $6 Billion Revenue
Cognizant's revenue surpassed $6 billion, highlighting its significant expansion and success in the IT services industry.
2013
Acquisition of ValueSource NV
Cognizant acquired ValueSource NV, a Belgium-based IT services company, to expand its presence in Europe.
2014
Acquisition of TriZetto
Cognizant acquired TriZetto Corporation, a healthcare IT software and solutions provider, for $2.7 billion, significantly boosting its healthcare capabilities.
2016
Leadership Change
Francisco D'Souza stepped down as CEO, and Brian Humphries took over the leadership of Cognizant.
2018
Acquisition of Softvision
Cognizant acquired Softvision, a digital engineering and consulting company, to strengthen its digital capabilities.
2020
Acquisition of Lev
Cognizant acquired Lev, a digital marketing consultancy, to enhance its Salesforce consulting capabilities.
2021
Acquisition of ESG Mobility
Cognizant acquired ESG Mobility, a digital automotive engineering R&D provider, to expand its footprint in the automotive sector.
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.
