Editing Cognizant (section)

== History ==
Cognizant was established in 1994 in [[Chennai]], India, as Dun & Bradstreet Satyam Software (DBSS), a 76:24 [[joint venture]] between [[Dun & Bradstreet]] and [[Mahindra Satyam|Satyam Computers]], with [[Kumar Mahadeva]], and [[Srini Raju]] as the founding CEOs and MDs.<ref>{{Cite web|url=http://articles.economictimes.indiatimes.com/2010-11-06/news/27580858_1_cognizant-technology-solutions-corp-r-chandrasekaran-dbss|title=Cognizant is like a $4-billion tech startup|access-date=26 August 2016|archive-url=https://web.archive.org/web/20160916154020/http://articles.economictimes.indiatimes.com/2010-11-06/news/27580858_1_cognizant-technology-solutions-corp-r-chandrasekaran-dbss|archive-date=16 September 2016|url-status=dead}}</ref><ref name="DBSSRenamed">{{cite news |url=http://www.business-standard.com/article/specials/dun-bradstreet-satyam-to-be-rechristened-cognizant-tech-197020401001_1.html |title='Dun & Bradstreet Satyam To Be Rechristened Cognizant Tech |date=4 February 1997 |publisher=Business Standard |access-date=10 May 2016 |archive-date=5 June 2016 |archive-url=https://web.archive.org/web/20160605084953/http://www.business-standard.com/article/specials/dun-bradstreet-satyam-to-be-rechristened-cognizant-tech-197020401001_1.html |url-status=live }}</ref> It began with 50 employees in Chennai as [[Dun & Bradstreet]]'s in-house technology unit focused on implementing large-scale IT projects for Dun & Bradstreet businesses.<ref name="srinistory">{{cite news |url=http://www.businesstoday.in/magazine/features/cognizant-founding-ceo-srini-raju-investing-in-entrepreneurs/story/204107.html |title=Guiding Light |date=30 March 2014 |publisher=Business Today |accessdate=10 May 2016 |archive-date=14 May 2016 |archive-url=https://web.archive.org/web/20160514061855/http://www.businesstoday.in/magazine/features/cognizant-founding-ceo-srini-raju-investing-in-entrepreneurs/story/204107.html |url-status=live }}</ref> In 1996, the company started pursuing customers beyond Dun & Bradstreet.<ref name="forbes-contrarian">{{cite journal |url=https://www.forbes.com/forbes/1999/0614/6312172a.html |title=The contrarian |author=Silvia Sansoni |date=14 June 1999 |journal=[[Forbes]] |access-date=25 August 2017 |archive-date=19 May 2018 |archive-url=https://web.archive.org/web/20180519122930/https://www.forbes.com/forbes/1999/0614/6312172a.html |url-status=live }}</ref>

In 1996, Dun & Bradstreet spun off several of its subsidiaries, including Erisco, IMS International, [[Nielsen Media Research]], [[Pilot Software]], Strategic Technologies and DBSS, to form a new company called Cognizant Corporation, headquartered in Chennai, India. Three months later, in 1997, DBSS renamed itself Cognizant Technology Solutions. 

In July 1997, Dun & Bradstreet bought [[Mahindra Satyam|Satyam]]'s 24% stake in DBSS for $3.4 million.<ref name="nomodestambitions">{{cite news |url=http://www.expresscomputeronline.com/20011008/comwatch1.htm |title=No modest ambitions for Cognizant |date=8 October 2011 |publisher=Express Computer |access-date=27 June 2012 |url-status=dead |archive-url=https://web.archive.org/web/20121130034656/http://www.expresscomputeronline.com/20011008/comwatch1.htm |archive-date=30 November 2012  }}</ref><ref>{{cite news |url=http://www.business-standard.com/india/news/cognizant-back-in-searchsatyam/353949/ |title=Cognizant back in search of Satyam |date=4 April 2009 |newspaper=Business Standard |access-date=27 June 2012 |archive-date=16 January 2013 |archive-url=https://web.archive.org/web/20130116102925/http://www.business-standard.com/india/news/cognizant-back-in-searchsatyam/353949/ |url-status=live }}</ref> Headquarters were moved to the United States, and in March 1998, [[Kumar Mahadeva]] was named CEO.<ref>{{cite web|url=http://www.rediff.com/money/2003/dec/22cognizant.htm|title=Kumar Mahadeva quits as Cognizant chief|access-date=29 October 2010|archive-date=12 January 2012|archive-url=https://web.archive.org/web/20120112073622/http://www.rediff.com/money/2003/dec/22cognizant.htm|url-status=live}}</ref> Operating as a division of the Cognizant Corporation, the company focused on Y2K-related projects and web development.<ref name="intldir59">International Directory of Company Histories, Vol.59. St. James Press, 2004.</ref>

In 1998, the parent company, Cognizant Corporation, split into two companies: [[IMS Health]] and [[Nielsen Media Research]].<ref>{{cite news |url=https://www.nytimes.com/1998/01/16/business/dun-bradstreet-spinoff-will-split-in-two.html |title=Dun & Bradstreet Spinoff Will Split in Two |newspaper=The New York Times |date=16 January 1998 |access-date=27 June 2012 |archive-date=2 June 2013 |archive-url=https://web.archive.org/web/20130602231736/http://www.nytimes.com/1998/01/16/business/dun-bradstreet-spinoff-will-split-in-two.html |url-status=live }}</ref> After this restructuring, Cognizant Technology Solutions became a public subsidiary of IMS Health. In June 1998, IMS Health partially spun off the company, conducting an [[initial public offering]] of the Cognizant stock. [[File:Cognizant logo.svg|alt=Cognizant's old logo|thumb|Cognizant's old logo]]
[[File:Cognizant's_logo.svg|alt=Cognizant's logo until 2022 March|thumb|Cognizant's logo until 2022 March from 2018]]
In 2003, IMS Health sold its entire 56% stake in Cognizant, which instituted a [[Shareholder rights plan|poison pill]] provision to prevent [[hostile takeover]] attempts.<ref name="intldir59" /><ref>[http://www.rediff.com/money/2002/nov/16cog.htm IMS sees some positive impact from Cognizant sale] {{Webarchive|url=https://web.archive.org/web/20130116132547/http://www.rediff.com/money/2002/nov/16cog.htm |date=16 January 2013 }} by Eric Auchard. Rediff, 16 November 2002 | 1149 IST.</ref> Kumar Mahadeva resigned as the CEO in 2003, and was replaced by [[Lakshmi Narayanan]].<ref>{{cite news |url=http://www.thehindubusinessline.in/2003/12/23/stories/2003122302000700.htm |title=Cognizant founder steps down |newspaper=The Hindu Business Line |access-date=27 June 2012 |archive-date=6 October 2012 |archive-url=https://web.archive.org/web/20121006015133/http://www.thehindubusinessline.in/2003/12/23/stories/2003122302000700.htm |url-status=live }}</ref> Gradually, the company's services portfolio expanded across the IT services landscape and into [[business process outsourcing]] (BPO) and [[Management consulting|business consulting]]. Lakshmi Narayanan was succeeded by [[Francisco D'Souza]] in 2006. 

In September 2014, Cognizant acquired healthcare IT services provider TriZetto Corp for $2.7 billion.<ref>{{cite news| url= http://www.btvin.com/videos/watch/8801/cognizant-acquires-trizetto| title= Cognizant Acquires TriZetto| date= 15 September 2014| publisher= [[Bloomberg TV India]]| access-date= 17 September 2014| archive-url= https://web.archive.org/web/20160630100347/http://www.btvin.com/videos/watch/8801/cognizant-acquires-trizetto| archive-date= 30 June 2016| url-status= usurped}}</ref> Cognizant shares rose nearly 3 percent in pre-market trading.<ref>{{cite news |url=https://www.reuters.com/article/us-trizetto-m-a-cognizant-tech/cognizant-to-buy-trizetto-to-boost-healthcare-business-idUSKBN0HA0U720140915 |title=Cognizant to buy TriZetto to boost healthcare business |newspaper=Reuters |access-date=15 September 2014 |date=15 September 2014 |archive-date=22 March 2018 |archive-url=https://web.archive.org/web/20180322143708/https://www.reuters.com/article/us-trizetto-m-a-cognizant-tech/cognizant-to-buy-trizetto-to-boost-healthcare-business-idUSKBN0HA0U720140915 |url-status=live }}</ref>

On 24 June 2015, the company signed a multimillion-dollar agreement with [[Escorts Group]] in India to help Escorts' businesses in digital transformation and modernize its operations across all business segments.<ref>{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/Cognizant-to-assist-Escorts-digital-transformation-of-operations/articleshow/47801255.cms|title=Cognizant to assist Escorts' digital transformation of operations|work=The Times of India|date=24 June 2015 |access-date=1 July 2015|archive-date=19 March 2016|archive-url=https://web.archive.org/web/20160319175406/http://timesofindia.indiatimes.com/business/india-business/Cognizant-to-assist-Escorts-digital-transformation-of-operations/articleshow/47801255.cms|url-status=live}}</ref>

On 30 June 2015, it partnered with [[Singapore]]-based supermarket retailer [[NTUC FairPrice]] to perform digital transformation in NTUC's business to improve personalized and consistent customer service across multiple channels.<ref>{{cite web|url=http://www.dealstreetasia.com/stories/cognizant-to-help-ntuc-fairprice-upgrade-digital-infrastructure-8545/|title=Cognizant to help NTUC Fairprice upgrade digital infrastructure|work=DealStreetAsia|access-date=1 July 2015|archive-date=1 July 2015|archive-url=https://web.archive.org/web/20150701184818/http://www.dealstreetasia.com/stories/cognizant-to-help-ntuc-fairprice-upgrade-digital-infrastructure-8545/|url-status=live}}</ref>

On 1 April 2019, [[Francisco D'Souza]] was replaced by [[Brian Humphries (IT businessman)|Brian Humphries]] as the CEO.<ref>{{Cite news |last=Mendonca |first=Jochelle |date=2020-02-06 |title=Cognizant's Vice Chairman Francisco D'Souza steps down from the board; Vinita Bali joins |url=https://economictimes.indiatimes.com/tech/ites/cognizants-vice-chairman-francisco-dsouza-steps-down-from-the-board-vinita-bali-joins/articleshow/73973996.cms?from=mdr |access-date=2024-09-18 |work=The Economic Times |issn=0013-0389}}</ref>

In January 2022, Cognizant sold its acquisition Oy Samlink to [[Kyndryl]] and Mustache to DJE Holdings.<ref>{{Cite web |title=Krogerus advises Kyndryl on its acquisition of Samlink |url=https://www.krogerus.com/articles/our-work/krogerus-advises-kyndryl-on-its-acquisition-of-samlink |access-date=2024-10-03 |website=Krogerus |language=en-US}}</ref>

In 2023, Ravi Kumar S was named as CEO of Cognizant.<ref>{{Cite web |last=Haranas |first=Mark |title=Infosys President Becomes New Cognizant CEO With Plans To 'Unlock' Potential {{!}} CRN |url=https://www.crn.com/news/channel-news/infosys-president-becomes-new-cognizant-ceo-plans-to-unlock-potential |access-date=2024-09-18 |website=www.crn.com}}</ref>

On 22 April 2024, Cognizant announced its partnership with Microsoft Corporation to extend its reach of Generative AI and Copilots, also to enhance experiences of employee and speed up their cross-industry innovation.<ref>{{Cite web |date=Apr 22, 2024 |title=Cognizant partners with Microsoft to boost GenAI, copilot adoption |url=https://www.business-standard.com/world-news/cognizant-partners-with-microsoft-to-boost-genai-copilot-adoption-124042201219_1.html}}</ref>