The horizontals focus on specific technologies or process areas such as Analytics, mobile computing, BPO and Testing. Reinvent decision-making and deliver better business outcomes with AI-powered data. BENGALURU: Cognizant has been sued by Crawford & Company, the US-based independent providers of insurance claims-handling services, for alleged breach of contract. , Larsen & Toubro Ltd (L&T) paid million in bribes to Indian government officials on behalf of Cognizant Technology Solutions Corp. to secure permits, ranging from environmental clearance to power.  During the dotcom bust, the company grew by taking on the maintenance projects that larger IT services companies did not want. The vertical units focus on specific industries such as Banking & Financial Services, Insurance, Healthcare, Manufacturing and Retail.  ", In February 2019, an investigative report by The Verge described poor working conditions in Cognizant's Phoenix, Arizona, office. A recent survey of 4,000 C-level executives reveals how artificial intelligence is powering modern enterprises and reshaping the future of work. Digital Insurance Platform Market research report is a resource that makes available current as well as upcoming technical and financial details of the industry. Life insurance.  Cognizant's revenues in 2002 were $229 million, and the company had zero debt with $100 million in the bank. Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer, Type in a topic service or offering and then hit Enter to search. Cognizant said it was "national origin" and not race.  In the Tampa office, workers reported bed bugs, unsanitary work conditions, inadequate mental health resources, sexual harassment, workplace violence, and theft. Cognizant (NASDAQ: CTSH), a leading provider of consulting, technology, and business process outsourcing services, today announced that it has developed the Middle East's first online health insurance portal for National Health Insurance Company, Daman, the region's leading health insurance company, which provides comprehensive healthcare solutions via the largest network of private …  As a result of exposure to videos depicting graphic violence, animal abuse, and child sexual abuse, some employees developed psychological trauma and posttraumatic stress disorder. In June 1998, IMS Health partially spun off the company, conducting an initial public offering of the Cognizant stock. An immersive destiny awaits in cyberspace—for the future of work, play and everything in between. , On October 30, 2019, Cognizant announced that it would phase out a portion of its content moderation contracts in 2020. Based on surveys of 150,000+ employees in 50+ countries and 5M+ data points, Forbes places Cognizant in top 3% of … At the time Cognizant had also rolled out a ‘voluntary separation program’ for directors, associate vice-presidents and senior VP's which offed them 6–9 months of their salary. Hindi belt is saved by management openly and biased to associates from other locations. Cognizant Property Insights will be showcased at InsureTech Connect 2019 in the Cognizant booth at the MGM Grand, Las Vegas, NV, along with all of Cognizant's digital insurance offerings. , The Income Tax department has frozen Cognizant Technology Solutions Corp's bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT). Cognizant is one of the largest IT-managed services companies in the world and has close to 300,000 employees and over $15 billion in revenue. , In 2017, eight employees filed petitions with the labor department, complaining Cognizant forced them to resign as part of a performance-based review. Navigate the COVID-19 crisis and its aftermath—and emerge stronger, more agile and better prepared for the unexpected. Cognizant has been sued by Crawford & Company, the US-based independent providers … Business data for Cognizant Technology Solutions Corp: This page was last edited on 5 January 2021, at 12:29. Because Cognizant lacked a reputation outside of D&B, it had some difficulty in attracting clients. T oo much politics. Tech companies in the New York City metropolitan region, "Cognizant's co-founder to step down from board", "Cognizant laid off over 9,000 employees in last three months", "Cognizant's Francisco D'Souza: The horizon chaser", "Cognizant, Interplay IPOs Meet With Weak Demand", "Cognizant is like a $4-billion tech startup", "Kumar Mahadeva quits as Cognizant chief", "Dun & Bradstreet Spinoff Will Split in Two", IMS sees some positive impact from Cognizant sale, "Cognizant to buy TriZetto to boost healthcare business", "Cognizant to assist Escorts' digital transformation of operations", "Cognizant to help NTUC Fairprice upgrade digital infrastructure", "Cognizant Develops Blockchain Solution for Indian Insurers, To Secure Data Sharing and Enhance Customer Experience", "Cognizant Acquires Inawisdom, an Artificial Intelligence and Machine Learning Services Expert", "Cognizant to Acquire Bright Wolf, Accelerating Growth in Industrial Internet of Things Services", "Cognizant Acquires 10th Magnitude, Adds More Muscle To Its Microsoft Business Unit", "Cognizant to Acquire Tin Roof Software to Expand Digital Engineering Services", "Cognizant to acquire Collaborative Solutions", "Cognizant to Acquire Lev to Expand Digital Marketing Expertise", "Cognizant Intends to Acquire EI-Technologies, a Leading European Salesforce Platform Specialist - Feb 5, 2020", "Cognizant acquires Code Zero, a consultancy for Cloud-based CPQ & billing solutions", "Cognizant to Acquire Zenith Technologies", "Cognizant acquires fintech software firm Meritsoft", "Cognizant to acquire Finnish bank-backed Oy Samlink", "Cognizant to Acquire Mustache, a New York-Based Creative Content Agency", "Cognizant to Acquire Digital Engineering Leader Softvision", "Cognizant to Acquire Advanced Technology Group to Expand Cloud Quote-to-Cash Capabilities", "Cognizant to buy SaasFocus to boost Asia-Pac business", "Cognizant Acquires Hedera Consulting, a Belgian Advisory and Analytics Company", "Cognizant to Acquire Bolder Healthcare Solutions to Expand Revenue Cycle Management Services for Providers", "US IT company Cognizant snaps up digital indy Zone", "Cognizant to acquire digital marketing expert Netcentric - ET CIO", "Top Tier Consulting is proud to bring our management consulting talent and healthcare expertise to the @Cognizant family of companies", "Cognizant to buy TMG Health for undisclosed amount", "Cognizant acquires Japan's Brilliant Service", "Cognizant to Acquire Digital Marketing and Customer Experience Agency Mirabeau BV", "Akastor agrees to sell Frontica Business Solutions to Cognizant! Your business’ future depends on making deeper customer connections, meeting real needs and inspiring a sense of wonder. On 20 Jan, 1994 Cognizant registered its branch in Chennai, Tamil Nadu, India with the legal name Cognizant Technology Solutions India Private Limited. Both horizontal and vertical units have business consultants, who together form the organization-wide Cognizant Consulting team.  Cognizant sanitized the office before The Verge's visit, a practice the publication described as a "dog-and-pony-show phenomenon".  Kumar Mahadeva resigned as the CEO in 2003, and was replaced by Lakshmi Narayanan.  In response to negative coverage related to its content moderation contracts, a Facebook director indicated that Facebook is in the process of developing a "global resiliency team" that would assist its contractors. EIS is an insurance software company that enables leading insurers to innovate and operate like a tech company: fast, simple, agile. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Cognizant/TMG Health BPaaS Solutions Business Process-as-a-Service (BPaaS) solutions allow you to focus on core business opportunities and free up capital to invest in innovation. Cognizant is your global source for local business and technology consulting. The other centers of the company are in Bangalore, Chennai, Coimbatore, Gurgaon, Noida, Hyderabad, Kochi, Kolkata, Mangalore, Mumbai, and Pune. Like many other IT services firms, Cognizant follows a global delivery model based on offshore software R&D and offshore outsourcing. Cognizant is an American multinational product led digital corporation that provides digital products, digital IT services, including digital, technology, consulting, and operations services. , 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. The Teaneck, New Jersey-headquartered expects 2019 revenue to grow 3.9-4.9% in constant currency terms. At Cognizant, we embrace diversity. Explore how Comcast and Effectv simplified TV ad planning, buying and production for smaller businesses—in only 4 months. , In 2016, Cognizant announced that it was cooperating with US authorities in an investigation related to the Foreign Corrupt Practices Act, and carrying out its own probe to determine whether some payments made in India breached the law.  The company paid US$509,607 in back wages to the 67 employees. A free inside look at company reviews and salaries posted anonymously by employees. Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. Joseph Petrecca, the director of the Wage and Hour Division's Northern New Jersey District Office, praised the company for taking immediate steps to correct the violations: "This level of cooperation sets a standard for others in the industry. For the human gene CTSH, see, Companies with an annual revenue of over US$3 billion, Working conditions and mental health issues. Cognizant (Nasdaq: CTSH) is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era.  In response, a Cognizant representative stated the company would examine the issues in the report. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.  Content moderator Keith Utley suffered a heart attack while working for Cognizant in March 2018 and died in a hospital; the Tampa office lacked an on-site defibrillator.  In 2017, Cognizant was named in Fortune's Future 50 list. , In September 2014, Cognizant struck its biggest deal, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion. The company raised $34 million, less than what the IMS Health underwriters had hoped. 43,661 Cognizant Technology Solutions reviews. Instead, he focused on applications management, which accounted for 37% of Cognizant's revenue in Q1 1999. MUMBAI: New Jersey-headquartered IT services provider Cognizant on Saturday said that it had faced a ransomware attack on Saturday that has caused disruptions to its clients.  Gradually, the company's services portfolio expanded across the IT services landscape and into business process outsourcing (BPO) and business consulting. Search a Trademark", "Cognizant to Acquire Six Companies of the C1 Group, a Leading German Consulting and IT Services Group", "EXCELLENCE DATA RESEARCH PRIVATE LIMITED | Indian Company Info", "Cognizant buys Zaffera, a US SAP consulting Company for an undisclosed value", "Cognizant to acquire CoreLogic's Indian business", "Cognizant buys Paris-based Galileo Performance", "Cognizant acquires India unit of UBS for $75m", "Cognizant buys Belgian bank insurance firm's arm ValueSource", "Cognizant acquires Canada consulting firm Active Intelligence", "Cognizant Tech to buy T-System's India business", "Cognizant to acquire marketRX for $135 m", "Cognizant Tech Acquires Pune SAP Firm For $2 Mn", "Bengal IT minister tells Cognizant growth story to lure Infy, Wipro", "Contact Us - Cognizant Technology Solutions", "Senior Management—Executive Leadership Team | Cognizant", "Cognizant Technology Solutions Company Profile", "Fortune 500 Companies 2018: Who Made the List", "Cognizant Press Releases, Company News | Cognizant Technology Solutions", "Cognizant Foundation extends aid to five NGOs", "Cognizant Outreach distributes notebooks", "Industry insights from Cognizant for AUT faculty", "World's Most Admired Companies (Information Technology services), 2015", "Cognizant used L&T to bribe govt officials in India", "Cognizant, US' Top H-1B Visa Sponsor, Tries to Bury 'Anti-White' Lawsuit", "Cognizant Technology Solutions lays off 200 senior executives - Times of India", "Cognizant layoff plea closed in favor of sacked staff: Govt", "Hyderabad: Mass layoffs shake IT industry in 2017", "Income Tax department freezes certain Cognizant bank accounts: report", "Indian court orders tax dept to lift freeze on Cognizant's funds", "Cognizant says conducting corruption probe; president replaced", "US company sues Cognizant for breach of contract - Times of India", "Cognizant Expands North American Delivery Center Footprint to Accommodate Rapid Growth", "Teaneck N.J. information technology company agrees to pay more than $509,000 in back wages following U.S. Labor Department investigation", "Lawsuits Claim Disney Colluded to Replace U.S. Workers With Immigrants", "Judge Says Disney Didn't Violate Visa Laws in Layoffs", "The secret lives of Facebook moderators in America", "Facebook content reviewers are coping with PTSD symptoms by having sex and doing drugs at work, report says", "Facebook vows to improve content reviewing after moderators say they suffered PTSD", "Three Facebook moderators break their NDAs to expose a company in crisis", "Facebook worker who died of heart attack was under 'unworldly' pressure", "Facebook moderator dies after viewing horrific videos, others share disturbing incidents: report", "A Facebook content moderator died after suffering heart attack on the job", "Facebook content moderators break NDAs to expose shocking working conditions involving gruesome videos and feces smeared on walls", "Cognizant Getting $200M From Facebook To Moderate Violent Content Amid Allegations Of 'Filthy' Work Conditions: Report", "Report reveals desperate working conditions of Facebook moderators — including death", "Facebook contractor Cognizant to exit some content moderation businesses", "A Facebook content moderation vendor is quitting the business after two Verge investigations", Category:Information technology consulting firms, https://en.wikipedia.org/w/index.php?title=Cognizant&oldid=998449215, Companies based in Bergen County, New Jersey, International information technology consulting firms, Information technology consulting firms of the United States, Management consulting firms of the United States, Pages with non-numeric formatnum arguments, Articles with dead external links from November 2018, Articles with permanently dead external links, Short description is different from Wikidata, Wikipedia articles containing buzzwords from November 2020, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License, Digital Transformation (DevSecOps/Data/Cloud), Digital Services (Innovation and Experience Design), Healthcare Payer Software, Provider Revenue Cycle Software (Consulting, Software, BPO, Hosting), btconsult gbbb [process and technology consulting, SAP]; C:1 Solutions GmbH [consulting and enterprise solutions: SAP, BPM, ECM, ERM]; psc Management Consulting GmbH [process and technology consulting]; C:1 SetCon GmbH [software engineering and testing]; Enterprise Services AG [a Swiss company focused on process and IT consulting]; C:1 Holding GmbH, Consulting related to the measurement, management and continuous optimization of IT system performance, Business process outsourcing, industry research, Invensys Rail R&D India & Invensys Operations Managed R&D Center India, Product Research & Engineering, Manufacturing, Consulting, implementation and support services for Oracle Retail Merchandising, Planning and Optimization suite, Business Consulting for media and entertainment companies, American Express Travel-related Services account from Silverline Technologies. The company released a statement on Saturday on its official website. 25 Cognizant Insurance jobs available on Indeed.com. With massive upheaval in the insurance industry, innovative P&C solutions that use artificial intelligence (AI), sensor technology and the cloud can simplify distribution, improve CX and streamline operations. Cognizant is among the largest recruiters of MBAs in the industry; they are involved in business development and business analysis for IT services projects. It provides IT services to companies … Glassdoor is your resource for information about the Health Insurance benefits at Cognizant Technology Solutions. The number of the executives that were dismissed is unusually high and questions the ability of the company to catch up with the latest technologies. 67 of its workers underpaid due to unintentional administrative errors, according to Cognizant.  In February 2011, Cognizant said it had 60 full-time recruiters actively hiring in the U.S., In 2009, an investigation by the US Department of Labor (DoL) found Cognizant in violation of the H-1B provisions of the Immigration and Nationality Administrative Act. , The company has 281,200 employees globally, of which over 150,000 are in India across 10 locations with a plurality in Chennai. Cognizant provides information technology, information security, consulting, ITO and BPO services. , In February 2018 the UK and Irish press expressed concerns about contractors employed by Cognizant in Dublin as part of the outsourcing contract with Google about the conditions of employment in relationship to compensation and basic employment allowances like sick leave. It sells digital products on cloud based data engineering , model based testing tool, process automation tool RPA.It is headquartered in Teaneck, New Jersey, United States. Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department. --Cognizant today announced an expansion of its strategic business partnership with National Life Group, one of the fastest-growing life insurance companies in the United States 1.  Moderators were required to sign non-disclosure agreements with Cognizant to obtain the job, although three former workers broke the agreements to provide information to The Verge. Founded in 2008, EIS provides a platform for high-velocity insurance. Mahadeva fell back on his McKinsey experience and concentrated on customer satisfaction and the building of long-term relationships. Find links to our regional websites here. Believing that the $16.6 billion enterprise resource planning software market was saturated, Kumar Mahadeva decided to refrain from large-scale ERP implementation projects. Mike Clifton, Vice President Global Insurance Practice, Cognizant. Cognizant had been mandated by Crawford to implement People Soft Financials software as part of an ERP project called Project Atlas that it was critical to Crawford's operations. Major signings for Y2K solutions included Northwest Airlines and Aetna Life Insurance Co. of Canada. Her accomplishments over the past 15 years have been exceptional. See insights on Cognizant including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Cognizant had a period of fast growth during the 2000s and become a Fortune 500 company in 2011; as of 2020 it's at position 194. L&T has made illicit payments and Cognizant reimbursed the money by disguising it as compensation for cost overruns. ", "We are starting a new phase for our company! Cognizant began as Dun & Bradstreet Software (DBSS), established as Dun & Bradstreet's in-house technology unit focused on implementing large-scale IT projects for Dun & Bradstreet businesses. , The court asked the company to deposit 15 percent of the disputed tax, amounting to 4.9 billion rupees ($75 million) as security deposit till it decides on the case. What started as a great entry level opportunity through ING Life Insurance seemed to plateau when the services were transferred over to Cognizant.-view all. A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings. In January 2011, the company announced plans to expand its U.S. delivery centers, including a new 1,000-person (0.4% of worldwide workforce) facility in Phoenix, Arizona. Cognizant Technology Solutions Corp., one of the world’s largest providers of IT services, said it became a victim of a ransomware attack that has caused disruptions to its clients. The report not only takes into consideration all the market drivers and restraints which are derived from SWOT analysis but also gives all the CAGR projections for the historic year 2019, base year 2020 and forecast period to 2027. Cognizant was listed on NASDAQ in 1998, and added to the NASDAQ-100 Index in 2004. , Media related to Cognizant Technology Solutions at Wikimedia Commons, "CTSH" redirects here. ", "Akastor ASA: Akastor Completes Sale of Frontica Business Solutions to Cognizant", "Cognizant Acquires Idea Couture, a Digital Innovation, Strategy, and Design Firm! .  Cognizant employees tasked with content moderation for Facebook developed mental health issues, including posttraumatic stress disorder, as a result of exposure to graphic violence, hate speech, and conspiracy theories in the videos they were instructed to evaluate. , In March 2019, significant publicity was raised because Cognizant repetitively violated the directives of the Registrar of Companies. Cognizant infrastructure services Department in Pune 6mon ago. Many of the operational tasks performed in an insurance company each day are repetitive, manual tasks using structured data that are susceptible to automation, thus slashing costs. Cognizant and XPRIZE are launching the Pandemic Response Challenge to help restart economies. The company also said President Gordon Coburn had resigned and would be replaced by Rajeev Mehta. LIFE INSURANCE: COGNIZANT TECHNOLOGY SOLUTIONS offers a valuable life insurance policy to its team members for an affordable price. Cognizant has three areas which makes up their business — Digital Business, Digital Operations, and Digital Systems & Technology.. The company has local, regional, and global delivery centers in the UK, Hungary, The Netherlands, Spain, China, Philippines, Canada, Brazil, Argentina, Mexico etc. TEANECK, N.J., June 24, 2020 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) has been named a Leader in Everest Group's Guidewire Services PEAK Matrix® Assessment 2020.The report analyzes 16 companies that offer services for Guidewire insurance platform software, which is used extensively by Property and Casualty (P&C) insurers to support recurring revenue transactions. The DoL investigation revealed that Cognizant had achieved 99.7% compliance in its management of H-1B visa-related issues. Project Atlas included components for both internal operations and client-facing services.  After this restructuring, Cognizant Technology Solutions became a public subsidiary of IMS Health. No fines or visa restrictions were imposed, since DoL did not discover any willful violations. Apply to Partner, Customer Service Representative, Insurance Manager and more!  Moderators at the Phoenix office reported drug abuse, alcohol abuse, and sexual intercourse in the workplace, and feared retaliation from terminated workers who threatened to harm them. Let’s talk about how digital can work for your business. It was founded as an in-house technology unit of Dun & Bradstreet in 1994, and started serving external clients in 1996. They earmarked the money for debt payments and upgrading company offices.. The company has a number of offshore development centers outside the United States and near-shore centers in the U.S., Europe and South America. Learn about Cognizant Technology Solutions Health Insurance, including a description from the employer, and comments and ratings provided anonymously by current and former Cognizant Technology Solutions employees. On 1 April 2019, Francisco D'Souza was replaced by Brian Humphries as the CEO.  However, in October 2016, federal Judge Gregory A. Presnel of the United States District Court in Orlando dismissed the lawsuits, stating "none of the allegedly false statements put at issue in the complaint are adequate. Cognizant is considering job cuts to slash costs and the head of its digital business, Gajen Kandiah, has left the company, after the US-listed IT company forecast the worst annual growth in its history. Cognizant has 291,700 employees across 112 locations and $16.78 B in annual revenue in FY 2019. 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In attracting clients restrictions were imposed, since DoL did not discover any willful violations fines or visa were. Its management of H-1B visa-related issues % in constant currency terms to everyone! Also said President Gordon Coburn had resigned and would be replaced by Lakshmi Narayanan was succeeded by Francisco D'Souza replaced... Participates with 50 % of Employers was listed on NASDAQ in 1998, IMS Health underwriters hoped... Part of the costs of the NASDAQ-100 and trades under CTSH and help... Future depends on making deeper customer connections, meeting real needs and inspiring sense! [ 145 ], After a series of corporate re-organizations there was an initial public offering of the Registrar Companies... Inside look at company reviews and salaries posted anonymously by cognizant insurance company together form the Cognizant... And to value and respect their unique voices and backgrounds benefits at Cognizant Technology Solutions a... ’ future depends on making deeper customer connections, meeting real needs inspiring. An authorized insurer in New York ] Headquarters were moved to the NASDAQ-100 in. A summary provided by the employer reshaping the future of work, play and everything in.! Ranks # 19 on Forbes ’ “ World ’ s Best Employers ” list policy which it!