Cognizant Helps Standard Life Implement Cloud-Based Next-Generation IT Infrastructure, Delivering Cost Efficiencies and Improving Speed-to-Market

News provided by

Oct 11, 2016, 04:00 ET

LONDON, Oct. 11, 2016 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced that it has helped Standard Life, with its 4.5 million customers, implement next-generation IT infrastructure to support business expansion in its Investments and Pensions, and Savings businesses.

Managing multiple third-party suppliers across communications, network and data centres, Cognizant supported Standard Life in deploying a private cloud infrastructure, across two data centres, and migrating all business services to the new infrastructure. The migration involved mainframe transaction platforms, online trading systems, telephony platforms, contact centres, and third-party investment links. The new private cloud solution has enabled Standard Life to reduce time-to-market and capital investment, deploy a pay-per-use pricing model, and improve operational resilience to provide consistent availability of business applications.

"The successful implementation of our Information Systems transformation programme has given us a single approach to provisioning and managing our strategic IT infrastructure, as well as enhanced visibility into utilisation levels and operating costs." said Stuart Robertson, Head of IS Transformation at Standard Life. "We chose Cognizant for their proven end-to-end capabilities in implementing a modern, agile IT infrastructure that enables us to more rapidly respond to new and changing business requirements."

"We are pleased to have implemented a cloud-based infrastructure that allows Standard Life to compete in an increasingly digitised industry," said Venu Lambu, Senior Vice President and Global Head of Markets for Infrastructure Services at Cognizant. "The level of collaboration amongst all the service providers was remarkable, delivering a single point of accountability and transparency throughout this transformational programme. Standard Life now has a next-generation IT infrastructure that can enable the continued evolution of the company with a cost structure that is aligned with demand and usage."

About Standard Life
Standard Life is an investment company with over 190 years' experience of helping people invest and manage their money.

Today, Standard Life employs around 6,500 people internationally—through businesses in the UK, Europe, North America, Asia and Australia.

Around 4.5 million customers trust Standard Life with their financial future—and we are responsible for the administration of £328 billion of their assets. We also support over 25 million customers through our Indian and Chinese associate and joint venture businesses. Standard Life Investments actively manages £269 billion worldwide, offering global asset management expertise with strong investment capabilities and performance.

Standard Life plc is listed on the London Stock Exchange with around 1.2 million individual shareholders. We're one of the top 500 companies worldwide, by revenue, as listed in the 2015 Fortune Global 500.

Wherever we operate in the world, we are motivated by a sense of responsibility. It's what helps us to be a sustainable business. We're proud to be listed as a leader for corporate sustainability in our industry in the Dow Jones Sustainability Indices (DJSI World and DJSI Europe).

About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 100 development and delivery centres worldwide and approximately 244,300 employees as of June 30, 2016, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.

Logo - http://photos.prnewswire.com/prnh/20110329/NY67603LOGO

SOURCE Cognizant