Cognizant Named as a Top Supplier for Sears Holdings

"Partners in Progress" Award Recognizes Cognizant for Enterprise Technology Transformation, Quality of Service and Operational Efficiency

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Cognizant

Aug 11, 2011, 06:00 ET

TEANECK, N.J., Aug. 11, 2011 /PRNewswire/ -- Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting and business process outsourcing services, announced today it has been named a 2010 Partner in Progress for Sears Holdings Corporation. Cognizant received the award for providing a spectrum of information technology services for Sears Holdings, including Enterprise Service Desk services as well as development and testing for data warehousing and business intelligence, e-commerce, and mobile applications. These services resulted in increased operational efficiency, improved quality of service for corporate and retail users, and record high service levels during the holiday shopping season.

Each year, Sears Holdings grants the prestigious Partners in Progress award to a select group of supplier companies. These suppliers provide Sears Holdings with quality products and services, from apparel, appliances and tools, to marketing, facilities, design and technology. Of the over 30,000 suppliers that work with Sears Holdings, less than one percent have the privilege to receive this award.

"The Partners in Progress award has recognized the commitment, quality and innovation of our top-performing supplier partners for the last 30 years. The dedication of these suppliers allows us to continue to present our customers quality services, which support our company's goal of becoming the leader in integrated retail—in-store, online and at home," said Lou D'Ambrosio, president and chief executive officer of Sears Holdings Corporation. "Through our continued collaboration, we will be able to more effectively leverage the breadth of our portfolio and the power of our brands."

"We thank Sears Holdings for this outstanding recognition. We began our relationship more than five years ago, and we are proud of our recent work to upgrade their IT infrastructure support through the Enterprise Service Desk while also supporting new e-commerce and mobility applications. Not only has this upgrade withstood the test of peak demand during the holiday season, but actually improved performance and quality of service," said Francisco D'Souza, President and CEO, Cognizant. "We look forward to supporting Sears Holdings on its journey to cloud-enabled technology platforms and mobility solutions that help the company respond quickly to changing markets and deliver the best service to its internal and external customers."

The Partners in Progress recipients are selected from nominations submitted by Sears Holdings' associates who purchased goods and services from suppliers in 2010. The award recognizes suppliers for product or service quality, innovation, diversity and overall market performance.

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing 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 50 delivery centers worldwide and 118,000 employees as of June 30, 2011, 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.

Forward-Looking Statements

This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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