HYDERABAD: Cognizant, a leading technology, consulting and business process outsourcing services provider, has entered into a strategic global product research and development alliance with Invensys Operations Management (IOM), a global provider of technology systems, solutions and consulting services in the process and manufacturing space.
Cognizant has signed a five-year multi-million dollar contract with IOM, a division of Invensys, to augment and maintain Invensys’ suite of products. As part of the alliance, offers would be made to over 400 IOM professionals to join Cognizant.
The relationship, according to a Cognizant release, would strengthen its presence in the manufacturing segment and further enhance its ability to provide end-to-end services to customers. It would enable Cognizant to expand its base in discrete manufacturing, process manufacturing, energy and utilities, pharmaceutical and consumer goods segments.
IOM Chief Executive Officer and President Sudipta Bhattacharya said manufacturing technology market was at an inflection point as the companies were moving to seamlessly stitch plant floor applications to enterprise applications to act on real-time manufacturing information.
According to Cognizant President and CEO Francisco D’ Souza, the relationship would help both the companies to solidify their leadership positions in the manufacturing space and expand their range of capabilities in engineering services.