Cognizant, a provider of consulting, technology and business process outsourcing services, today announced a global product research and development relationship with railway control and communications systems provider, Invensys Rail.
As part of this relationship, Cognizant has signed an initial five-year, multi-million dollar contract with Invensys Rail to serve the global product R&D needs of its group companies located in the UK, Australia, Spain and the US.
Under the agreement, Cognizant will augment and maintain Invesys Rail’s suite of products, and help the company leverage Cognizant’s process maturity to bring in greater operational efficiency and cost-effectiveness to its global product R&D processes, improve quality and time-to-market, and enhance customer experience, a press release said.
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This deal will help Cognizant strengthen its presence in the rail industry by enhancing its ability to provide end-to-end services to rail customers, and expanding its customer base through industry-leading competencies in safety-critical application development, it said.