Page 8 - Cognizant
Cognizant acquires TMG Health for an undisclosed amount
Cognizant has entered into a definitive agreement to purchase TMG Health, a subsidiary of health insurance major Health Care Service Corporation (HCSC) and a business process services provider to healthcare firms in US, for an undisclosed amount. The transaction is expected to close in the third quarter of 2017, subject to satisfaction of the closing conditions, including regulatory reviews.TMG Health's healthcare business and technology professionals will become employees of Cognizant upon the close of the transaction. Cognizant expects the new acquisiton would further expand its breadth of digital transformation solutions for healthcare payers and providers, in addition to its 2014 acquisition of healthcare technology provider TriZetto.TMG Health will enter into a new, expanded multi-year service agreement to continue providing information technology, business process and other services to HCSC's various operating units and subsidiaries, as part of the expansion of Cognizant's ...
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Cognizant advises staff to refrain from certain activities on social media
Cognizant has issued a social media guideline advising them to refrain from certain activities in social media while representing the company. This has come to the highlight when the company is facing opposition from certain forums and unions in the sector.According to a letter dated March 6, circulated internally, the company says that the employees should not post disparaging content about Cognizant, its customers or anything related to its business and to refrain from posting on behalf of the company, other than sharing content on authorised public social media channels.It also advised the employees not to comment on any internal or human resources related issues, not to engage with media, journalists or other influencers on social media or digital channels, and not to comment on any immigration, political or other matters related to Cognizant, among other guidelines.An email sent to the company did not elicit any response immediately. Sources said that the company issues social ...
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IT professionals protest sacking in Cognizant
Cognizant trimmed 5% of its 260,000 workforce in March
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Cognizant's Chennai techies seek legal shield ahead of mass layoffs: Report
According to media reports, Cognizant plans to layoff 6,000 Indian employees in the current cycle
Cognizant Q1 net up 26% to $557 mn
Revenue stood at $3.55 bn, sticking to the higher end of the company's guidance
At least 9 months' pay! Cognizant top execs get voluntary separation option
IT major expects process to be concluded by the end of the second quarter
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Cognizant bows to investor pressure on costs: 10,000 likely to lose jobs
Analysts say the move is both soothing and disconcerting
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IT woes: Cognizant may slash more than 10,000 jobs
The company is also investing extensively in training and re-skilling its team
Cognizant: First at the starting line
Unlike Indian IT services players, Cognizant has been much more aggressive in its acquisition drive
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H1-B visa issue: Indian IT must get consulting skills, says Phil Fersht
Cognizant has developed a strong digital competency: Phil Fersht
Shareholder activism is result of drastic changes in IT: Malcolm Frank
Interview with executive vice-president, strategy and marketing, Cognizant
Cognizant reiterates need for skilled labour globally, to ramp up US hiring
To increase hiring in the US; hints to a stronger growth trajectory for Q1 CY2017
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Cognizant names 3 new independent directors after Elliott deal
Three existing members of the board will concurrently not stand for re-election
Cognizant to return $3.4 bn to shareholders
Firm opts for dividends for first time; total share repurchase to touch $5 bn
Cognizant finds 'improper payments' of $6 million in India
It is higher than the earlier estimate of $5 million
Cognizant Q4 net income down 1.9% at $416 mn
On a sequential basis, net profit dipped 6.8%
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Cognizant's digital revenue at 23% in 2016
This is much higher than TCS, which was the only one so far giving a break-up of its digital revenue
Cognizant Q4 revenue up 7% at $3.46 bn
Also names three directors to board in deal with Elliott
Cognizant looks east: Expands operations in Hong Kong
Expects the new office would help to expand operations in Greater China
Cognizant eyes $1.5-billion revenue from TriZetto
Analyst believe that the company's 2014 deal was an outlier in its overall acquisition strategy
