Invensys Signs Agreement with Cognizant to Enhance Development Capabilities

Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries, today announced that it has entered a strategic relationship with Cognizant, a leading provider of consulting, technology and business outsourcing, to help improve the design, development and delivery of Invensys Operations Management’s products and solutions for customers around the globe.

"This relationship is another important step in executing our long-term growth strategy, part of an initiative we undertook several months ago that will help us become a high-performing, integrated technology company,"said Sudipta Bhattacharya, chief executive officer and president, Invensys Operations Management. "Leveraging a reputable and proven partner like Cognizant accelerates our ability to expand capacity and move into adjacent markets."

Under the terms of the initial five-year agreement, Cognizant will serve as Invensys Operations Management’s global development partner. Cognizant intends to recruit and make an offer of employment to 400 Invensys Operations Management employees as part of their strategic offering to supply an array of development and maintenance services, including the development of manufacturing engineering, enterprise manufacturing intelligence, advanced applications, operations management, measurement and instrumentation, safety and critical control, supervisory control and data acquisition, and distributed control systems.

"Externally, our customers and ecosystem partners should see no difference in our products or their working relationship with us,"Bhattacharya said. "In fact, by leveraging our combined expertise and capabilities to deliver greater value, our customers should receive the intended benefits of this new relationship: faster time-to-market on new solutions, faster innovation, faster ramp up on resources and a deeper focus on the design and development of our strategic product portfolio. We believe that this long-term relationship will increase our capacity to develop strategic technology, create the flexibility to respond to changing business priorities and significantly increase our capability to quickly deliver new solutions while continuing to support our large customer base."

Francisco D’Souza, president and chief executive officer, Cognizant, said, "We look forward to working with Invensys Operations Management as they take a leadership position in the operations management space while maintaining their commitment to their clients and stakeholders. We have been very impressed with the Hyderabad development team at Invensys Operations Management and are excited at the potential innovation we will jointly drive into the manufacturing technology market place as they blend into Cognizant. With our global footprint and scale, we have the resources to make significant investments in infrastructure and skills development, as well as to provide attractive growth opportunities for our employees, all of which will help Invensys Operations Management accelerate delivery of their products and solutions.”