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April 11, 2006
Dow Corning Corporation Selects Cognizant for Its Strategic ERP and CRM Initiative to Optimize Supply Chain Network
TEANECK, N.J. --(Business Wire)-- April 11, 2006 -- Cognizant's Global Resourcing, Industry Intelligence and Systems Expertise Provides Business-aligned Technology Solutions to Dow Corning
Cognizant Technology Solutions (NASDAQ: CTSH), a leading provider of IT services, today announced that it has expanded its strategic customer partnership with Dow Corning Corporation, a leader in silicon-based technology, products and solutions. Cognizant will implement a large-scale mySAP CRM 5.0 system, which will be tightly integrated with SAP's next generation NetWeaver platform.
An early adopter of a broad range of SAP products, Dow Corning decided to standardize its ERP and CRM systems on the SAP NetWeaver platform across multiple locations, and selected Cognizant to collaboratively optimize its value chain network across 48 geographies and sites. Leveraging its long-standing relationship with Dow Corning across consulting, application development, application maintenance, SAP R/3, SAP BW, and SAP XMII (formerly Lighthammer) engagements, Cognizant is combining its manufacturing industry intelligence, systems expertise and global functional and technical resources to help Dow Corning build this value chain network.
"We are pleased that Dow Corning has selected Cognizant for the global roll-out of their supply chain optimization initiative," said Lakshmi Narayanan, President and CEO, Cognizant. "Our ahead-of-the-curve investments in the next generation SAP business platform, deep industry knowledge, and technology expertise help our customers build stronger businesses and stay competitive in the marketplace."
"Cognizant's demonstrated ability to understand our business and deliver high-quality solutions that fundamentally address our key business needs were central factors in selecting them as our IT services partner for this strategic initiative," said Abbe Mulders, CIO, Dow Corning Corporation. "We believe that Cognizant's team of industry specialists, functional consultants and technology experts, coupled with their expertise in large-scale implementations across many geographies and various modules of SAP, will play a key role in the success of this major corporate initiative."
About Cognizant Technology Solutions
Cognizant (NASDAQ: CTSH) is a leading provider of IT services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant uses its own on-site/offshore outsourcing model to provide applications management, development, integration, and reengineering; infrastructure management; business process outsourcing; and numerous related services, such as enterprise consulting, technology architecture, program management, and change management.
Cognizant's more than 26,000 employees are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centers in India and on-site client teams. Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor, was recently named one of Forbes' Best Small Companies in America for the fourth consecutive year, and ranked among the top information technology companies in BusinessWeek's Hot Growth Companies. Cognizant is a member of the NASDAQ-100 Index. Find additional information about Cognizant at www.cognizant.com.
About Dow Corning Corporation
Dow Corning Corporation is a global leader in silicon-based technology, offering more than 7,000 products and services. Dow Corning's silicones and silicon-based products and services serve the diverse needs of more than 25,000 customers worldwide. Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning's annual sales are outside the United States. Information about the firm is available at www.dowcorning.com.
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 and whose accuracy 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.
(source: http://www.tmcnet.com/usubmit/-dow-corning-corporation-selects-cognizant-its-strategic-erp-/2006/04/11/1560572.htm)
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