Cognizant in JPMorgan Chase top vendor list

Lone IT systems integrator among top 8 suppliers.

Nasdaq-listed IT services firm Cognizant today announced that JPMorgan Chase has selected it as one of its top eight suppliers for 2005.

An official release issued by Cognizant said it was the only IT systems integrator to receive the honour from among thousands of suppliers that help JPMorgan Chase's business on a daily basis.

"Our single-minded passion to build stronger businesses, dedicating our global resources, systems expertise and vertical industry intelligence, we believe, has helped us provide superior solutions to JPMorgan Chase globally," Lakshmi Narayanan, president and CEO of Cognizant, said.

"The supplier of the year award acknowledges the best of the best who have contributed to our goal of being the best financial services company in the world. Thanks to the help of partners and advisors like Cognizant, which made it to this select list by providing high quality, innovative and value-added solutions, we are able to serve our clients, shareholders, communities and employees more efficiently," Bill Patrizio, chief procurement officer at JPMorgan Chase, said in the statement.

JPMorgan Chase & Co is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. It has 98 million credit cards issued and serves consumers and small businesses through over 2,500 bank branches and 7,100 ATMs.