Cognizant, SAP AG ink global services pact

NASDAQ listed IT services provider Cognizant Technology Solutions has tied up with SAP AG on a global services partnership to deliver increased business value to customers by streamlining their engagement.

The IT service provider has also signed a partnership with Temenos, a Swiss banking software company, to enhance service and delivery capabilities for Temenos, a Swiss banking software company.

The Cognizant SAP Touchstone Center, set up in 2008 at Cognizant’s facility in Bangalore, India, is already working in coordination with SAP Co-Innovation Labs worldwide as the hub of development and innovation at Cognizant in support of SAP solutions, stated in Cognizant release.

The Touchstone Center and SAP Co-Innovation Labs helps to deliver value-added SAP solutions across industries and domains, develop prototypes for various customer scenarios and proof of concepts, perform interoperability studies, and leverage service-oriented architecture (SOA), with this new alliance Cognizant and SAP plan to expand their global reach, the release added.

With this agreement, Cognizant joins a select group of companies that are a part of the SAP global services partnership program.
 
Cognizant has also signed a partnership with Temenos, a Swiss banking software company, which specialise in banking software development. Cognizant and Temenos will work together on projects, but the latter will maintain the content and IP, according to Temenos statement.
 
As part of the agreement, Cognizant, which is already engaged in a number of T24 implementations, would train some of its associates to deliver the same over a three-year period.
 
“This partnership marks a significant change in our approach to working with global systems integrators to deliver T24,” said Temenos CEO Andreas Andreades in a release. “As we continue to experience growth in our licence sales, despite the difficult economic environment, and traction within the Tier 1 banks for packaged core banking software, we need to be able to ramp up our services capability faster than we have been able to do until now.”
 
This partnership will reap considerable rewards as bank spending trends more and more towards core systems. We are making significant investments in our relationship with Temenos and believe this partnership will add to the breadth and depth of our capabilities in banking and financial services technology and operations, and proven, domain led delivery experience, further offering cost-effective solutions and a compelling proposition to our joint customers,” says Rajeev Mehta, chief operating officer, Cognizant said in a release.