The collaboration seeks to accelerate speed to
market, operational efficiency and improved customer and employee
experience for Telstra
SYDNEY and TEANECK,
N.J., April 28, 2024 /PRNewswire/ -- Cognizant
(Nasdaq: CTSH) today announced a five-year strategic partnership
with Telstra as part of the Australian telecommunications and
technology company's strategy for growth. Cognizant will introduce
new ways of working to accelerate Telstra's software engineering
and IT capabilities and leverage modern technologies, such as
artificial intelligence (AI) to drive innovation and improve
operational efficiency.
The strategic partnership seeks to accelerate Telstra's
technology outcomes with Cognizant implementing modern product
engineering practices that will enable Telstra to further improve
its customer experience and speed to market. Leveraging its global
capabilities, Cognizant will support Telstra's strategy to enable
more efficient software engineering and IT operations and
decommission legacy systems. Moreover, the strategic partnership
aims to support employee experience by building a superior
engineering experience, further fostering a modern and innovative
culture within Telstra.
"Cognizant is excited to partner with Telstra in support of its
bold aspirations," said Ravi Kumar S, CEO of Cognizant.
"Telstra is a global leader in the way they are using innovation to
transform their products and customer experiences, and we are proud
to support them on this journey as one of their strategic IT
partners."
"In today's rapidly advancing technology environment, strategic
partnerships are fundamental to achieve our shared ambitions, in
this case, digital leadership and great customer experiences. We're
on a journey of consolidation and simplification across Telstra,
streamlining our operations to ensure sustainable growth, and
selecting Cognizant as a strategic partner for our software
engineering and IT function is a key part of that," said
Kim Krogh Andersen, Group Executive
Product and Technology at Telstra.
"Our strategic partnership with Cognizant will help us build our
modern software engineering capability – defined by modern product
engineering practices, the latest tools and a stable workforce,"
said Kieran O'Meara, Head of
Software Engineering and IT at Telstra. "With agility at our core,
we are redefining industry standards through cutting-edge
methodologies, seamless integration of AI and an unwavering
commitment to customer-centric design. Our hallmark is not merely
code, but a culture of continuous learning, where diversity fuels
innovation."
Jane Livesey, Head of
Asia Pacific and Japan at Cognizant said, "This partnership
signals a new era in professional services. From the outset this
arrangement was constructed with a focus on customer centricity and
saw us depart from conventional contracting and delivery models
that the industry has used for decades. We have worked closely with
Telstra to build a strategic partnership framework that allows us
to share in Telstra's innovation goals, its risks and rewards.
Through our shared accountability for outcomes and transformation,
we are driven to improve operations, build efficient engineering
teams, and reinvent the way we work by using the best of modern
technology. Cognizant has invested heavily in AI and cloud, so we
are excited to start this transformation journey with Telstra. By
combining our deep technology skills, software engineering
abilities, and digitization know-how, our goal is to rewire Telstra
to unlock new opportunities and deliver unparalleled value for its
customers."
About Telstra
Telstra is Australia's leading telecommunications and
technology company, offering a full range of communications
services. Our purpose is to build a connected future so
everyone can thrive. www.telstra.com.au
About Cognizant
Cognizant (Nasdaq: CTSH) engineers
modern businesses. We help our clients modernize technology,
reimagine processes and transform experiences so they can stay
ahead in our fast-changing world. Together, we're improving
everyday life. See how at www.cognizant.com or @cognizant.
Forward-Looking Statements
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, the accuracy of which are
necessarily subject to risks, uncertainties and assumptions as to
future events that may not prove to be accurate. These statements
include, but are not limited to, express or implied forward-looking
statements relating to the business relationship between Cognizant
and Telstra, Telstra's ability to optimize its vendor landscape and
build a customer centric ecosystem, the benefits to Telstra from
Cognizant's AI solutions, and the other benefits from the business
relationship between Cognizant and Telstra. These statements are
neither promises nor guarantees but are subject to a variety of
risks and uncertainties, many of which are beyond our control,
which could cause actual results to differ materially from those
contemplated in these forward-looking statements. Existing and
prospective investors are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. Factors that could cause actual results to differ
materially from those expressed or implied include economic and
geopolitical conditions globally, Cognizant's ability to meet
specified service levels or milestones required by certain of its
contracts, intense and evolving competition and significant
technological advances that Cognizant's service offerings must keep
pace with in the rapidly changing markets it competes in,
Cognizant's ability to successfully use AI-based technologies in
client offerings, and the other factors discussed in the most
recent Annual Report on Form 10-K and other filings of Cognizant
with the Securities and Exchange Commission (the SEC"), as such
risk factors may be amended or updated from time to time in
Cognizant's subsequent periodic and other filings with the SEC,
which are accessible on the SEC's website at www.sec.gov. Cognizant
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise, except as may be required under applicable securities
law.
For more
information, contact:
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Europe / APAC /
US
Name Christina
Schneider
Email christina.schneider@cognizant.com
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India
Name Rashmi
Vasisht
Email rashmi.vasisht@cognizant.com
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SOURCE Cognizant Technology Solutions