October 15, 2009

Cognizant (Teaneck, N.J.), a provider of consulting, technology, and business process outsourcing services, announced a definitive agreement to acquire UBS India Service Center Private Limited (UBS ISC), the Hyderabad, India-based captive service provider to the UBS Group.

As part of the deal, UBS and Cognizant entered into a multi-year services agreement in which Cognizant will provide a range of business process outsourcing (BPO), knowledge process outsourcing (KPO), IT, and remote infrastructure management services to UBS divisions worldwide to enable them to reduce time-to-market, expand service delivery, and enhance productivity, operational efficiency, and quality.

The UBS ISC currently employs approximately 2,000 associates with expertise in wealth management, investment banking, asset management, research, and remote IT infrastructure management. Cognizant hopes this acquisition of knowledge will help it strengthen its business and knowledge process capabilities, deepen its financial services domain knowledge, and enhance its capabilities to provide integrated services across consulting, technology, and outsourcing.

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