Cognizant and Cengage Group Extend Transformation Collaboration

Rhea-AI Summary

Cognizant (NASDAQ: CTSH) has announced an extended collaboration with Cengage Group, a global edtech company, under a new seven-year agreement. This partnership focuses on utilizing advanced technology services to enhance operational efficiency, reduce costs, and support Cengage's digital transformation journey. Cognizant's strategic role includes providing operations services in global Finance and HR, cloud environment support, and corporate security services. The collaboration will leverage Cognizant's expertise in generative AI, cloud operations, and cybersecurity to streamline operations and innovate educational solutions. Cengage aims to achieve improved personalized, interactive, and immersive learning experiences through this partnership.

Cognizant will provide end-to-end technology services to support Cengage Group's digital transformation journey leveraging cutting-edge technology and solutions. 

TEANECK, N.J., June 26, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced the expansion of its relationship with Cengage Group, a global edtech company that supports millions of students each year, from middle school through graduate school and skills education, with quality content and technology. Under this seven-year agreement, Cognizant will provide advanced technology services that are designed to enhance operational efficiency, reduce the total cost of ownership, and continue to support Cengage Group's digital transformation. Cengage Group extended its relationship with Cognizant due to the company's proven track record as a trusted and strategic provider, including playing a critical role in the development of Cengage Unlimited, an all-access digital subscription service for the higher ed course materials market.  

Over the course of this agreement, Cognizant will expand to provide operations services for Cengage Group in support of corporate enabling functions such as global Finance and Human Resources. Furthermore, Cognizant will provide end-to-end operations support for the cloud environment and corporate security services. By combining Cognizant's education industry expertise and cutting-edge technologies, including generative AI (Gen AI), to further improve operational excellence, along with Cengage's innovative educational solutions, this collaboration aims to support Cengage further its mission to help learners and educators in achieving their goals.

"Cognizant is a long-trusted partner and we look forward to this expanded partnership as we continue to further revolutionize education through technology and drive operational excellence," said Jim Chilton, CTO of Cengage Group. "Their extensive expertise, experience and innovative solutions will help us continue to scale our business, streamline operations, improve efficiencies and support our efforts to deliver truly personalized, interactive and immersive learning experiences."

"We are proud of our long-standing relationship with Cengage Group as its preferred provider and are excited to continue to contribute towards the digital transformation of the education sector," said Anurag Sinha, SVP and Head of Communications, Media, and Technology, Americas of Cognizant. "We will leverage our advanced Gen AI capabilities including platforms like Cognizant Neuro® IT Operations and Cognizant Flowsource™️ to accelerate engineering and automation at Cengage. Additionally, our deep competencies in cloud operations, data analytics, cybersecurity solutions, and Intelligent Business Process Operations will help enable Cengage Group to streamline and create efficiencies while allowing the company to innovate and scale solutions for the millions of learners and educators Cengage serves."

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.

About Cengage Group
Cengage Group, a global education technology company serving millions of learners, provides affordable, quality digital products and services that equip students with the skills and competencies needed to be job ready. For more than 100 years, we have enabled the power and joy of learning with trusted, engaging content, and now, integrated digital platforms. We serve the higher education, workforce skills, secondary education, English language teaching and research markets worldwide. Through our scalable technology, including MindTap and Cengage Unlimited, we support all learners who seek to improve their lives and achieve their dreams through education. Visit us at www.cengagegroup.com or find us on LinkedIn or X.

Contact: Katrina Cheung, katrina.cheung@cognizant.com 

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SOURCE Cognizant Technology Solutions Corporation

FAQ

What is the new agreement between Cognizant and Cengage Group?

The new agreement is a seven-year collaboration where Cognizant will provide advanced technology services to support Cengage Group's digital transformation.

How will Cognizant support Cengage Group's digital transformation?

Cognizant will support Cengage Group by enhancing operational efficiency, reducing costs, and providing end-to-end operations support in areas such as cloud environment and corporate security services.

What specific services will Cognizant provide to Cengage Group under the new agreement?

Cognizant will offer operations services for global Finance and Human Resources, cloud environment support, and corporate security services.

Why did Cengage Group extend its partnership with Cognizant?

Cengage Group extended the partnership due to Cognizant's proven track record as a trusted provider and its critical role in developing Cengage Unlimited.

What technologies will Cognizant leverage in its collaboration with Cengage Group?

Cognizant will leverage advanced technologies including generative AI, Cognizant Neuro® IT Operations, Cognizant Flowsource™️, cloud operations, data analytics, and cybersecurity solutions.

What is the significance of the expanded partnership between Cognizant and Cengage Group?

The expanded partnership aims to revolutionize education through technology, driving operational excellence and innovation to support millions of learners and educators.

When was the announcement of the Cognizant and Cengage Group extended collaboration made?

The announcement was made on June 26, 2024.