Etex and Cognizant team up to boost innovation with AI and Automation
Cognizant (CTSH) has extended its partnership with Etex, a global sustainable building materials company, through a new five-year agreement. The collaboration focuses on implementing GenAI and chatbot solutions to enhance user experience and automate tasks across IT services, including applications, workplace collaboration, network security, hosting, service delivery, and data management.
The primary objectives of this partnership are cost reduction and service optimization. Etex's CDIO highlighted that Cognizant's AI solutions will help address market challenges, reduce costs, and improve adaptability. Cognizant's Country Head for Belgium & Luxembourg emphasized their agile delivery model's capability to scale quickly and support Etex in managing cost pressures.
Cognizant (CTSH) ha esteso la sua partnership con Etex, un'azienda globale di materiali da costruzione sostenibili, attraverso un nuovo accordo di cinque anni. La collaborazione si concentra sull'implementazione di soluzioni GenAI e chatbot per migliorare l'esperienza degli utenti e automatizzare le attività nei servizi IT, comprese le applicazioni, la collaborazione sul posto di lavoro, la sicurezza della rete, l'hosting, la fornitura di servizi e la gestione dei dati.
Gli obiettivi principali di questa partnership sono la riduzione dei costi e l'ottimizzazione dei servizi. Il CDIO di Etex ha sottolineato che le soluzioni AI di Cognizant aiuteranno ad affrontare le sfide del mercato, ridurre i costi e migliorare l'adattabilità. Il Country Head di Cognizant per Belgio e Lussemburgo ha enfatizzato la capacità del loro modello di consegna agile di scalare rapidamente e supportare Etex nella gestione della pressione sui costi.
Cognizant (CTSH) ha ampliado su asociación con Etex, una empresa global de materiales de construcción sostenibles, a través de un nuevo acuerdo de cinco años. La colaboración se centra en la implementación de soluciones GenAI y chatbots para mejorar la experiencia del usuario y automatizar tareas en los servicios de TI, incluyendo aplicaciones, colaboración en el lugar de trabajo, seguridad de red, hosting, entrega de servicios y gestión de datos.
Los objetivos principales de esta asociación son la reducción de costos y la optimización de servicios. El CDIO de Etex destacó que las soluciones de IA de Cognizant ayudarán a abordar los desafíos del mercado, reducir costos y mejorar la adaptabilidad. El Country Head de Cognizant para Bélgica y Luxemburgo enfatizó la capacidad de su modelo de entrega ágil para escalar rápidamente y apoyar a Etex en la gestión de la presión de costos.
Cognizant (CTSH)는 지속 가능한 건축 자재 회사인 Etex와의 파트너십을 새로운 5년 계약을 통해 확장했습니다. 이 협력은 GenAI 및 챗봇 솔루션을 구현하여 사용자 경험을 향상하고 IT 서비스 전반에 걸쳐 업무를 자동화하는 데 중점을 두고 있습니다. 여기에는 애플리케이션, 직장 내 협업, 네트워크 보안, 호스팅, 서비스 제공 및 데이터 관리가 포함됩니다.
이 파트너십의 주요 목표는 비용 절감과 서비스 최적화입니다. Etex의 CDIO는 Cognizant의 AI 솔루션이 시장의 도전에 대응하고 비용을 절감하며 적응력을 향상시키는 데 도움이 될 것이라고 강조했습니다. Cognizant의 벨기에 및 룩셈부르크 담당자는 그들의 민첩한 전달 모델이 신속하게 확장할 수 있는 능력을 강조하며 Etex가 비용 압박을 관리하는 데 지원하겠다고 밝혔습니다.
Cognizant (CTSH) a étendu son partenariat avec Etex, une entreprise mondiale de matériaux de construction durables, à travers un nouvel accord de cinq ans. La collaboration se concentre sur la mise en œuvre de solutions GenAI et de chatbots pour améliorer l'expérience utilisateur et automatiser des tâches dans les services informatiques, y compris les applications, la collaboration au travail, la sécurité des réseaux, l'hébergement, la livraison de services et la gestion des données.
Les objectifs principaux de ce partenariat sont la réduction des coûts et l'optimisation des services. Le CDIO d'Etex a souligné que les solutions d'IA de Cognizant aideront à relever les défis du marché, à réduire les coûts et à améliorer l'adaptabilité. Le responsable de Cognizant pour la Belgique et le Luxembourg a mis en avant la capacité de leur modèle de livraison agile à se développer rapidement et à soutenir Etex dans la gestion de la pression des coûts.
Cognizant (CTSH) hat seine Partnerschaft mit Etex, einem globalen Unternehmen für nachhaltige Baustoffe, durch einen neuen Fünfjahresvertrag erweitert. Die Zusammenarbeit konzentriert sich auf die Implementierung von GenAI- und Chatbot-Lösungen, um die Benutzererfahrung zu verbessern und Aufgaben in den IT-Dienstleistungen zu automatisieren, einschließlich Anwendungen, Zusammenarbeit am Arbeitsplatz, Netzwerksicherheit, Hosting, Servicebereitstellung und Datenmanagement.
Die Hauptziele dieser Partnerschaft sind Kostenreduktion und Serviceoptimierung. Der CDIO von Etex hob hervor, dass die KI-Lösungen von Cognizant helfen werden, Marktanforderungen zu bewältigen, Kosten zu senken und die Anpassungsfähigkeit zu verbessern. Der Country Head von Cognizant für Belgien und Luxemburg betonte die Fähigkeit ihres agilen Liefermodells, schnell zu skalieren und Etex bei der Bewältigung von Kostendruck zu unterstützen.
- Secured five-year extension of existing partnership with global building materials leader
- Implementation of GenAI and chatbot solutions expected to reduce operational costs
- Expansion of services across multiple IT domains indicates deeper business integration
- None.
Insights
This strategic contract extension with Etex demonstrates Cognizant's successful execution in the highly competitive European IT services market. The five-year commitment is particularly significant as it validates Cognizant's AI and automation capabilities at a time when enterprise clients are scrutinizing tech spending.
Several key aspects make this deal noteworthy for investors:
- The comprehensive scope covering multiple IT service areas positions Cognizant to capture a larger share of Etex's technology spending, potentially leading to higher revenue per client.
- The focus on GenAI and chatbot solutions aligns with the industry's highest-growth segments, where profit margins typically exceed traditional IT services by 15-20%.
- The emphasis on cost reduction for the client through automation suggests a value-based pricing model, which could help protect margins despite market pricing pressures.
The deal's timing is particularly strategic as it coincides with a period when enterprises are prioritizing AI integration while simultaneously seeking cost efficiencies. This contract model could serve as a template for similar deals with other industrial clients, potentially creating a multiplier effect for Cognizant's AI services revenue.
The extension also provides important revenue visibility and stability, particularly valuable in the current market environment where new deal closures face longer sales cycles. While the exact contract value isn't disclosed, similar comprehensive digital transformation engagements in the industry typically range from
Renewed collaboration will see Cognizant provide support across IT services with the aim of reducing overall costs and significantly improving the user experience
The use of AI and automation will help support a range of IT services including applications, workplace collaboration, network security, hosting and service delivery, and data with the aim of reducing costs across the business.
"We are thrilled to continue working with Cognizant," said Dirk Altgassen, Chief Data & Information Officer (CDIO) at Etex. "By using their cutting-edge AI and automation solutions, we can tackle tough market conditions, cut costs, and improve our adaptability and efficiency. Cognizant's proven dedication and high standards make them a valuable partner for Etex as we continue to create safe, sustainable, and beautiful buildings for our customers."
"We are delighted to continue our collaboration with Etex," said Geert Lejon, Country Head,
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 Etex
We are an innovative and sustainable building materials company and a pioneer in lightweight construction. Our 13,500 teammates operate on more than 160 sites and at seven Innovation Technology Centres (ITC) in 45 countries globally.
Etex is a global building material manufacturer and pioneer in lightweight construction. Etex wants to inspire people around the world to build living spaces that are ever more safe, sustainable, smart and beautiful.
Founded in 1905, headquartered in Zaventem,
Etex has seven R&D centres supporting four global divisions:
- Building Performance: leader in plasterboards and fibre cement boards, and the global reference in fire protection solutions for the residential and commercial segments.
- Exteriors: provider of innovative, durable, high performance and beautiful fibre cement exterior materials for architectural, residential and agricultural projects.
- Industry: front runner of engineering expertise to drive the future of high-performance temperature insulation and fire protection in the industrial, aerospace and energy sectors.
- Insulation: leading European insulation provider of glass mineral wool and extruded polystyrene (XPS) to insulate residential and non-residential buildings.
Etex's global portfolio includes leading commercial brands such as Cedral, Durlock, EQUITONE, Eternit, Gyplac, Kalsi, Pladur, Promat, Siniat, Superboard and URSA.
Etex is Inspiring Ways of Living, for more information, please visit our website: www.etexgroup.com
For more information, contact: GlobalPR@cognizant.com
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SOURCE Cognizant Technology Solutions
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