KeyCorp Selects Cognizant as the Technology Vendor of the Year
SOURCE: Press Release
DATE: June 26th, 2008
ARTICLE
Cognizant chosen for its vital customer support, flexible and reliable partnership and innovative solutions that helped enhance KeyCorp’s products and services
Cognizant (Nasdaq: CTSH), a leading provider of global consulting, technology and business process services, today announced that KeyCorp, one of the largest bank-based financial services companies in the US, has selected it as The Technology Vendor Of The Year 2007 for Enterprise Technology Development from among its 30 strategic vendors.
The KeyCorp Technology Vendor Awards recognize the outstanding efforts of the company’s top technology vendors on the counts of agility, quality, creativity, cost control, capability improvement, high performance and availability, business transformation and innovation. The company measures these results using its balanced scorecard process started in 1998 and honors vendors that consistently score the highest.
Cognizant was chosen for this award for providing innovative solutions that helped the Key Technology & Operations group within KeyCorp to enhance product development and utility as well as business agility and speed-to-market.
“It is a great honor for Cognizant to have been named Technology Vendor of the Year by KeyCorp,” said Francisco D’Souza, President and CEO, Cognizant. “We are strongly committed to leveraging our deep understanding of the banking and financial services industry and continuously investing in innovation and delivery excellence to make a real difference in the way Key delivers financial services. We believe that our single-minded passion to build stronger businesses by dedicating our global resources, systems expertise and vertical industry intelligence has helped us provide superior solutions to Key. We are extremely pleased with our team’s performance and look forward to growing our relationship with KeyCorp.”
In making the award, Key noted that Cognizant was highly responsive and flexible in meeting KTO’s business requirements and enhancing business velocity, creating an effective partnership that is delivering a rich array of products and services more efficiently, as well as providing Key employees with vital support
Cognizant has been a KeyCorp strategic partner since 2005 and has been involved in several strategic transformation programs.
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