Recognized as top provider overall across execution,
innovation, customer excellence and alignment with
actionable digital transformation
N.J., May 18, 2022 /PRNewswire/ -- Cognizant has
been recognized as the global No. 1 provider of application
modernization services in a recent report by the business research
consultancy firm HFS.
For its 2022 report, HFS assessed the Top 10 service providers
and ranked Cognizant as overall No.1 based on its excellence in
strategy and vision, innovation, breadth and depth of capabilities,
ability to execute and voice of the customer. Additionally,
Cognizant is ranked No.1 in the actionable digital transformation
category, which HFS calls OneOffice™.
"Cognizant has been strategically investing to deliver
full-stack application modernization solutions backed by strong
engineering principles," says Joel
Martin, Research Leader, Cloud and SaaS Strategies at HFS.
"Cognizant's approach, based on data as a foundation, is aligned
with the clients' desired outcomes and strives to enhance
operational effectiveness, improving experiences and agility to
facilitate revenue growth. This view was echoed when we interviewed
their clients directly."
According to the report, Cognizant's key differentiator is its
"willingness to learn the customer's business, culture, and people
aspects" and highlights 'customer kudos' from a key client noting
Cognizant's "mix of on-shore and off-shore resources helped
modernize the business and overcome the legacy siloed approach the
company had taken."
Other Cognizant strengths highlighted in the report, include, a
dedicated headcount of 60,000+ for application modernization
services, a global network of R&D centers and innovation labs
i.e. six collaborative innovation centers in Pune, Chennai, New
London, and Melbourne, 35+ dedicated engineering studios,
and 12+ industry labs.
"We are tremendously excited to have our enterprise app
modernization services recognized by HFS," said Rajesh Nambiar, President, Digital Business and
Technology. "Our deep knowledge combined with a top-notch global
team enables us to focus on value creation for our clients
worldwide not only through the application modernization process
but also as a trusted partner for engineering business and cultural
transformation at scale."
"Our position in this report reflects the client-led, innovative
and collaborative approach we deploy and validates our strengths,"
said Ananth Rathnam, Cognizant's
Global Head of Application Services. "By using our IP tools and
accelerators, combined with our deep domain expertise and execution
track record across markets, we are dedicated to solving our
clients' complex business challenges – and proud of the results we
In its application modernization research, HFS considered
detailed quantitative and qualitative information provided by 18
service providers, client references, detailed vendor ratings from
enterprises using cloud and application services, and publicly
available information including with in-scope vendors, their
clients and partners. The top 10 study participants have
application modernization services revenues of more than
$1 billion and diverse, global
delivery capabilities as minimum requirements.
According to the report, application modernization services are
experiencing growth of more than 40 percent as companies modernize
legacy systems and build cloud-first solutions.
View an extract of the HFS report here, and follow this
link to learn more about Cognizant's application modernization
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
U.S. / India
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