TEANECK, N.J., March 9, 2012 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH), a leading provider of information technology,
consulting, and business process outsourcing services, today
announced that it has won the Excellence in Business Transformation
award at the first annual Partner Excellence Awards presented by
Pegasystems Inc. (NASDAQ: PEGA), a leading provider of business
process management (BPM) and customer relationship management (CRM)
solutions.
Cognizant received the award for a major business transformation
program it is implementing at Medco Health Solutions, Inc. (NYSE:
MHS), a leading pharmacy benefit manager (PBM) with the nation's
largest mail order pharmacy operations, to help Medco achieve
significant productivity gain, improve customer satisfaction, keep
up with regulatory changes, and define new benchmarks in the PBM
industry.
As part of the engagement, which is among the world's largest
BPM initiatives using Pega, Cognizant is helping Medco optimize,
automate, and re-engineer a range of business functions, such as
order processing, client, physician, and patient advocacy, and
therapeutic resource centers. In keeping with the needs of Medco's
business expansion, Cognizant is supporting Medco's complex
business lines capabilities, and providing thought leadership and
management support to Medco in the areas of program governance,
BPM, and delivery management.
"Working with Cognizant on this critical business transformation
program enhances Medco's competitiveness and reinforces our desire
to be innovative at every level," said Kenny Klepper, Medco's President and Chief
Operating Officer. "Our relationship with Cognizant has allowed us
to leverage its extensive domain, technology, and consulting
capabilities to further our mission of providing millions of
Americans access to affordable, high-quality prescription
healthcare."
"We are delighted to work with Medco to realize its goal of
becoming an agile enterprise by building the capability to rapidly
optimize and redesign core business processes," said Krish Venkat, Executive Vice President and
Global Leader of Cognizant's Healthcare practice. "In times of
regulatory changes, coupled with commoditization of services, the
business transformation program at Medco will help it customize
processes rapidly for different market segments, deliver
significant improvement in productivity, and lower the cost of
healthcare for all. This accolade underscores our reputation as a
business partner best equipped to help global healthcare
corporations transform their businesses and hone their competitive
advantage."
"We are truly impressed by the vision that Medco has
demonstrated in the adoption of BPM as a strategic means to realize
greater operational efficiencies," said Peter Grambs, Senior Vice President of Customer
Solutions Practice at Cognizant. "We are committed to helping Medco
execute its vision of a transformational program and strengthen its
leadership in the PBM industry by delighting its customers and
driving greater business value. We are honored to win the
Pegasystems award."
"Pega greatly appreciates Cognizant's collective commitment to
excellence, along with its extensive Pega experience and
expertise," said John Barone, Vice
President of Global Strategic Alliances at Pegasystems. "At our
first annual Partner Excellence Awards, Cognizant also won the
Excellence in Practice Development award in recognition of the
depth and breadth of its Pega practice, thus becoming the only
company to win two awards for best-in-class achievements."
About Medco
Medco Health Solutions, Inc. (NYSE: MHS) is pioneering The
world's most advanced pharmacy® and its clinical research and
innovations are part of Medco making medicine smarter™ for
approximately 65 million members. With more than 20,000 employees
worldwide dedicated to improving patient health and reducing costs
for a wide range of public and private sector clients, and 2010
revenues of $66 billion, Medco ranks
34th on the 2011 Fortune 500 list and is named among the world's
most innovative, most admired and most trustworthy companies. For
more information, go to http://www.medcohealth.com.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information
technology, consulting, and business process outsourcing services,
dedicated to helping the world's leading companies build stronger
businesses. Headquartered in Teaneck, New
Jersey (U.S.), Cognizant combines a passion for client
satisfaction, technology innovation, deep industry and business
process expertise, and a global, collaborative workforce that
embodies the future of work. With over 50 delivery centers
worldwide and approximately 137,700 employees as of December 31, 2011, Cognizant is a member of the
NASDAQ-100, the S&P 500, the Forbes Global 2000, and the
Fortune 500 and is ranked among the top performing and fastest
growing companies in the world. Visit us online at
www.cognizant.com or follow us on Twitter: Cognizant.
About Pegasystems
Pegasystems, the leader in business process management and
software for customer centricity, helps organizations enhance
customer loyalty, generate new business, and improve productivity.
Our patented Build for Change® technology speeds the delivery of
critical business solutions by directly capturing business
objectives and eliminating manual programming. Pegasystems flexible
on-premise and cloud-based solutions enable clients to quickly
adapt to changing business conditions in order to outperform the
competition. For more information, please visit us at
www.pega.com.
Forward-Looking Statements
This press release includes statements which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events that may not
prove to be accurate. Factors that could cause actual results to
differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent
Form 10-K and other filings with the Securities and Exchange
Commission. Cognizant undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise.
SOURCE Cognizant