Cognizant Technology Solutions Corp. (CTSH) announced global product research and development relationship with Invensys Rail. As a part of relationship, Cognizant has signed initial five-year, multi-million dollar contract with Invensys Rail to serve the global product R&D needs of its group companies located in the UK, Australia, Spain, and the USA.
Under the deal, Cognizant said it will maintain Invensys Rail's suite of products, and help the company leverage Cognizant's process maturity to bring operational efficiency and cost-effectiveness to its global product R&D processes. To realize this goal, offers to join Cognizant will be made to over 120 Invensys Rail professionals from its existing R&D center in Hyderabad.
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