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Steelwedge Software, Inc.: Cognizant and Steelwedge Software Team Up to Offer Quick Win, Recession-Fighting Sales and Operation

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^{Published in Science and Technology on Wednesday, May 20th 2009 at 8:19 GMT, Last Modified on 2009-11-02 12:15:51 by Market Wire}  

PLEASANTON, CA--(Marketwire - May 20, 2009) - Steelwedge Software ([ www.steelwedge.com ]), the market leader in Sales & Operations Planning, announced today that it has entered into an agreement with Cognizant Technology Solutions (NYSE: [ CTSH ]), a leading provider of Systems Integration for Consumer Packaged Goods (CPG) companies, its Sales and Operation Planning solution (S&OP). The partnership will enable CPG businesses to realize the significant business benefits of S&OP and Demand-Driven Supply Networks (DDSN).

"Our collaboration with Cognizant is a great opportunity to help improve performance at CPG companies through the adoption of best-in-class OnDemand Sales & Operations Planning processes," said Steelwedge CEO Glen Margolis. "Cognizant is one of only a few organizations that has received SAP's elite Global Services Provider status. Now, with Steelwedge S&OP, Cognizant clients will become more agile, productive and profitable."

S&OP is rapidly being adopted by manufacturing enterprises to gain competitive advantage and improve agility. In a recent survey of 210 companies conducted by the Aberdeen Group, Sales and Operations Planning ranked as a top focus area. AMR and Gartner have both rated Steelwedge as the "dominant" best-of-breed provider of S&OP solutions.

Steelwedge S&OP offers a comprehensive solution that drives collaboration planning, enable simulations, and eliminates the uncontrolled spreadsheets that typically tied together ERP, CRM, SCM and BI systems. Steelwedge is an SAP partner at the highest level and offers standard connectors for rapid integration into SAP solutions.

"Given today's highly volatile environment, companies need to pursue Sales and Operations Planning to improve their performance," said Chris Givens, VP of Products at Steelwedge. "Steelwedge S&OP is a must-have solution for Cognizant clients in today's recessionary environment. Steelwedge and Cognizant bring together a practical approach and best-in-class solution to improving business performance."

ABOUT STEELWEDGE

Steelwedge Software, Inc. links Sales & Operations Planning (S&OP) processes to existing systems including Salesforce.com (SFDC), SAP, and Oracle through desktop applications including email and Excel. Steelwedge customers include Sara Lee, Hewlett-Packard, Honeywell, SunPower, Juniper Networks, Nvidia, Tellabs, Psion, Qlogic and Teledyne. [ www.steelwedge.com ]

ABOUT COGNIZANT

Cognizant Corporation (NYSE: [ CTSH ]) is the world's leading provider of information technology, consulting and business process outsourcing services. [ www.cognizant.com ]