Science & Technology
Science and Technology
Science and Technology
Thu, July 16, 2009
Invensys Operations Management: Invensys Signs Agreement With Cognizant to Enhance Development Capabilities
PLANO, TX--(Marketwire - July 16, 2009) - Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries, today announced that it has entered a strategic relationship with Cognizant, a leading provider of consulting, technology and business outsourcing, to help improve the design, development and delivery of Invensys Operations Management's products and solutions for customers around the globe.
"This relationship is another important step in executing our long-term growth strategy, part of an initiative we undertook several months ago that will help us become a high-performing, integrated technology company," said Sudipta Bhattacharya, chief executive officer and president, Invensys Operations Management. "Leveraging a reputable and proven partner like Cognizant accelerates our ability to expand capacity and move into adjacent markets."
Under the terms of the initial five-year agreement, Cognizant will serve as Invensys Operations Management's global development partner. Cognizant intends to recruit and make an offer of employment to 400 Invensys Operations Management employees as part of their strategic offering to supply an array of development and maintenance services, including the development of manufacturing engineering, enterprise manufacturing intelligence, advanced applications, operations management, measurement and instrumentation, safety and critical control, supervisory control and data acquisition, and distributed control systems.
"Externally, our customers and ecosystem partners should see no difference in our products or their working relationship with us," Bhattacharya said. "In fact, by leveraging our combined expertise and capabilities to deliver greater value, our customers should receive the intended benefits of this new relationship: faster time-to-market on new solutions, faster innovation, faster ramp up on resources and a deeper focus on the design and development of our strategic product portfolio. We believe that this long-term relationship will increase our capacity to develop strategic technology, create the flexibility to respond to changing business priorities and significantly increase our capability to quickly deliver new solutions while continuing to support our large customer base."
Francisco D'Souza, president and chief executive officer, Cognizant, said, "We look forward to working with Invensys Operations Management as they take a leadership position in the operations management space while maintaining their commitment to their clients and stakeholders. We have been very impressed with the Hyderabad development team at Invensys Operations Management and are excited at the potential innovation we will jointly drive into the manufacturing technology marketplace as they blend into Cognizant. With our global footprint and scale, we have the resources to make significant investments in infrastructure and skills development, as well as to provide attractive growth opportunities for our employees, all of which will help Invensys Operations Management accelerate delivery of their products and solutions."
About Invensys Operations Management
Invensys Operations Management, a division of Invensys, is a leading provider of automation and information technology, systems, software solutions, services and consulting to the global manufacturing and infrastructure industries. Headquartered in Plano, Texas, its solutions are used by more than 40,000 clients around the world in more than 200,000 plants and facilities and include control and measurement instrumentation, critical safety and distributed control systems, a wide range of real-time operations management software and professional services that help its clients design, operate and manage the safety, efficiency, productivity, sustainability and profitability of their assets.
Invensys clients are some of the world's most important industrial organizations -- large oil refineries; chemical, gas, LNG, power, pharmaceutical and mineral processors; food and beverage companies; metals and mining companies; water and wastewater facilities; and pulp and paper mills -- and its solutions deliver significant cost benefits associated with the secure, efficient operation of industrial plants and facilities.
Invensys Operations Management's offerings are delivered under several prominent industry brands, including Action Instruments, ArchestrA, Avantis, Barber-Colman, Chessell, Continental, Eurotherm, Foxboro, IMServ, InFusion, SimSci-Esscor, Triconex and Wonderware. The company's approximately 9,000 employees and its global partner ecosystem integrate these products and services to help clients collaborate across systems and enterprises in real time, extracting critical data to make faster, better decisions and synchronize their operations from the plant floor to the executive offices, aligning production goals with business objectives. To learn more about Invensys Operations Management, visit [ www.invensys.com ].
Invensys plc ([ www.invensys.com ]) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 25,000 employees working in 60 countries.
About Cognizant
Cognizant (
Invensys, the Invensys logo, Action Instruments, ArchestrA, Avantis, Chessell, Continental, Eurotherm, Foxboro, IMServ, InFusion, PIPEPHASE, PRO/II, SIM4ME, SimSci-Esscor, Triconex and Wonderware are trademarks of Invensys plc, its subsidiaries or affiliates. Barber-Colman is a trademark of TAC, LLC and used under license from TAC, LLC. All other brands and product names may be trademarks of their respective owners.
