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Kuhn Capital To Provide Acquisition Advisory Services For Cognizant
CHICAGO, ILLINOIS, January, 2002 -- Kuhn Capital announced today that it has been retained by Cognizant Technology Solutions, Inc. (Nasdaq: CTSH) to seek out strategic alliance and acquisition candidates. Cognizant is a leading technical services vendor offering application management and maintenance services, software development and integration, and reengineering services for legacy systems, particularly Internet-enabling such systems. The company serves primarily medium-sized and large businesses, and generated profitable 2001 sales of about $180 million, a 30% increase over 2000.
“We are delighted to assist Cognizant with its growth plans in CRM applications development and installation. On their behalf, we are seeking high-quality operators throughout the US with strong expertise in PeopleSoft and Siebel applications for larger clients. Of particular interest are firms with revenues of $10 - $40 million that participate in the early stages of the project life-cycle, supplying business strategy and process analyses that lead to implementation, ” said Kuhn Capital Principal Ryan Kuhn.
Kuhn Capital has performed similar services in the past for companies such as Sony, Ameritech, Perficient, and Primedia. The company has developed a track record for exceptional results-based performance, including previous work with Cognizant.
“We have worked with Cognizant in the past and we look forward to the renewal of this productive relationship,” said Kuhn.
About Kuhn Capital
Based in Chicago, IL, Kuhn Capital is the Midwest’s premier IT mergers and acquisitions advisory firm. The company provides M&A services to companies that leverage information technology and intellectual property — software, data, network, publishing, Internet, research, and consulting firms; and companies that market heavily-branded products. Clients have included Perficient, KEMA, Ameritech, Sony, and Cognizant. Kuhn Capital can be found on the web at www.kuhncap.com.
About Cognizant Technology Solutions
Cognizant Technology Solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration and management services that link e-business with core information systems for companies worldwide. Cognizant operates under a high quality, high value onsite/offshore model that enables better, faster and more cost effective development and deployment of large-scale systems across a wide range of transaction intensive business needs.
Its 3,900 employees are committed to partnerships that sustain long-term, proven value in order to win in today's global marketplace. Cognizant was listed as one of the "Best Small Companies in America," by Forbes and as the top solutions provider and one of the top 200 Hot Companies by Business Week. Cognizant has been assessed at SEI/CMM Level 5, the highest possible rating.
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