Deal deepens scope of current collaboration
with focus on delivering superior solutions and customer experience
through digital transformation and operational excellence
TEANECK,
N.J., Jan. 26, 2023 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH), a leading provider of information technology,
consulting, and business process services, today announced a new,
10-year services agreement valued at approximately $1 billion with CoreLogic®, a leading
global property information, analytics and data-enabled solutions
provider.
"Cognizant has been an invaluable partner for many years in
helping build our platforms—giving clients the data-driven
technology solutions they need to navigate business processes,"
said Abe Kuruvilla, Chief
Information Officer at CoreLogic. "We are pleased to extend our
relationship with Cognizant as we continue to leverage our many
years of technology expertise and integrated digital
solutions."
"We are thrilled to grow our relationship with CoreLogic and
bring our technology prowess to bear in improving their user
experience, digital tools, and processes utilized by professionals
in their property information ecosystem," said Surya Gummadi,
President of the Americas, at Cognizant. "Real estate, mortgage
lifecycle, and insurance transactions depend on accurate, timely
data and analytics. We are committed to helping CoreLogic provide
this critical intelligence to clients while enhancing their user
experience and further streamlining operating efficiency."
Building on their highly successful, decade-long strategic
relationship, CoreLogic and Cognizant have agreed to expand their
existing alliance. This new agreement features:
- Expansion of Cognizant's services and anticipated value for
CoreLogic, leveraging Cognizant's digital transformation expertise
particularly in cloud migration, automation, and industry-specific
platform innovations;
- Significant commitment to innovation and automation expected to
benefit CoreLogic through lower technology and operations costs
over the lifetime of the agreement; and,
- Strong focus on driving customer experience improvement through
operational excellence.
Since 2011, Cognizant has been a trusted service delivery
partner, providing capabilities in application development and
support, analytical modeling, and domain-centric business process
services to CoreLogic and its customers, primarily in the U.S.
mortgage and real estate markets. Together, CoreLogic and Cognizant
have delivered key end-to-end business process and analytics
solutions across CoreLogic's property information ecosystem.
About CoreLogic
CoreLogic is a leading global
property information, analytics and data-enabled solutions
provider. The company's combined data from public, contributory and
proprietary sources include over 4.5 billion records spanning more
than 50 years, providing detailed coverage of property, mortgages
and other encumbrances, consumer credit, tenancy, location, hazard
risk and related performance information. The markets CoreLogic
serves include real estate and mortgage finance, insurance, capital
markets, and the public sector. CoreLogic delivers value to clients
through unique data, analytics, workflow technology, advisory and
managed services. Clients rely on CoreLogic to help identify and
manage growth opportunities, improve performance and mitigate risk.
Headquartered in Irvine, Calif.,
CoreLogic operates in North
America, Western Europe and
Asia Pacific. For more
information, please visit www.corelogic.com.
About Cognizant
Cognizant (Nasdaq: CTSH)
engineers modern businesses. We help our clients modernize
technology, reimagine processes and transform experiences so they
can stay ahead in our fast-changing world. Together, we're
improving everyday life. See how at www.cognizant.com or
@cognizant.
For more information, contact:
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Cognizant
U.S.
Jodi
Sorensen
jodi.sorensen@cognizant.com
Cognizant
India
Rashmi
Vasisht
rashmi.vasisht@Cognizant.com
Cognizant Europe /
APAC
Christina
Schneider
christina.schneider@cognizant.com
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CoreLogic
Robin
Wachner
newsmedia@corelogic.com
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SOURCE Cognizant