Cognizant Enters into Multiyear Agreement with ING U.S. to Provide Broad Range of Business Process Services

Cognizant

today announced that it has expanded its relationship with ING U.S. to offer a comprehensive array of insurance business process services. ING U.S. is the U.S.-based retirement, investment management, and insurance operations of Dutch-based ING Groep N.V.

. The expanded seven-year, $330 million agreement builds on Cognizant's ongoing success in providing specific technology systems management for ING U.S. Under the terms of the new agreement, Cognizant will hire more than 1,000 ING U.S. employees in Minot, North Dakota and Des Moines, Iowa to create a world-class, U.S.-based center of excellence for insurance and finance business process services. This center will be an integral part of Cognizant's global delivery network and will allow Cognizant to provide an expanded range of business process services spanning the insurance and financial services industries. Cognizant currently provides business process services to more than 40 clients in these industries.