Nike Picks Cognizant For IT Support Functions, Building On Their 14-Year Collaboration - Cognizant Tech Solns (NASDAQ:CTSH), Nike (NYSE:NKE)

Nike Inc NKE has signed an agreement with Cognizant Technology Solutions Corp CTSH to assist its customers and employees with technical support needs. The financial terms of the arrangement were not disclosed.
Building on the companies' 14-year history of collaboration, the new five-year agreement will consolidate several of Nike's existing IT support functions with Cognizant, serving Nike across 230+ locations in more than 40 countries.
Cognizant will offer onsite and remote support across locations worldwide for resolving all hardware issues for employees, from laptops to work phones.
Cognizant will also provide engineering and backend solutions for all of Nike's enterprise-wide applications, including mobile apps, computer software, and Nike.com.
Price Action: NKE shares are trading lower by 1.07% at $125.71 on the last check Tuesday.