Cognizant Technology Solutions Corp was incorporated in the State of Delaware on April 6, 1988 as Anemone Investments, Inc., and began its IT development and maintenance services business in early 1994, as an in-house technology development center for The Dun & Bradstreet Corporation and its operating units. The Company has offices and operations in various countries around the world and provides services to clients globally. Its business is organized and managed around its four industry-oriented business segments: Financial Services; Healthcare; Manufacturing, Retail and Logistics; and Other, which include Communications, Information, Media and Entertainment, and High Technology. Financial Services business segment serves financial institutions throughout the world. Its clients include banks, investment firms and insurance companies. This business segment provides services to its customers operating in the following industries: Banking. The Company focuses on serving traditional retail and commercial banks, diversified financial enterprises, broker-dealers, asset management firms, depositories, clearing organizations and exchanges. The Company serves the needs of property and casualty insurers, life insurers, reinsurance firms and insurance brokers who turn to them for assistance in improving the efficiency and effectiveness of their operations and in achieving business transformation. Its Healthcare segment serves many healthcare and life sciences companies. Its Manufacturing, Retail and Logistics segment provides outsourcing, business consulting and technology services for leaders in a range of sub-sectors, including industrial, automotive, process logistics and retail. The Other business segment includes the Communications, Information, Media and Entertainment, and High Technology operating segments. Across each of its business segments, it provides a broad and expanding range of consulting, information technology and outsourcing services. Its Application Maintenance service offering supports some or all of a client's applications, ensuring that systems remain operational and responsive to changing user requirements and provide on-going enhancements as required by the client. The Company markets and sells its services directly through its professional staff, senior management and direct sales personnel operating out of its Teaneck, New Jersey headquarters and its business development offices which are strategically located in various metropolitan areas around the world. The Company's competitors include Accenture, Capgemini, Computer Sciences Corporation, Genpact, HCL Technologies, HP Enterprise, IBM Global Services, Infosys Technologies, Tata Consultancy Services and Wipro. In addition, it also competes with numerous smaller local companies in the various geographic markets in which it operates. The Company is subject to numerous, and sometimes conflicting, legal rules on matters as diverse as import/export controls, content requirements, trade restrictions, tariffs, taxation, sanctions, government affairs, internal and disclosure control obligations, data privacy and labor relations.
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