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OSLO - Cognizant (NASDAQ:CTSH) has been selected by the Coalition for Epidemic Preparedness Innovations (CEPI) to implement a digital transformation program, according to a press release issued Thursday. The IT services giant, currently trading at $72.29 with a market cap of $34.9 billion, continues to expand its client portfolio while trading below its InvestingPro Fair Value.
The multi-year engagement includes implementing a new core HR and Expense Management System while consolidating support for CEPI's Salesforce platform, which serves as a key component of the organization's enterprise architecture.
CEPI selected Cognizant following a competitive procurement process. The professional services company will support the evolution of CEPI's Salesforce platform and establish an enterprise architecture roadmap.
"Choosing the right partner matters—not just for technology, but for values, culture, and long-term ambition," said Navjot Kalra, Director of CEPI Digital, in the statement.
Mads Høgholen, Director of Finance and Interim COO at CEPI, added that Cognizant's "alignment with our mission and its proven delivery experience will support CEPI in delivering its vital work with greater efficiency and agility."
The partnership aims to introduce AI-enabled insights, automation, and scalable solutions to improve organizational efficiency and reduce operational costs.
CEPI is a partnership between public, private, philanthropic, and civil organizations focused on accelerating the development of vaccines and biologic countermeasures against epidemic and pandemic threats.
In other recent news, Cognizant Technology Solutions Corp reported strong third-quarter 2025 earnings, exceeding analyst expectations. The company posted earnings per share of $1.39, surpassing the forecast of $1.30, and recorded revenue of $5.42 billion, which was higher than the anticipated $5.32 billion. This demonstrates a positive financial performance for the quarter. Additionally, Cognizant announced that it will acquire 3Cloud from Gryphon Investors, with the transaction expected to close in the first quarter of 2026. Financial terms of this deal have not been disclosed. In response to these developments, Mizuho raised its price target for Cognizant to $85 from $84, maintaining a Neutral rating. The firm cited the company's accelerating revenue growth and improved profitability as factors for the revision. These recent developments highlight Cognizant's strategic moves and financial health.
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