Cognizant will provide IT infrastructure,
security, and data and analytics support to Victory Capital's next
phase of digital transformation.
TEANECK,
N.J., July 17, 2024 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH) announced today a five-year strategic collaboration
with Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory
Capital"), a diversified global asset management firm. Cognizant
anticipates providing Victory Capital with technology
infrastructure, security, and data and analytics capabilities,
which will include infrastructure management, security engineering,
a 24/7 security operations center, and a comprehensive service
desk, which will provide infrastructure and application monitoring
and end-user support.
This strategic relationship aims to deliver reliable, scalable,
and secure IT solutions. Cognizant is committed to delivering
several key capabilities for Victory Capital over the next five
years. These include new service management capabilities, improved
service productivity, cost savings, and the ability for Victory
Capital to cost-effectively scale in support of business
growth.
Over the years, Cognizant has partnered with Victory Capital to
help design and transform its IT landscape. Additionally, Cognizant
assisted Victory Capital with the technology engineering and
implementation for its new headquarters in San Antonio, Texas, in 2019.
"Cognizant has been a trusted partner for Victory Capital for
more than a decade, providing us with reliable, scalable, and
secure technology solutions that have supported our growth in a
dynamic market environment," said Ian
Sale, Chief Operating and Technology Officer of Victory
Capital. "We are confident that our strategic relationship with
Cognizant will advance service delivery, flexibility and
efficiency, enabling continued operational excellence and
innovation."
"We are delighted to extend our relationship with Victory
Capital, a valued client and a leader in the investment management
industry," said Nageswar
Cherukupalli, Senior Vice President & Business Unit Head
of Banking & Capital Markets and Strategic Initiatives of
Cognizant. "We look forward to continuing to leverage our deep
domain expertise, digital capabilities, and global delivery network
to help Victory Capital serve its clients."
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.
About Victory Capital
Victory Capital is a
diversified global asset management firm with $173.8 billion in total client assets as of
June 30, 2024. The Company employs a
next-generation business strategy that combines boutique investment
qualities with the benefits of a fully integrated, centralized
operating and distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 11 autonomous Investment Franchises and a Solutions
Business, Victory Capital offers a wide array of investment
products and services, including mutual funds, ETFs, separately
managed accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, a 529
Education Savings Plan, and brokerage services.
Victory Capital is headquartered in San Antonio, Texas, with offices and
investment professionals in the U.S. and around the world. To learn
more please visit www.vcm.com or follow Victory Capital
on Facebook, Twitter, and LinkedIn.
Contact:
Katrina Cheung
| katrina.cheung@cognizant.com
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SOURCE Cognizant Technology Solutions Corporation