Network Appliance Selects Cognizant to Manage Its Data Warehouse; Long-Term Application...

Business & Technology Editors

TEANECK, N.J.--(BUSINESS WIRE)--Mar. 4, 2002

Cognizant Technology Solutions Corp. (Nasdaq: CTSH), a leading provider of custom software development, integration and management services, announced today that it has been selected by Network Appliance,

Cognizant is managing an enterprise data warehouse for Network Appliance that supports the company's business operations. Recognized throughout the industry for its application and data management expertise in the financial services, insurance, healthcare and retail industries, Cognizant is the winner of the 2000 Best Practices Award from the Data Warehouse Institute.

"Our strategy is to have most maintenance and application management done by outside partners," said Ric McCormick, Senior Director of Business Process and Systems Development at Network Appliance. "We chose Cognizant because of their extensive data warehousing expertise and because their unique offshore/onsite model provides us with responsiveness, high-quality, and fast turnaround as well."

"The pace of blue chip companies seeking long-term strategic partners for large-scale offshore outsourcing services is accelerating," said Kumar Mahadeva, Chairman and CEO of Cognizant. "Large companies are seeking cost-effective ways to gain fast ROI on all their information technology systems, and are expanding the type and number of systems suitable for outsourcing. Cognizant's track record of providing around-the-clock data warehousing support through our unique model was a key factor in winning Network Appliance's business."

About Cognizant Technology Solutions, Inc.:

Cognizant Technology solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration, and management services that link e-business and core information systems for companies worldwide. Cognizant operates under a high quality, high value onsite/offshore model that enables better, faster and more cost effective deployment of large-scale systems across a wide range of transaction-intensive business needs.

Its more than 3,900 employees are committed to partnerships that sustain long-term, proven value in order to win in today's global marketplace. Cognizant was listed as one of the "Best Small Companies in America," by Forbes and as the top solutions provider and one of the top 200 Hot Companies by Business Week. Cognizant has been assessed at SEI/CMM Level 5, the highest possible rating. For more information, visit Cognizant on the web at www.cognizant.com.

Certain statements contained herein, including statements regarding the development of the Company's services, markets and future demand for the Company's services, projections on future growth potential, and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, reliance on large projects, concentration of revenue, ability to attract and retain professional staff, dependence on key personnel, ability to manage growth effectively, risks associated with rapid technological advances, risks associated with possible acquisitions, risks associated with the Company's strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission.