Schwans Expands Long Term IT Services Relationship with Cognizant.

Business Editors

TEANECK, N.J.--(BUSINESS WIRE)--Oct. 29, 2001

Cognizant Adds SAP Application Development to e-Business and Large

Scale Application Management Role at Schwans

Cognizant Technology Solutions Corp. (Nasdaq: CTSH), a leading provider of custom

Cognizant has added SAP application development to the e-Business and large scale application management responsibilities it already has at Schwans. Cognizant's investment in ERP and CRM capabilities is gaining traction among users of SAP, JD Edwards, PeopleSoft, Siebel, and other large systems.

"We have expanded Cognizant's responsibilities as they continue to deliver high quality value-added service," said Allen McGillvrey, Director of Systems Development at Schwans Sale Enterprises, Inc. "Cognizant is unique among offshore firms because they can ramp up fast, are highly responsive and bring depth of knowledge to our relationship including e-business, ERP, and large systems capabilities. They deliver expertise and best practices to every single aspect of our application infrastructure."

"Cognizant continues to benefit from the trend of the Global 2000 companies to use offshore outsourcing for their large scale and strategic IT deployments," said Kumar Mahadeva, Chairman and CEO of Cognizant. "We are increasing the number of services that we can provide to each client by adding new capabilities, including SAP, CRM, and other ERP. Because companies continue to focus on reducing costs while maximizing IT effectiveness they are asking us to provide additional services, and we are increasing our share of the IT spending at many customers."

About Schwans

Schwans Sales Enterprises, Inc. is one of the largest privately held companies in America, with more than $3 billion in sales, and has more than 10 subsidiaries and divisions worldwide. The food manufacturing and sales company is best known for Tony's Pizza and their flagship product-Schwan's Delicious Ice Cream.

About Cognizant Technology Solutions

Cognizant Technology Solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration and maintenance services that links e-business with 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 development and deployment of large-scale systems across a wide range of transaction intensive business needs.

Its 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.

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.