Cognizant began its software services business in 1994 as the in-house technology development center for The Dun & Bradstreet Corporation (D&B) and its operating units. In 1996, the Company became a division of Cognizant Corporation, after the split-up of the D&B Corp.
In June 1998, Cognizant Corporation was again spun-off into many independent companies, and Cognizant Technology Solutions was formed as a division of IMS Health, the world’s leading provider of information solutions to the pharmaceutical and healthcare industries. In June 1998, the Company completed its initial public offering and was listed on the NASDAQ under the symbol CTSH. In November 2002, IMS Health divested its majority interest in Cognizant through a tax-free split-off,thereby making Cognizant a truly widely-held company traded on the NASDAQ.
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