Cognizant enters strategic partnership with Klockner
Cognizant announced that it has been selected by German-based Klockner, one of the world's largest producer-independent distributors of steel and metal products, as a strategic partner for IT services to support Klockner & Co's IT strategy and digitization of operations across Europe. Under a multi-year, multi-million dollar agreement, Cognizant will consolidate and manage Klockner & Co's IT services as part of the company's enterprise-wide strategy. By using flexible contracting models-including catalogue-based pricing and managed services-Klockner & Co will achieve cost efficiencies while extending the overall agility and scalability of its technology backbone. To retain the domain knowledge, business culture and systems know-how of Klockner & Co, Cognizant has acquired KIS Information Services, Klockner & Co's technology services provider, and brought on board KIS' approximately 100 employees.