Global offshore outsourcing giant Cognizant Technology Solutions selects Target 250 to generate new business opportunities

Target 250, the UK provider of business development services to the Technology marketplace today announced that they have signed an exclusive deal with Cognizant Technology Solutions to generate new business appointments for their sales team.

(PRWEB) July 16, 2003 -- Target 250, the UK provider of business development services to the Technology marketplace today announced that they have signed an exclusive deal with Cognizant Technology Solutions to generate new business appointments for their sales team.

Cognizant, are one of the worlds largest offshore services companies, providing application outsourcing services and enterprise consulting solutions to Fortune 500 and Blue Chip companies in the US and Europe. Cognizant's more than 6,500 employees are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centres in India and Ireland, and onsite client teams.

Cognizants European Marketing Director Dave Parmenter said Target 250 fielded a list of very satisfied clients and employ a highly integrated, flexible approach to working which meets our expectations. The initial results are impressive and we expect to continue our relationship beyond the initial period."

Under the terms of the agreement, Target 250 will use a proven model of onsite and offsite delivery in order for them to interact with Cognizants sales and marketing teams.

Target 250 Director Ian Cullen said, Cognizant are a perfect fit for Target 250 as we have already demonstrated success in the offshore area with previous clients. We look forward to working with the team and achieving considerable success for the future.

About Cognizant Technology Soultions
Cognizant Technology Solutions Corporation (Nasdaq: CTSH) is a leading provider of custom information technology design, development, integration and maintenance services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant provides applications management, development, systems integration and business process outsourcing services through its onsite/offshore outsourcing model.

Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor and was recently ranked as the top information technology company in Forbes' 200 Best Small Companies in America and in BusinessWeek's Hot Growth Companies.
Further information about Cognizant can be found at www.cognizant.com.

About Target 250:

Incorporated in November 2001 and currently privately held, Target 250 is the UKs leading provider of business development solutions to technology vendors worldwide.

We only specialise on developing business for the technology sector, and have an excellent track record of performing for every client we have engaged with. Currently we are working on behalf on some of the worlds leading software and technology companies.

Our primary aim is to help our clients break into the top FTSE 250 companies, multinationals, or specific niche sectors.

Our approach focuses on new ways of generating sales leads by utilising our team of consultants who each have technology experience along with essential sales skills.

Target 250s headquarters are in London, and its UK customers include:- Avellino Technologies, Access 360, ASAP Group Plc, Daon, Digital Fuel, e-Security, e-Tempest, Extraprise, Innovative Systems Inc, Insight, Kalido, NetIQ, Open Text Corporation, Spirit Soft, Spektra, Tripwire and many others.
   

With the exception of historical information, the matters set forth in this news release are forward-looking statements that involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. These factors include, among others, dependence on core technology; limited operating history; fluctuations in quarterly results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel; rapid expansion; technology risks; growth of the Internet; financial risk management; and future growth subject to risks. These factors and other factors which could cause actual results to differ materially are also discussed in the company's filings.