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Cognizant (Teaneck, N.J.), a provider of information technology, consulting, and business process services, today announced a new, 10-year services agreement valued at approximately $1 billion with CoreLogic (Irvine, Calif.), a global property information, analytics and data-enabled solutions provider, according to a joint statement from the companies.
“Cognizant has been an invaluable partner for many years in helping build our platforms–giving clients the data-driven technology solutions they need to navigate business processes,” comments Abe Kuruvilla, CIO, CoreLogic. “We are pleased to extend our relationship with Cognizant as we continue to leverage our many years of technology expertise and integrated digital solutions.”
“We are thrilled to grow our relationship with CoreLogic and bring our technology prowess to bear in improving their user experience, digital tools, and processes utilized by professionals in their property information ecosystem,” comments Surya Gummadi, President of the Americas, Cognizant. “Real estate, mortgage lifecycle, and insurance transactions depend on accurate, timely data and analytics. We are committed to helping CoreLogic provide this critical intelligence to clients while enhancing their user experience and further streamlining operating efficiency.”
Building on what the companies characterize as a highly successful, decade-long strategic relationship, CoreLogic and Cognizant have agreed to expand their existing alliance. This new agreement features:
- Expansion of Cognizant’s services and anticipated value for CoreLogic, leveraging Cognizant’s digital transformation expertise particularly in cloud migration, automation, and industry-specific platform innovations;
- Significant commitment to innovation and automation expected to benefit CoreLogic through lower technology and operations costs over the lifetime of the agreement; and,
- Strong focus on driving customer experience improvement through operational excellence.
Since 2011, Cognizant has served as a trusted service delivery partner, providing capabilities in application development and support, analytical modeling, and domain-centric business process services to CoreLogic and its customers, primarily in the U.S. mortgage and real estate markets. Together, CoreLogic and Cognizant have delivered key end-to-end business process and analytics solutions across CoreLogic’s property information ecosystem, according to the joint statement.