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Cognizant Technology Solutions Corporation (CTSH - Free Report) announced that its cloud solutions have been deployed by ACCO Brands Corporation (ACCO - Free Report) to boost its IT infrastructure. This will improve performance and lower costs for ACCO Brands.

Cognizant has leveraged its strategic partnership with Microsoft (MSFT - Free Report) and SAP SE (SAP - Free Report) to enable ACCO Brands migrate its workload from enterprise SAP systems, which was an on-premise data center to the Microsoft Azure cloud platform. In addition, Cognizant has also implemented the pay-per-use Infrastructure-as-a-Service (IaaS) model for ACCO Brands in order to provide it with the flexibility and scalability given an evolving IT environment.

A Cognizant executive commented that "We're helping large, global enterprises like ACCO become intuitively digital by using the cloud as part of a foundation to build new models, derive new insights and unlock new opportunities." He also added "Using our proven cloud transformation process with prebuilt solution blueprints, made-for-the-cloud tools and a variety of public, private or hybrid options enables us to work with clients to efficiently assess and plan, set up, migrate and manage their most complex environments and mission-critical workloads."  

Cognizant has placed itself well to benefit from the ongoing digitization of businesses. The company has been consistently developing its capabilities for integrating the new digital framework with legacy technology platforms.

Currently, Cognizant has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

COGNIZANT TECH Price and Consensus

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