Cognizant And Victory Capital To Extend Relationship With 5-Year Agreement; Cognizant Will Provide IT Infrastructure, Security, And Data And Analytics Support To Victory Capital's Next Phase Of Digital Transformation
Portfolio Pulse from Benzinga Newsdesk
Cognizant (NASDAQ: CTSH) has announced a five-year strategic collaboration with Victory Capital Holdings, Inc. (NASDAQ: VCTR) to provide IT infrastructure, security, and data and analytics support. This partnership aims to enhance Victory Capital's digital transformation with improved service management, productivity, and cost savings.
July 17, 2024 | 12:12 pm
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Cognizant has entered a five-year strategic collaboration with Victory Capital to provide IT infrastructure, security, and data and analytics support. This partnership is expected to enhance Cognizant's service offerings and drive revenue growth.
The partnership with Victory Capital is likely to enhance Cognizant's service portfolio and drive revenue growth, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Victory Capital has entered a five-year strategic collaboration with Cognizant to enhance its IT infrastructure, security, and data and analytics capabilities. This partnership is expected to improve service management, productivity, and cost savings for Victory Capital.
The collaboration with Cognizant is likely to improve Victory Capital's operational efficiency and cost-effectiveness, positively impacting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100