"We are very pleased to join the Cognizant family. The combination of our market leading position in the Life Sciences analytics segment and Cognizant's strengths as a top global services player will allow us to expand our relationships with our Life Sciences clients by providing them with a broader range of outsourced services, and conversely enables us to extend our capabilities to other vertical markets," said Jaswinder (Jassi) Chadha, founder, president & CEO, marketRx, Inc. "We found a great cultural fit between both companies in terms of entrepreneurial spirit, commitments to client satisfaction, strong client retention record, proven high-touch onsite/offshore model and overall vision for the future of the global services industry."
Subject to the satisfaction of certain closing conditions, the transaction is expected to close in the fourth quarter of 2007.
With over 430 employees in the U.S., India and Europe, marketRx enables customers at global pharmaceutical and biotechnology companies to improve the effectiveness of their sales and marketing operations. Sequoia-backed marketRx has received many notable industry recognitions since its inception in 2000 including Deloitte's fastest growing technology companies in North America for two consecutive years (2005 and 2006), PwC & Entrepreneur Magazine's 'Hot 100' fastest growing companies in the U.S. (2005), Inc. 500's "Fastest Growing 500 companies" (2005) and SiliconIndia Magazine's "si100 list of Top 100 technology companies formed in the U.S. by people of Indian origin".
|SOURCE Cognizant Technology Solutions Corporation|
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