Cognizant announced the opening of its delivery center in Budapest, Hungary.

The new center will support Cognizant’s European customers with near-shore services in a similar time zone, leverage techno-functional and multilingual capabilities available in the region to service the IT and business process outsourcing  needs of Global 2000 companies, and provide a base with deep local insights for Cognizant to service customers in Central and Eastern Europe.

Cognizant’s association with Budapest commenced earlier this year with Clinical Data Management services to AstraZeneca, widely recognized for its life-changing medicines. In addition to AstraZeneca, the new Budapest delivery center provides application development and maintenance services to a leading consumer products goods manufacturer, and system architecture and quality assurance services to a re-insurance firm.

Like all of Cognizant’s delivery centers, the Budapest facility will leverage Cognizant 2.0, a Web 2.0-based platform that enables Cognizant resources worldwide to virtually collaborate and deliver significant time-to-market, cost and transformational value to clients.

Eastern Europe is a fast growing IT destination today due to increased demand from European companies for shared-service centers that can operate in European languages, good connectivity and ease of travel demanded by new global sourcing functions requiring more interaction, favorable government policies and procedures, cultural compatibility with Western Europe, and positive long-term economic, political and social outlook. In addition to cost advantages, sound IT and telecom infrastructure, the region offers a rich pool of employable talent with strong proficiency in German and English, and good domain skills, especially in the Life Sciences, Financial Services and Manufacturing industries.

Shalini Ale/ITvoir Network