Savvas Learning Company Extends Collaboration with Cognizant, Leader in Driving Enterprise Transformation

Rhea-AI Summary

Cognizant (NASDAQ: CTSH) has renewed its multi-year collaboration with Savvas Learning Company, extending their partnership that began in 2019. The agreement focuses on optimizing back-office IT operations for the K-12 learning solutions provider. Cognizant Flowsource™️, a new software engineering platform, will be implemented to enhance platform engineering capabilities, improve efficiencies, and drive automation. The collaboration aims to ensure efficient order management and timely delivery of services to Savvas' customer base, supporting its mission of delivering innovative instructional materials to educators and students.

Positive

• Extended multi-year agreement with existing client Savvas Learning Company
• Implementation of new Cognizant Flowsource™️ platform for enhanced engineering capabilities
• Expansion of services in the education technology sector

Negative

• None.

Insights

Technology Solutions Analyst

The renewal of Savvas Learning Company's collaboration with Cognizant represents a moderate positive development for CTSH. The multi-year agreement leverages Cognizant's new Flowsource platform to enhance back-office operations and platform engineering capabilities for the K-12 learning solutions provider.

While the exact financial terms aren't disclosed, this deal strengthens Cognizant's position in the education technology sector and demonstrates client retention success. The implementation of Flowsource showcases the company's ability to deploy next-generation software engineering solutions, potentially leading to improved operational efficiencies and margins.

The continued partnership with Savvas, dating back to 2019, validates Cognizant's expertise in delivering digital transformation services. This relationship extension could serve as a reference point for winning similar contracts in the education sector, though the immediate financial impact appears modest relative to Cognizant's $40B market cap.

Global learning solutions provider renews collaboration with Cognizant to help optimize its back-office IT operations, enhance efficiencies, and support timely order management and product delivery

TEANECK, N.J., Nov. 14, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced today the continuation of its relationship with Savvas Learning Company with the aim to ensure that IT functions run seamlessly for the leading K-12 learning solutions provider, supporting its mission of delivering innovative, high-quality instructional materials to the millions of educators and students it serves.

A trusted Savvas partner since 2019, Cognizant has entered into a multi-year agreement with the company to help provide a comprehensive suite of advanced IT services designed to optimize its back-office operations. Cognizant Flowsource™️, a new platform powering the next generation of software engineering for enterprises, aims to enhance platform engineering capabilities, improve efficiencies, and drive automation for Savvas. The collaboration also plans to focus on efficient order management, in an effort to ensure timely delivery of services to the company's diverse customer base.

"Today's K-12 edtech ecosystem is more dynamic than ever. As a market leader at the forefront of digital learning, Savvas strives to incorporate the most innovative technologies that help us optimize our business operations," said Bryan Smith, CIO of Savvas Learning Company. "Our collaboration with Cognizant will continue to help us manage our technology services and navigate the ever-evolving technological landscape."

Cognizant's expertise and innovative solutions help enable Savvas to deliver robust, secure, and enhanced services in today's fast-paced, digital world, significantly improving the user experience for its customers when it comes to order-management and support-related functions.

"We are excited to continue our long-standing relationship with Savvas and serve as its trusted technology partner," said Anurag Sinha, senior vice president and head of communications, media, and technology for Americas at Cognizant. "Our continued collaboration allows us to harness Cognizant's proficiency in state-of-the-art technologies that will contribute to enhancing engineering and automation initiatives at Savvas. Our collaboration with Savvas also underscores Cognizant's commitment to innovation and excellence, reinforcing the company's role as a key player in transforming educational experiences for the digital age."

ABOUT COGNIZANT
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

ABOUT SAVVAS LEARNING COMPANY
At Savvas, we believe learning should inspire. By combining new ideas, new ways of thinking, and new ways of interacting, we design engaging, next-generation K-12 learning solutions that give all students the best opportunity to succeed. Our award-winning, high-quality instructional materials span every grade level and discipline, from evidence-based, standards-aligned core curricula and supplemental and intervention programs to state-of-the-art assessment tools and the industry's most innovative portfolio of college and career readiness solutions — all designed to meet the needs of every learner. Savvas products are used by millions of students and educators in more than 90 percent of the 13,000+ public school districts across all 50 states, the District of Columbia and Puerto Rico, as well as globally in more than 125 countries. To learn more, visit Savvas Learning Company. Savvas Learning Company's products are also available for sale in Canada through its subsidiary, Rubicon.

CONTACT:
Katrina Cheung
katrina.cheung@cognizant.com

Cognizant, Cognizant Neuro and Flowsource are either registered trademarks or trademarks of Cognizant in the United States and other countries.

Savvas® and Savvas Learning Company® are the registered trademarks of Savvas Learning Company LLC in the US and in other countries.

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SOURCE Cognizant Technology Solutions Corporation

FAQ

What is the new agreement between Cognizant (CTSH) and Savvas Learning Company?

Cognizant has entered into a multi-year agreement with Savvas Learning Company to provide comprehensive IT services, including back-office optimization and implementation of Cognizant Flowsource™️ platform.

How long has Cognizant (CTSH) been partnering with Savvas Learning Company?

Cognizant has been a trusted partner of Savvas Learning Company since 2019.

What technology solution is Cognizant (CTSH) implementing for Savvas Learning Company?

Cognizant is implementing Cognizant Flowsource™️, a new platform designed to power next-generation software engineering, enhance platform engineering capabilities, and drive automation.