Cognizant Opens Toronto Development Center - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

Cognizant Opens Toronto Development Center

Service provider hopes to attract software-development work from U.S. companies despite the weakening U.S. dollar.

Cognizant Technology Solutions Corp. has opened an application-management and -development center in Toronto in an effort to capture business from Canadian companies and from U.S. customers looking to place IT work in a so-called near-shore location, company officials said Thursday.

The percentage of businesses that outsource software development is higher in Canada than in the United States, says Larry Gordon, VP of corporate marketing for Cognizant. "It's a growth market for us," he says.

Cognizant's Toronto operations--the company's first in Canada--will also offer services to U.S. firms looking to enjoy the benefits of outsourcing to a country within easy reach and with similar time zones. The center will house about 40 staff members and be fully operational later this month, Gordon says.

The weakening U.S. dollar, which has dropped more than 20% against the Canadian dollar over the past two years, erodes some of the cost benefits that Canada offers, Gordon concedes. But he says the country is attractive for other reasons. "The talent pool is strong, and you have a lot of political stability," Gordon says. Cognizant provides the bulk of its services from centers in India.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
10 Things Your Artificial Intelligence Initiative Needs to Succeed
Lisa Morgan, Freelance Writer,  4/20/2021
News
Tech Spending Climbs as Digital Business Initiatives Grow
Jessica Davis, Senior Editor, Enterprise Apps,  4/22/2021
Commentary
Optimizing the CIO and CFO Relationship
Mary E. Shacklett, Technology commentator and President of Transworld Data,  4/13/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll