Deutsche Telekom's T-Systems IT services unit is partnering with U.S.-based Cognizant, the companies announced at the CeBIT trade show in Hanover, Germany. The partnership will broaden T-Systems' reach around the world, and also will have Cognizant taking over T-Systems' India unit, which currently has about 1,150 employees. Cognizant also will get better access to the European market through T-Systems. DT long had been looking for a buyer for T-Systems, as the company under-performed in a market environment of heated, price-based competition.
- read this article at The Financial Times