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In July 1997, Dun & Bradstreet bought Satyam's 24% stake in DBSS for $3.4 million. Three months later, in 1997, DBSS renamed itself to Cognizant Technology Solutions. In 1996, Dun & Bradstreet spun off several of its subsidiaries including Erisco, IMS International, Nielsen Media Research, Pilot Software, Strategic Technologies and DBSS, to form a new company called Cognizant Corporation, headquartered in Chennai, India. In 1996, the company started pursuing customers beyond Dun & Bradstreet. It began with 50 employees in Chennai as Dun & Bradstreet's in-house technology unit focused on implementing large-scale IT projects for Dun & Bradstreet businesses. 7.3.4 Working conditions and mental health issuesĬognizant was established in 1994 in Chennai, India, as Dun & Bradstreet Satyam Software (DBSS), a 76:24 joint venture between Dun & Bradstreet and Satyam Computer Services, with Srini Raju as the founding CEO and MD.7.3.3 Wage theft and H-1B visa violations.
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