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OMB APPROVAL
OMB Number 3235-0145
Expires: August 31, 1999
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)(c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. _____)(1)
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
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(Name of Issuer)
CLASS A COMMON STOCK
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(Title of Class of Securities)
192446102
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(CUSIP Number)
DECEMBER 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
Rule 13d-1(b)
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Rule 13d-1(c)
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X Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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(Continued on following pages(s))
Page 1 of 4 Pages
<PAGE>
SCHEDULE 13G
CUSIP NO. 192446102
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. ABOVE PERSON
IMS Health Incorporated 06-1506026
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES 5,645,450
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 5,645,450
WITH --------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,645,450
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* ( )
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 61.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4 Pages
<PAGE>
ITEM 1 (a). NAME OF ISSUER
Cognizant Technology Solutions Corporation
- --------------------------------------------------------------------------------
ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES
500 Glenpointe Centre West, Teaneck, NJ 07666
- --------------------------------------------------------------------------------
ITEM 2 (a). NAME OF PERSON FILING
IMS Health Incorporated ("IMS HEALTH")
- --------------------------------------------------------------------------------
ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE
The principal business offices of IMS HEALTH are
located at 200 Nyala Farms, Westport, Connecticut 06880.
- --------------------------------------------------------------------------------
ITEM 2 (c). CITIZENSHIP
IMS HEALTH is incorporated in the State of Delaware
- --------------------------------------------------------------------------------
ITEM 2 (d). TITLE OF CLASS OF SECURITIES
Class A Common Stock
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ITEM 2 (e). CUSIP NUMBER
192446102
- --------------------------------------------------------------------------------
ITEM 3.
Not Applicable
- --------------------------------------------------------------------------------
ITEM 4. OWNERSHIP
The following information is provided as of December 31, 1998:
(a) Amount Beneficially Owned
IMS HEALTH is the owner of record and beneficially of 5,645,450 shares
of Class B Common Stock which is convertible into Class A Common Stock
at the option of IMS HEALTH
(b) Percent of Class:
IMS HEALTH - 61.7%
(c) NUMBER OF SHARES AS TO WHICH IMS HEALTH HAS:
(i) sole power to vote or to direct the vote: 5,645,450
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the disposition of:
5,645,450
(iv) shared power to dispose or to direct the disposition of:
None
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF CLASS
Not Applicable
- --------------------------------------------------------------------------------
Page 3 of 4 Pages
<PAGE>
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
Not applicable
- --------------------------------------------------------------------------------
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY
THE PARENT HOLDING COMPANY
Not applicable
- --------------------------------------------------------------------------------
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP
Not applicable
- --------------------------------------------------------------------------------
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
- --------------------------------------------------------------------------------
ITEM 10. CERTIFICATION
Not applicable
- --------------------------------------------------------------------------------
SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1999
IMS HEALTH INCORPORATED
By /s/ KENNETH S. SIEGEL
------------------------------
Name: Kenneth S. Siegel
Title: Senior Vice President,
General Counsel and
Secretary
Page 4 of 4 Pages
