Cognizant to purchase ING facility in Minot
Cognizant has announced it has expanded its relationship with ING U.S. to offer a comprehensive array of insurance business process services. ING U.S. is the U.S.-based retirement, investment management, and insurance operations of Dutch-based ING Groep N.V.
The expanded seven-year, $330 million agreement builds on Cognizant's ongoing success in providing specific technology systems management for ING U.S.
Under the terms of the new agreement, Cognizant will employ more than 1,000 ING U.S. employees in Minot and Des Moines, Iowa to create a world-class, U.S.-based center of excellence for insurance and finance business process services. This center will be an integral part of Cognizant's global delivery network and will allow Cognizant to provide an expanded range of business process services spanning the insurance and financial services industries. Cognizant currently provides business process services to more than 40 clients in these industries.
As part of the multiyear agreement, Cognizant will purchase ING U.S.'s existing facility in Minot and will sub-lease offices in the current ING U.S. facility in Des Moines, Iowa, providing business and workplace continuity for ING U.S. customers and the employees who will transition to Cognizant.
"We are pleased to partner with ING U.S. to launch our U.S.-based business process services center of excellence for the insurance and finance industries," said Gordon Coburn, president of Cognizant. "We look forward to welcoming ING U.S.'s employees to Cognizant and working with this highly talented group of individuals. Our new center of excellence will serve as a key long-term component of our global delivery network and is yet another step in our ever-expanding in-country delivery capability."
Turtle Lake-Mercer school board members elected
Turtle Lake-Mercer and Bowbells residents elected school board members on Tuesday.
At Turtle Lake-Mercer, Teresa Presser was elected to the Area 2 position with 325 votes. Lana Sondrol was elected to the Area 3 position with 111 votes. Sheldon Liab was elected to the Area 4 position, defeating Leah Anderson, who had 158 votes. Patricia Bayless was elected to the Area 5 position with 342 votes.
Voters also voted down a school bond issue by 198 in favor and 176 against. The bond issue required 60 percent approval to pass. Voters approved publishing board meeting minutes in the local newspaper by a vote of 355 in favor and 17 against.
Jade Parkinson was elected to a three-year term on the Bowbells school board Tuesday with 50 votes, representing the rural area. Parkinson defeated Monica Hinds, who had 18 votes.