Cognizant SMAC division head Mahesh Venkateswaran quits

IT services major Cognizant Technology Solutions Corp's social, mobile, analytics and cloud (SMAC) business head Mahesh Venkateswaran has resigned from the company to pursue other opportunities, according to a news report by Mint citing  the company's spokesperson.

The resignation of Vekateswaran came just a week after the company reported lacklustre quarterly results. At present, Cognizant's SMAC business generates about $500 million in annual revenue.

An 18-year veteran at the company Venkateswaran was reporting to chief executive Francisco D'Souza. He was currently looking at incubating new ideas at the SMAC division. He has incubated several multi-billion dollar businesses for Cognizant.

"Yes Mahesh Venkateswaran has decided to move on to pursue other opportunities. During his nearly 18 years at Cognizant, Mahesh has successfully incubated and grown a number of our practices. Most recently, he was the executive vice-president of our SMAC business. We wish him good luck in his future endeavours," Cognizant spokesperson said as quoted by Mint in the report.

(Edited by Joby Puthuparampil Johnson)