Cognizant Technology Solutions (CTSH) Partners With the North Carolina Turnpike Authority

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is one of the Tech Stocks to Buy with the Lowest P/E Ratios. On September 15, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) announced its strategic partnership with the North Carolina Turnpike Authority to develop a next-generation tolling back-office system.

​The system aims to modernize toll operations by creating a scalable, API driven platform that integrates with partners, including Mastercard and Volvo Car USA. As a result of this new platform, drivers will be able to pay tolls directly through Volvo’s vehicle infotainment systems. This is expected to enable a proof of concept for infrastructure-less tolling, allowing immediate toll revenue recognition for NCTA.

​Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a global IT services company that helps businesses modernize through digital technology.

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Disclosure: None. This article is originally published at Insider Monkey.