Cognizant TriZetto has initiated a lawsuit against the Indian IT giant Infosys in a Texas federal court, alleging that Infosys unlawfully acquired and used trade secrets related to its healthcare insurance software. However, the latter has denied all the allegations the healthcare operations and technology firm made.
“Infosys is aware of the lawsuit. We deny all allegations and will defend our position in the court,” said an Infosys spokesperson.
In the lawsuit, Cognizant claims that its software portfolio including TriZetto's Facets and QNXT, which healthcare insurance companies use to automate administrative processes; Infosys improperly misused TriZetto software and repackaged its data to create its own software "Test Cases for Facets."
Additionally, Cognizant stated that the Indian company has broken the law and developed software that extracts data from their software QNXT which contains confidential trade secrets and TriZetto information. The two rivals in the market have locked horns as both companies are reaching a revenue of $20 billion.
Notably, Cognizant's CEO (Chief Executive Officer) Ravi Kumar S is a former Infosys employee, having served as president and deputy COO (Chief Operating Officer) for more than nine years, till October 2022. Also, on August 21, the California-based company onboarded Rajesh Varrier to succeed Rajesh Nambiar, former Chairman and MD of Cognizant India. He will take on the charge from October 1, 2024.
Varrier previously held various roles at Infosys before joining Cognizant including the head of Infosys Americas and Global Services, and the global head of Digital and Microsoft businesses of Infosys. As per Money Control, as part of the cut-throat rivalry, last year, Cognizant complained poaching of their key officers.
𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐛𝐲 𝐣𝐨𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 WhatsApp Channel now! 👈📲
𝑭𝒐𝒍𝒍𝒐𝒘 𝑶𝒖𝒓 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂 𝑷𝒂𝒈𝒆𝐬 👉 Facebook, LinkedIn, Twitter, Instagram
