Cognizant Sues Infosys Over Trade Secrets - Tech News

By By Rediff Money Desk, New Delhi
Aug 24, 2024 11:31
Cognizant's subsidiary TriZetto accuses Infosys of stealing trade secrets related to healthcare insurance software. Infosys denies the allegations.
New Delhi, Aug 24 (PTI) IT major Cognizant's subsidiary TriZetto has slapped a lawsuit on Infosys in a US federal court, accusing the Bengaluru-headquartered company of stealing trade secrets and information related to healthcare insurance software.

Infosys, in a statement, denied all allegations. The company asserted it is aware of the lawsuit and will defend its position in the court.

Cognizant in a lawsuit filed in Texas federal court has accused Infosys of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product.

Cognizant offerings include TriZetto's Facets and QNXT, which healthcare insurance firms use to automate tasks. Teaneck, New Jersey-based Cognizant has the bulk of its employees in India.

Cognizant has reportedly alleged that Infosys misused TriZetto's software to create "Test Cases for Facets," which repackaged its data into an Infosys product.

Further, it has reportedly alleged that Infosys created software to extract data from QNXT, that contained confidential TriZetto information.

It is interesting to note that just this week, Cognizant named former Infosys executive Rajesh Varrier as global head of operations and India Chairman and Managing Director, following the resignation of Rajesh Nambiar, who is set to take over as Nasscom president.

Moreover, Cognizant's Chief Executive Officer Ravi Kumar S is also an Infosys veteran, whose 20-year career at the Bengaluru-based firm saw him holding various leadership roles, including as President from January 2016 through October 2022.
Source: PTI
Read More On:
infosyscognizantlawsuittrade secretshealthcare insurance software
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Chennai Bullion Rates Today

Check the opening bullion rates in Chennai today. Gold (22K, 18K) and silver prices per...

NAFED Urad Procurement in UP: 50 Centers Open

NAFED to open 50 urad procurement centers in 17 UP districts. Farmers can sell at MSP...

NCLAT Asks Renewal of Bank Guarantee for IL&FS...

NCLAT directs Brookfield-backed Chronos to renew bank guarantee for acquiring IL&FS...

SBI Reduces Lending Rate After RBI Cut

SBI cuts lending rate by 25 bps after RBI rate cut. Loans become cheaper for borrowers....

Pakistan & Binance Pact: Tokenisation of Assets

Pakistan and Binance sign MoU for tokenisation of assets up to USD 2 billion. Boost...

IndiGo Seeks Rs 900 Cr Customs Duty Refund in...

IndiGo moves Delhi HC for Rs 900 crore Customs duty refund on re-imported aircraft...

Sebi Clears Pranav Adani in Insider Trading Case

Sebi clears Pranav Adani, Adani Group director, of insider trading charges related to...

Sebi Officials & Asset Disclosure: Privacy...

Sebi officials express privacy concerns over public asset disclosure. Pandey discusses...

New Labour Codes: Supply Chains, Wages, Skilling

New Labour Codes in India aim for frictionless supply chains, universal wage coverage,...

Fidelity Buys 6.3% Stake in Meesho

Fidelity International acquires a 6.3% stake in e-commerce firm Meesho. The stake is...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com