US-based 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.
A lawsuit filed in Texas federal court by Cognizant accuses Infosys of illegally accessing data from TriZetto's software — Facets and QNXT — to develop and market a competing product.
Among the Cognizant offerings are TriZetto's Facets and QNXT that healthcare insurance firms use to automate tasks. Teaneck, New Jersey-based Cognizant has the bulk of its employees in India.
The publications quote Cognizant as saying that Infosys has misused TriZetto's software to create "Test Cases for Facets," which repackaged the data into an Infosys product.
Besides, it reportedly charged that Infosys created software to extract data from QNXT that contained confidential TriZetto information.
This is interesting, with Cognizant just this week appointing ex-Infosys executive Rajesh Varrier to the post of global head of operations, and chairman and managing director for India. This comes after the resignation of Rajesh Nambiar to take over the post of Nasscom president.
Also, Cognizant's President and Chief Executive Officer is Ravi Kumar S—a veteran of Infosys. At the Bengaluru-based firm, his 20-year career saw him holding a variety of leadership roles, including President, since January 2016 to October 2022.
Read also | EPFO Adds 19.29 Lakh Members in June Amid Employment Growth
Read also| SEBI Imposes Five-Year Ban on Anil Ambani and 24 Others from Capital Market
