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.
Deal to bolster firm's position in healthcare IT.
The acquisition has opened a market to 245,000 healthcare providers, 350 payers (insurance firms) and 180 million lives.
The digital opportunity is not just tech opportunity, but an opportunity to reinvent client business model.
Rajeev Mehta, chief executive officer for IT services, explains to Business Standard that the company was faced with some client-specific issues, which led to this.
Rivals like Cognizant Technology Solutions Corp and Infosys Ltd have also sharpened focus on the healthcare sector
Malcolm Frank, executive vice-president, strategy and marketing, Cognizant, in conversation with Shivani Shinde Nadhe & Ayan Pramanik.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
The year saw 30 QIP deals raising over $5 billion and 35 IPOs.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
'We continue to invest in digital capabilities'.
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