Cognizant Technology Solutions and the healthcare IT services provider it recently acquired have been sued by a unit of competitor Syntel for allegedly interfering with a contract and misappropriating confidential information.
In a lawsuit filed in US court, Syntel Sterling Best Shores Mauritius Limited sought $3.4 million from the IT provider, TriZetto, and $6.1 billion in punitive damages based on Cognizant’s net worth. Cognizant acquired TriZetto last year for $2.7 billion from London-based private equity firm Apax Partners LLP.
Syntel did not immediately respond to requests for comment. A Cognizant spokesperson said, “We and TriZetto are focused on helping our healthcare clients deliver improved quality of care and superior health outcomes. We believe the allegations made by Syntel are without merit and will vigorously defend against them.”
Source : Cognizant sued by Syntel unit, TNN & Agencies ( http://timesofindia.indiatimes.com/tech/tech-news/Cognizant-sued-by-Syntel-unit/articleshow/45896090.cms )