DBT Bureau
Bengaluru, 24 August 2024
Software provider Cognizant TriZetto sued Indian IT major Infosys in Texas federal court accusing Infosys of stealing trade secrets related to its healthcare insurance software.
The lawsuit filed by Cognizant alleges that Infosys has stolen trade secrets related to its healthcare insurance software. Meanwhile, Infosys has denied all the allegations and said would defend itself in court, according to reports.
What did the lawsuit say?
- Infosys, a multinational technology company, gained access to certain of TriZetto’s closely guarded, proprietary software offerings, and related technical documentation, under the guise of Non-Disclosures and Access Agreements (NDAAs) that it executed with TriZetto for the limited purpose of equipping Infosys to complete work for certain Infosys clients, who were also customers of TriZetto.
- The NDAAs narrowly and strictly define the contours of Infosys’s authorized access to TriZetto’s proprietary information and trade secrets, granting access to a very limited number of Infosys employees for narrowly specified reasons. Yet, in contravention of those agreements, Infosys has misappropriated TriZetto’s trade secrets and stolen its confidential information to develop or enhance its own competing software and service offerings for its own financial gain, thus causing severe and irreparable harm to TriZetto.
Infosys Versus Cognizant:
- In December 2023, Infosys had accused Cognizant of unethical poaching practices, reports said.
- Cognizant earned more than $19.3 billion in revenue last year while Infosys earned more than $18.5 billion (FY24)