Legal Battle Erupts Between Cognizant and Infosys Over Trade Secrets 🛡️
A legal war has broken out between software provider Cognizant and Indian tech giant Infosys in a Texas federal court. Cognizant’s TriZetto has accused Infosys of stealing trade secrets related to its healthcare insurance software. Here’s what you need to know:
Allegations of Data Theft and Misuse 🕵️
- Cognizant filed a lawsuit against Infosys, claiming that the latter illegally extracted data from its databases.
- Infosys allegedly used this data to develop and promote software that competes with Cognizant’s offerings.
- The lawsuit alleges that Infosys misused TriZetto’s software to create a product called “Test Cases for Facets.”
Confidentiality Breach and Legal Action ⚖️
- Infosys is accused of repackaging TriZetto’s data into its own software in violation of trade secrets.
- Cognizant also claims that Infosys developed software to extract confidential information from another Cognizant product, QNXT.
- The lawsuit seeks monetary damages and an injunction against Infosys to prevent further misuse of trade secrets.
Financial Powerhouses at Odds 💸
- Cognizant, based in Teaneck, New Jersey, raked in over $19.3 billion in revenue last year.
- Meanwhile, Infosys reported revenue exceeding $18.5 billion in the same period.
- The court case follows a similar dispute in which Cognizant won $854 million from Atos’ Syntel over Facets trade secrets in 2020.
The Verdict and Legal Proceedings 🏛️
The legal battle between Cognizant and Infosys is ongoing, with both companies gearing up for a fierce courtroom showdown. Stay tuned for further updates on this high-stakes dispute.
Hot Take 🔥
As a crypto enthusiast, staying informed about legal disputes in the tech world can offer valuable insights into the complex interplay of intellectual property and corporate competition. The case between Cognizant and Infosys serves as a reminder of the importance of protecting trade secrets in the digital age.
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