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Cognizant buys TriZetto

Teaneck, NJ: US based Indian IT consultancy Cognizant is to acquire TriZetto Corporation, a privately-held US provider of healthcare IT software and solutions, for $2.7 billion in cash. TriZetto and its 3,700 employees will be a part of Cognizant's existing healthcare business, which currently serves more than 200 clients, including 16 of the top 20 U.S. health plans and four of the top five pharmacy benefit management companies. Healthcare currently represents approximately 26 percent of Cognizant's revenue.

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