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Cognizant Technology Solutions
As of May 21, 2026 at 10:37 UTC
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About Cognizant Technology Solutions
Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor.
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Latest News
5 articlesThe AI in life sciences market is projected to grow from USD 2.2 billion in 2025 to USD 11.5 billion by 2034, driven by accelerated drug discovery, precision medicine adoption, and increasing healthcare data availability. North America leads with 44.78% market share, while Europe and Asia-Pacific show significant growth potential. Major pharmaceutical and technology companies are investing heavily through partnerships and AI-enabled platforms.
Naitiv, a new AI-native ServiceNow consultancy founded by former Thirdera executives, has launched with the acquisition of two ServiceNow partners (Cloudworks and Inspira Systems). The firm will initially focus on AI-driven digital transformation for the Property & Casualty insurance industry, positioning ServiceNow as an orchestration layer to modernize insurance operations and connect legacy systems.
A US District Court in the Southern District of New York ruled on March 27, 2026, that Syntel must pay $236.9 million to Cognizant and its subsidiary TriZetto. The judgment includes $69.98 million in compensatory damages, $139.96 million in punitive damages (subject to TriZetto's acceptance), $12.4 million in attorney fees, plus 9% interest from January 2018. Atos Group, which acquired Syntel in 2018, states the decision has no significant adverse impact on its financial position and reserves the right to appeal.
The US District Court for the Southern District of New York issued a pre-judgment decision ordering Syntel to pay $236.9 million to Cognizant and its subsidiary TriZetto. The award includes $69.9 million in compensatory damages, $140 million in reduced punitive damages (subject to acceptance), and $12.4 million in attorneys' fees, plus pre-judgment interest. Atos Group, which acquired Syntel in 2018, states the decision does not materially impact its financial condition and reserves the right to appeal.
TriZetto Provider Solutions, a Cognizant Technology Solutions company, disclosed a cybersecurity incident affecting approximately 3.4 million people. Unauthorized access to client web portal records occurred from November 2024 onwards, compromising sensitive personal data including names, addresses, Social Security numbers, and health insurance information. Edelson Lechtzin LLP is investigating class action claims seeking legal remedies for affected individuals.