Last year, on Sep’ 15th Cognizant Technology Solutions acquired TriZetto Corp. from Apax Partners for $2.7 billion to use this in its healthcare domain. This was the Cognizant’s biggest acquisition which will help providers streamline processes, improve the cost and quality of care and cope with an industry overhaul.
This acquisition was criticised by Infosys, its CEO had said,”we are not interested in buying previous generation company whether it is small or big. We would rather focus on future”. But Cognizant has lots of hope with this deal. It has harnessed TriZetto Corp. into its most potent tool in automation solutions widely considered to be the future for information technology services companies.
TriZetto’s healthcare process automation (HPA) platform is now Cognizant’s most versatile automation platforms. Cognizant is going to use this in building automations across other domains like BFS (Banking and Financial Services), Insurance etc.
Todays most popular technologies like AI(artificial intelligence) and machine learning and offcourse automation capabilities are getting improved with the TriZetto acquisition. With these techniques Company can do work accurate and fast and with less no of employees.
Words from CEO,”By implementing powerful IPA technologies including artificial intelligence, machine learning and deep learning we are driving significant savings, faster time to market, enhanced business insights, better regulatory compliance and transformation of core business processes to help companies become digital enterprises”.