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Monday, September 15, 2014

Cognizant to purchase IT services provider Trizetto for $2.7 bln, (NASDAQ: CTSH)

Cognizant Technology Solutions Corp said it would purchase privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash. Cognizant said the deal would immediately add to adjusted profit.

Cognizant Technology Solutions Corporation (Cognizant) is a provider of custom information technology, consulting and business process outsourcing services. Shares of CTSH fell by 0.62% or $-0.28/share to $44.76. In the past year, the shares have traded as low as $39.75 and as high as $54.00. On average, 4672620 shares of CTSH exchange hands on a given day and today's volume is recorded at 6136620.