Plenty of news about IT services firms swirled around in the markets last week. The big one was about outsourcing major Cognizant that was in the spotlight for a self-reported investigation into possible violations of anti-corruption laws related to real estate transactions in the U.S. Ling-time executive and President Gordon Coburn resigned abruptly and was replaced by Rajeev Mehta as the company’s stock took a tumble.
Elsewhere in healthcare IT, HCL Tech was in the news for its recent $ 50 million deal win at UC San Francisco (UCSF). Computerworld reported on possible conflicts of interest related to the deal arising from one of HCL’s board members who currently holds the position of Dean of the Engineering School at UC Berkeley. The UCSF deal covers all UC campuses and can be leveraged by any of the entities.
CW also reported on a large ITO deal under way at HCSC ( the umbrella organization for BCBS IL and a few other blues) which could impact over 500 IT workers.
Consulting firm Accenture announced their annual results, indicating a record year all around, including the healthcare business which grew in double digits.
You can download our detailed Sept. update on healthcare IT services here.