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Cognizant announces new deal worth $3.5 billion

Cognizant today announced three transformational deals worth $3.5 billion in contract value, including a letter of intent with Health Net, a California-based managed care organization.

The Health Net engagement is a seven year deal, and following contract finalization and applicable regulatory approval, is expected to represent approximately $2.7 billion in total contract value, the largest in its history.

Cognizant did not name the other clients.

Gordon Coburn, president, Cognizant, said: “We expect these three clients to generate at least $200 million in incremental revenue in 2015. These engagements are illustrative of the success of our strategy of re-investing in our business to meet our clients’ dual mandate of ‘running better’ to drive operational efficiency and ‘running different’ to drive growth and innovation.”

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