BENGALURU: Computer Sciences Corp (CSC) has filed a lawsuit against Tata Consultancy ServicesNSE 0.45 %, alleging that the Indian IT bellwether is stealing its trade secrets to build an insurance platform, following a $2-billion deal that TCS won from US insurer TransAmerica last year.
This is the second such suit against TCS, after the Indian IT major lost a similar case to Epic Systems, setting it back by $420 million in penalties. TCS is currently appealing that in a higher court.
TCS is “improperly accessing” its codes, the US-based CSC said in its lawsuit filed last week in Texas, seeking punitive damages. ET has seen a copy of the lawsuit.
CSC, whose parent is the NYSE-listed DXC Technology, had licensed its insurance products Vantage and CyberLife to Money Services Inc (MSI), which is owned by Trans-America. MSI was using the CSC software to administer and process TransAmerica’s insurance and annuity policies, the suit said.
TCS, which took on board 2,200 TransAmerica employees as part of the deal, planned to use its BaNCS platform to administer the policies
“TCS now employs not only thousands of people who know how to use CSC software, including Vantage and CyberLife, but TCS also now employs former MSI employees with knowledge of —and access to —the CSC source code hosted on the MSI servers,” CSC said.
“TCS is using this access to and knowledge of the CSC source code, software documentation, and other proprietary and confidential CSC information to develop TCS’ BaNCS for the US.”
“TCS BaNCS is a comprehensive product with severa ..
For more information Top 10 Stock Advisory Company Indore
This is the second such suit against TCS, after the Indian IT major lost a similar case to Epic Systems, setting it back by $420 million in penalties. TCS is currently appealing that in a higher court.
TCS is “improperly accessing” its codes, the US-based CSC said in its lawsuit filed last week in Texas, seeking punitive damages. ET has seen a copy of the lawsuit.
CSC, whose parent is the NYSE-listed DXC Technology, had licensed its insurance products Vantage and CyberLife to Money Services Inc (MSI), which is owned by Trans-America. MSI was using the CSC software to administer and process TransAmerica’s insurance and annuity policies, the suit said.
TCS, which took on board 2,200 TransAmerica employees as part of the deal, planned to use its BaNCS platform to administer the policies
“TCS now employs not only thousands of people who know how to use CSC software, including Vantage and CyberLife, but TCS also now employs former MSI employees with knowledge of —and access to —the CSC source code hosted on the MSI servers,” CSC said.
“TCS is using this access to and knowledge of the CSC source code, software documentation, and other proprietary and confidential CSC information to develop TCS’ BaNCS for the US.”
“TCS BaNCS is a comprehensive product with severa ..
For more information Top 10 Stock Advisory Company Indore
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