Cognizant’s $2.7 billion acquisition of insurance software vendor TriZetto significantly increases its footprint in the healthcare industry, but the price is very steep considering the acquired company has about $700 million in annual revenue.

The buy itself is not surprising; Reuters announced a month ago that private equity firm Apax Partners--which bought TriZetto for $1.4 billion six years ago--was shopping the company and hoping to get as much as $3 billion.

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