Cigniti Technologies board give go-ahead for lawsuit against Qualizeal Inc and its leadership
Hyderabad/ 2nd December 2021: Cigniti Technologies board give go-ahead for lawsuit against Qualizeal Inc and its leadership. Cigniti Technologies Limited informed the Bombay Stock Exchange in a regulator filing that in a meeting held on 1st December 2021 its Board of Directors approved the resolution of the Company’s US subsidiary to proceed with the filing of a lawsuit (DC-21-17023) against its former employees Pradeep Govindasamy, Kalyana Rao Konda, and a related entity QualiZeal Inc. The claims include breach of contract, breach of fiduciary duty, tortious interference, statutory misappropriation of trade secrets, civil conspiracy, and fraudulent concealment. The Board also authorized Mr. C.V. Subramanyam, Chairman & Managing Director of the company to proceed against the relevant employees, members and entities who were involved and explore the possibility of filing legal claims in the courts.
The BSE announcement – https://www.bseindia.com/xml-data/corpfiling/AttachLive/905248b9-5b4a-4e2d-910f-5cb7ad9bcf38.pdf
About Cigniti: Cigniti Technologies Limited (NSE: CIGNITITEC, BSE: 534758), global leader in providing IP-led, strategic digital assurance, software quality engineering, testing and consulting services, is headquartered in Hyderabad, India, with offices in USA, U.K., UAE, Australia, Czech Republic and Singapore. Leading global enterprises including Fortune 500 & Global 2000, trust us to accelerate their digital transformation, continuously expand their digital horizons and assure their digital next. We bring the power of AI into Agile and DevOps and offer digital services encompassing intelligent automation, big data analytics, cloud migration assurance, 5G Assurance, Customer experience assurance and much more. Our IP, next-gen quality engineering platform, BlueSwan helps assure digital next by predicting and preventing unanticipated application failures, thereby assisting our clients in accelerating their adoption of digital.
