Apax Partners has reached an agreement to sell its majority stake in TriZetto Corporation to Cognizant Technology Solutions (NASDAQ: CTSH) for $2.7 billion in cash. The deal is expected to close in 4Q. TriZetto is a provider of healthcare information technology and service solutions to approximately 350 health plans and nearly 245,000 doctors and other healthcare providers. Apax made its majority investment in TriZetto—a transaction valued at roughly $1.4 billion—in 2008. During the holding period, the company made strategic developments, broadened its products offering and diversified its customer base.