How digitisation provides new business opportunities for technology providers in healthcare
Mapping and moving clinical data have always been challenging. Nudged by the Hi-Tech Act in 2010 that forced US medical records to get digitised, this is now a global trend across Europe and pockets of Asia, throwing open new business opportunities for tech providers. “90% of data in the US is now sitting in software systems.” says Jaddish Moorjani.
Baring Private Equity Asia to buy CitiusTech
The deal was signed after a highly competitive bidding process that attracted some of the larges...
Alumni funding on the rise at IITs
As many as 171 members contributed to the corpus, which will be used towards research centres, campus infr...
CitiusTech sets up Healthcare innovation Fund with SINE
To start with, this is a five year commitment with an increasing annual contribution which could be extended at the end of the initial five year period.
25 years of reforms: Meet entrepreneurs of the open era
The 1991 liberalisation has given these entrepreneurs a new set of wings to pursue their dreams in India and strengthen their companies.
CitiusTech: Meet the three IITians on whom General Atlantic has bet $100 million
Keeping company with Cognizant and Wipro is CitiusTech, a firm on which global PE player General Atlantic bet about $100 million last month.
General Atlantic Partners picks up strategic stake in CitiusTech
General Atlantic Partners, has picked up a strategic stake in Rizwan Koita-owned healthcare technology firm CitiusTech.
Canada-based Aditya Birla Minacs Worldwide sold to a group of strategic financial investors
Minacs, which employs 21,000 people across 35 locations in the world, is the country’s sixth-largest BPO firm, according to rankings compiled by Nasscom.
Baring Private Equity Asia leads race for CitiusTech
The deal is expected to be sealed at a valuation of $1 billion, after a highly competitive bid process that saw some of the largest buyout PE funds participate, people aware of the ongoing discussions told ET.
Bain Capital, 5 others in race to buy CitiusTech
ChrysCapital, Blackstone Group also among entities shortlisted; deal may value Citius at $900 million.
PE General Atlantic looks to exit Citius Tech
Based on the final valuation, the two founders and principal shareholders will take a call on the quantum of the secondary sale.
CitiusTech eyes $500 mn revenue in five years
The company has set up an advisory board comprising veterans from the healthcare industry to offer strategic guidance to the management to drive innovation across key markets.
CitiusTech buys majority stake in FluidEdge
US and Mumbai-based Citius-Tech is Rizwan Koita and IIT-Bombay batchmate and cofounder Jagdish Moorjani’s second company.
Leaders turn persistent learners to stay ahead
For example, what works for Rizwan Koita, CEO of healthcare IT company CitiusTech, is immediately sharing his learnings to cement them within his mind.
CitiusTech to hire upto 1,200 people this fiscal
The new employees would be a mix of sales and business development professionals in the key markets it operates in, along with customer management staff.
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