CitiusTech: Difference between revisions
No edit summary |
Rescuing 21 sources and tagging 0 as dead.) #IABot (v2.0.9.5 |
||
(32 intermediate revisions by 11 users not shown) | |||
Line 1: | Line 1: | ||
{{Short description|Indian health technology company}} |
|||
{{In use}} |
|||
{{Use dmy dates|date=January 2023}} |
|||
{{Use Indian English|date=January 2023}} |
|||
{{Infobox company |
|||
| name = CitiusTech |
|||
| logo = CitiusTech Logo.png |
|||
| type = [[Privately held company|Private]] |
|||
| industry = Health information, healthcare, technology |
|||
| founded = 2005 |
|||
| founder = {{Unbulleted list|Rizwan Koita|Jagdish Moorjani|Bimal R. Naik}} |
|||
| hq_location = [[Mumbai]], Maharashtra, India |
|||
| area_served = Worldwide |
|||
| key_people = Rajan Kohli (CEO), [[William Winkenwerder]] (Chairman) |
|||
| website = {{URL|https://www.citiustech.com/}} |
|||
}} |
|||
'''CitiusTech''' is |
'''CitiusTech''' is a global [[health information technology]] company based in [[Mumbai|Mumbai, India]].<ref name=":0">{{Cite news |last1=M |first1=Sabarinath |last2=Shivapriya |first2=N. |title=CitiusTech: Meet the three IITians on whom General Atlantic has bet $100 million |work=The Economic Times |url=https://economictimes.indiatimes.com/small-biz/entrepreneurship/citiustech-meet-the-three-iitians-on-whom-general-atlantic-has-bet-100-million/articleshow/34442304.cms |access-date=2022-11-20}}</ref><ref name=":1">{{Cite web |last=Torrence |first=Rebecca |date=2021-10-26 |title=CitiusTech taps new CEO as payer-focused company eyes strategic M&A moves |url=https://www.fiercehealthcare.com/digital-health/citiustech-taps-new-ceo-co-founders-step-down |access-date=2022-11-20 |website=Fierce Healthcare |language=en |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120091634/https://www.fiercehealthcare.com/digital-health/citiustech-taps-new-ceo-co-founders-step-down |url-status=live }}</ref><ref name=":2">{{Cite web |title=CitiusTech: Pioneers Of Health Care Analytics |url=https://www.forbesindia.com/article/hidden-gems/citiustech-pioneers-of-health-care-analytics/38250/1 |access-date=2022-11-20 |website=Forbes India |language=en |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120091630/https://www.forbesindia.com/article/hidden-gems/citiustech-pioneers-of-health-care-analytics/38250/1 |url-status=live }}</ref> The company provides services such as [[data management]], consulting, [[digital engineering]], and [[artificial intelligence]] to health and healthcare companies.<ref name=":3">{{Cite web |last=jirehl |title=The Top 100 Healthcare Technology Companies of 2022 {{!}} The Healthcare Technology Report. |url=https://thehealthcaretechnologyreport.com/the-top-100-healthcare-technology-companies-of-2022/ |access-date=2022-11-20 |language=en-US |archive-date=17 November 2022 |archive-url=https://web.archive.org/web/20221117210846/https://thehealthcaretechnologyreport.com/the-top-100-healthcare-technology-companies-of-2022/ |url-status=live }}</ref> |
||
== History == |
== History == |
||
CitiusTech was founded by Rizwan Koita, Jagdish Moorjani, and Bimal R. Naik in 2005.<ref name=":2" /><ref>{{Cite web |title=CitiusTech aims to increase headcount by 2000 in coming year |url=https://www.biospectrumasia.com/news/46/20905/citiustech-aims-to-increase-headcount-by-2000-in-coming-year.html |access-date=2022-11-20 |website=www.biospectrumasia.com |language=en}}</ref><ref>{{Cite web |title=KKR, Baring Asia lead race for CitiusTech - Times of India |url=https://timesofindia.indiatimes.com/business/india-business/kkr-baring-asia-lead-race-for-citiustech/articleshow/70120036.cms |access-date=2022-11-20 |website=The Times of India |language=en}}</ref> |
CitiusTech was founded by Rizwan Koita, Jagdish Moorjani, and Bimal R. Naik in 2005.<ref name=":2" /><ref>{{Cite web |title=CitiusTech aims to increase headcount by 2000 in coming year |url=https://www.biospectrumasia.com/news/46/20905/citiustech-aims-to-increase-headcount-by-2000-in-coming-year.html |access-date=2022-11-20 |website=www.biospectrumasia.com |language=en |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120091915/https://www.biospectrumasia.com/news/46/20905/citiustech-aims-to-increase-headcount-by-2000-in-coming-year.html |url-status=live }}</ref><ref>{{Cite web |title=KKR, Baring Asia lead race for CitiusTech - Times of India |url=https://timesofindia.indiatimes.com/business/india-business/kkr-baring-asia-lead-race-for-citiustech/articleshow/70120036.cms |access-date=2022-11-20 |website=The Times of India |language=en}}</ref> All three founders met as students at [[IIT Bombay]].<ref name=":0" /><ref name=":3" /> Koita and Moorjani previously founded the BPO company TransWorks in 1999, which the Aditya Birla Group acquired in 2003.<ref name=":0" /> |
||
CitiusTech received [[Red Herring (magazine)|Red Herring]]’s Technology Award in 2011.<ref>{{Cite web |last=Chaudhary |first=Deepti |date=2014-03-13 |title=General Atlantic emerges as frontrunner for PE investment in CitiusTech |url=https://www.livemint.com/Companies/dL3oT00M7PFTbeuKlwVgwN/General-Atlantic-emerges-as-frontrunner-for-PE-investment-in.html |access-date= |
CitiusTech received [[Red Herring (magazine)|Red Herring]]’s Technology Award in 2011.<ref>{{Cite web |last=Chaudhary |first=Deepti |date=2014-03-13 |title=General Atlantic emerges as frontrunner for PE investment in CitiusTech |url=https://www.livemint.com/Companies/dL3oT00M7PFTbeuKlwVgwN/General-Atlantic-emerges-as-frontrunner-for-PE-investment-in.html |access-date=2024-02-05 |website=mint |language=en |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120094109/https://www.livemint.com/Companies/dL3oT00M7PFTbeuKlwVgwN/General-Atlantic-emerges-as-frontrunner-for-PE-investment-in.html |url-status=live }}</ref> |
||
For his work with CitiusTech, Koita received the 2013 [[Ernst & Young Entrepreneur of the Year Award]].<ref>{{Cite web |title=Builders of a better India |url=https://www.ey.com/en_in/entrepreneur-of-the-year/builders-of-better-india |access-date=2022-11-20 |website=www.ey.com |language=en-IN}}</ref> |
For his work with CitiusTech, Koita received the 2013 [[Ernst & Young Entrepreneur of the Year Award]].<ref>{{Cite web |title=Builders of a better India |url=https://www.ey.com/en_in/entrepreneur-of-the-year/builders-of-better-india |access-date=2022-11-20 |website=www.ey.com |language=en-IN |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120094110/https://www.ey.com/en_in/entrepreneur-of-the-year/builders-of-better-india |url-status=live }}</ref> |
||
In 2014, American growth equity firm [[General Atlantic]] |
In 2014, American growth equity firm [[General Atlantic]] purchased a 26% stake in CitiusTech.<ref>{{Cite news |last1=M |first1=Sabarinath |last2=Shivapriya |first2=N. |title=General Atlantic Partners to buy 30% stake in CitiusTech |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/general-atlantic-partners-to-buy-30-stake-in-citiustech/articleshow/31911364.cms |access-date=2022-11-20}}</ref><ref>{{Cite news |date=2014-03-20 |title=General Atlantic to invest in tech services firm CitiusTech |language=en |work=Reuters |url=https://www.reuters.com/article/india-citiustech-generalatlantic-idINDEEA2J0CI20140320 |access-date=2022-11-20 |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120094105/https://www.reuters.com/article/india-citiustech-generalatlantic-idINDEEA2J0CI20140320 |url-status=live }}</ref> CitiusTech was featured in Forbes India as one of the publication’s "Hidden Gems" in 2014.<ref name=":2" /> |
||
CitiusTech established the Healthcare Innovation Fund with the [[Indian Institutes of Technology]]’s Society for Innovation and Entrepreneurship in 2016.<ref>{{Cite news |last=Sangani |first=Priyanka |title=CitiusTech sets up Healthcare innovation Fund with SINE |work=The Economic Times |url=https://economictimes.indiatimes.com/small-biz/startups/citiustech-sets-up-healthcare-innovation-fund-with-sine/articleshow/55724846.cms |access-date=2022-12-22}}</ref> |
|||
Pat Fry, former President and CEO of [[Sutter Health]], joined CitiusTech’s board of directors in 2020.<ref>{{Cite web |date=2020-03-06 |title=Pat Fry, former President and CEO of Sutter Health, Joins CitiusTech's Board of Directors |url=https://www.expresscomputer.in/news/pat-fry-former-president-and-ceo-of-sutter-health-joins-citiustechs-board-of-directors/50334/ |website=Express Computer |access-date=22 December 2022 |archive-date=22 December 2022 |archive-url=https://web.archive.org/web/20221222070746/https://www.expresscomputer.in/news/pat-fry-former-president-and-ceo-of-sutter-health-joins-citiustechs-board-of-directors/50334/ |url-status=live }}</ref> CitiusTech began supplying PICC lines to children being treated for cancer at Tata Memorial Hospital in 2018.<ref>{{Cite web |date=2017-01-31 |title=CitiusTech ties up with Tata Memorial Hospital for paediatric cancer care |url=https://www.thehindubusinessline.com/companies/citiustech-ties-up-with-tata-memorial-hospital-for-paediatric-cancer-care/article9512251.ece |access-date=2022-12-22 |website=www.thehindubusinessline.com |language=en |archive-date=22 December 2022 |archive-url=https://web.archive.org/web/20221222065408/https://www.thehindubusinessline.com/companies/citiustech-ties-up-with-tata-memorial-hospital-for-paediatric-cancer-care/article9512251.ece |url-status=live }}</ref> CitiusTech also co-developed and deployed [[Sentara Healthcare]]’s enterprise data platform through [[Microsoft Azure]].<ref>{{Cite web |date=2020-03-13 |title=Sentara Healthcare partners with CitiusTech to deploy data platform on Microsoft Azure |url=https://technuter.com/tech/sentara-healthcare-partners-with-citiustech-to-deploy-data-platform-on-microsoft-azure.html |access-date=2022-12-22 |website=Technuter |language=en-US |archive-date=22 December 2022 |archive-url=https://web.archive.org/web/20221222070745/https://technuter.com/tech/sentara-healthcare-partners-with-citiustech-to-deploy-data-platform-on-microsoft-azure.html |url-status=live }}</ref> |
|||
⚫ | In 2019, [[General Atlantic]] exited CitiusTech, announcing plans to sell its stake in the company.<ref>{{Cite news | |
||
⚫ | In 2019, [[General Atlantic]] exited CitiusTech, announcing plans to sell its stake in the company.<ref>{{Cite news |last1=PM |first1=Indulal |last2=Barman |first2=Arijit |title=Citius Tech: PE General Atlantic looks to exit Citius Tech |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/pe-general-atlantic-looks-to-exit-citius-tech/articleshow/68680135.cms |access-date=2022-11-20}}</ref> [[Baring Private Equity Asia]] agreed to acquire CitiusTech from Koita and Moorjani in 2019.<ref>{{Cite news |last1=PM |first1=Indulal |last2=Barman |first2=Arijit |title=Baring signs pact to buy CitiusTech |work=The Economic Times |url=https://economictimes.indiatimes.com/corporate/baring-signs-pact-to-buy-citiustech/articleshow/70184826.cms |access-date=2022-11-20}}</ref> |
||
In 2020, CitiusTech partnered with [[Google Cloud]] and began using [[Google Cloud Platform]] to provide IT and digital solutions for medical technology companies.<ref>{{Cite web |last=Chronicle |first=Deccan |date=2020-02-12 |title=CitiusTech announces partnership with Google Cloud |url=https://www.deccanchronicle.com/technology/in-other-news/120220/citiustech-announces-partnership-with-google-cloud.html |access-date=2022-11-20 |website=Deccan Chronicle |language=en |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120095130/https://www.deccanchronicle.com/technology/in-other-news/120220/citiustech-announces-partnership-with-google-cloud.html |url-status=live }}</ref><ref>{{Cite web |last=Desk |first=AIT News |date=2020-02-07 |title=CitiusTech Announces Partnership with Google Cloud to Accelerate Digital Transformation |url=https://aithority.com/technology/life-sciences/citiustech-announces-partnership-with-google-cloud-to-accelerate-digital-transformation-for-healthcare-organizations/ |access-date=2022-11-20 |website=AiThority |language=en-US |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120095130/https://aithority.com/technology/life-sciences/citiustech-announces-partnership-with-google-cloud-to-accelerate-digital-transformation-for-healthcare-organizations/ |url-status=live }}</ref> The company acquired a majority stake in strategic consulting company ''FluidEdge Consulting'' in 2020.<ref>{{Cite news |last=Vignesh |first=J. |title=CitiusTech acquires majority stake in FluidEdge Consulting |work=The Economic Times |url=https://economictimes.indiatimes.com/corporate/citiustech-acquires-majority-stake-in-fluidedge-consulting/articleshow/65584514.cms |access-date=2022-11-20 |archive-date=20 November 2022 |archive-url=https://web.archive.org/web/20221120094327/https://economictimes.indiatimes.com/corporate/citiustech-acquires-majority-stake-in-fluidedge-consulting/articleshow/65584514.cms |url-status=live }}</ref><ref>{{Cite web |date=2020-12-14 |title=CitiusTech Completes FluidEdge Consulting Acquisition |url=http://cellit.in/citiustech-completes-fluidedge-consulting-acquisition/ |access-date=2022-12-22 |website=CELLIT - Technology News Magazine |language=en-GB}}</ref> |
|||
CitiusTech acquired technology company SDLC Partners in 2021.<ref>{{Cite news |title=Healthtech firm CitiusTech acquires SDLC Partners in payer market push |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/information-tech/healthtech-firm-citiustech-acquires-sdlc-partners-in-payer-market-push/articleshow/83838747.cms |access-date=2022-12-22}}</ref> Bhaskar Sambasivian was also appointed CEO of CitiusTech after the company’s founders stepped down from their positions 2021.<ref name=":1" /><ref>{{Cite web |last=Computer |first=Express |date=2021-06-25 |title=Citiustech acquires SDLC Partners, extends payers market leadership |url=https://www.expresscomputer.in/news/citiustech-acquires-sdlc-partners-extends-payers-market-leadership/77102/ |access-date=2022-12-22 |website=Express Computer |language=en-US |archive-date=22 December 2022 |archive-url=https://web.archive.org/web/20221222071533/https://www.expresscomputer.in/news/citiustech-acquires-sdlc-partners-extends-payers-market-leadership/77102/ |url-status=live }}</ref> Atul Soneja was appointed the company’s President of Operations in the same year.<ref>{{Cite web |date=2021-09-13 |title=Atul Soneja Joins CitiusTech as President |url=https://www.enterpriseitworld.com/atul-soneja-joins-citiustech-as-president/ |access-date=2022-12-22 |website=Enterprise IT World |language=en-US}}</ref> |
|||
Baring Private Equity Asia announced it was selling its 40% stake in CitiusTech in 2022, companies such as [[Bain Capital]], [[Apax Partners]], and [[Fujitsu]] expressed their interest, with [[Bain Capital]] considered the frontrunner in acquiring the stake.<ref>{{Cite news |last1=PM |first1=Indulal |last2=Barman |first2=Arijit |title=Bain & Able: PE edges past rivals for CitiusTech stake |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/bain-able-pe-edges-past-rivals-for-citiustech-stake/articleshow/91299441.cms |access-date=2022-12-22 |archive-date=22 December 2022 |archive-url=https://web.archive.org/web/20221222072943/https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/bain-able-pe-edges-past-rivals-for-citiustech-stake/articleshow/91299441.cms |url-status=live }}</ref> |
|||
Bain Capital, joined CitiusTech as a strategic partner in 2022.<sup><ref>{{Cite news |last=Sangani |first=Priyanka |title=CitiusTech adopts 3x10 strategy under new CEO |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/technology/citiustech-adopts-3x10-strategy-under-new-ceo/articleshow/92247522.cms |access-date=2022-12-22 |archive-date=22 December 2022 |archive-url=https://web.archive.org/web/20221222072955/https://economictimes.indiatimes.com/tech/technology/citiustech-adopts-3x10-strategy-under-new-ceo/articleshow/92247522.cms |url-status=live }}</ref></sup> [[Birla Institute of Technology and Science, Pilani|Birla Institute of Technology and Science]] (BITS) Pilani also began providing training for CitiusTech’s technology professionals in 2022.<ref>{{Cite web |date=2022-06-02 |title=BITS Pilani to Upskill Professionals in Data Science, Analytics, Collaborates With CitiusTech |url=https://www.news18.com/news/education-career/bits-pilani-to-upskill-professionals-in-data-science-analytics-collaborates-with-citiustech-5291527.html |access-date=2022-12-22 |website=News18 |language=en}}</ref><ref>{{Cite web |last=Pringle |first=Sarah |date=2022-10-24 |title=Behind Bain's CitiusTech buy |url=https://www.axios.com/pro/health-tech-deals/2022/10/24/bain-citiustech-bpea-eqt |access-date=2023-02-21 |website=Axios |language=en |archive-date=21 February 2023 |archive-url=https://web.archive.org/web/20230221060457/https://www.axios.com/pro/health-tech-deals/2022/10/24/bain-citiustech-bpea-eqt |url-status=live }}</ref> In the same year, CitiusTech acquired salesforce consulting company Wilco Source<ref>{{Cite web |date=2022-11-10 |title=CitiusTech Acquires Wilco Source |url=https://www.finsmes.com/2022/11/citiustech-acquires-wilco-source.html |access-date=2023-02-21 |website=FinSMEs |language=en-US |archive-date=21 February 2023 |archive-url=https://web.archive.org/web/20230221060452/https://www.finsmes.com/2022/11/citiustech-acquires-wilco-source.html |url-status=live }}</ref><ref>{{Cite web |title=CitiusTech acquires Wilco Source to offer CRM and Cloud Solution to health care companies By CIOTechOutlook Team |url=https://www.ciotechoutlook.com/news/citiustech-acquires-wilco-source-to-offer-crm-and-cloud-solution-to-health-care-companies-nid-9444-cid-19.html |access-date=2023-02-21 |website=www.ciotechoutlook.com |archive-date=21 February 2023 |archive-url=https://web.archive.org/web/20230221060455/https://www.ciotechoutlook.com/news/citiustech-acquires-wilco-source-to-offer-crm-and-cloud-solution-to-health-care-companies-nid-9444-cid-19.html |url-status=live }}</ref> and opened a new facility in Pune<sup>.</sup><ref>{{Cite web |last=Dolare |first=Rahul |date=2022-12-08 |title=CitiusTech Expands Footprint, Opens New Facility in Pune |url=https://www.punekarnews.in/citiustech-expands-footprint-opens-new-facility-in-pune/ |access-date=2023-02-21 |website=Punekar News |language=en-US}}</ref><ref>{{Cite web |title=CitiusTech opens second Pune campus, aims to make city talent centre |url=https://www.msn.com/en-in/money/topstories/citius-opens-second-pune-campus-aims-to-make-city-talent-centre/ar-AA154teE |access-date=2023-02-21 |website=MSN |language=en-IN}}</ref> The company also has offices in Bengaluru.<ref>{{Cite web |date=2020-02-13 |title=CitiusTech to hire 500 more in Bengaluru over two years |url=https://www.techcircle.in/2020/02/13/citiustech-to-hire-500-more-in-bengaluru-over-two-years |access-date=2023-02-21 |website=Techcircle |language=en-US |archive-date=21 February 2023 |archive-url=https://web.archive.org/web/20230221060454/https://www.techcircle.in/2020/02/13/citiustech-to-hire-500-more-in-bengaluru-over-two-years |url-status=live }}</ref> |
|||
== Awards == |
|||
CitiusTech received the Golden Stevie Award for Most Innovative Tech Company at the American Business Awards in 2015.<ref>{{Cite web |title=CitiusTech Inc., Princeton, NJ {{!}} Stevie Awards |url=https://stevieawards.com/aba/citiustech-inc-princeton-nj |access-date=2022-12-22 |website=stevieawards.com}}</ref> |
|||
CitiusTech has been named one of the best workplaces in India by Great Places to Work from 2012-2020.<ref>{{Cite web |date=2012-07-17 |title=Best companies to work for 2012: Top 50 firms upto thousand employees |url=https://economictimes.indiatimes.com/news/company/corporate-trends/best-companies-to-work-for-2012-top-50-firms-upto-thousand-employees/articleshow/14862629.cms?from=mdr |website=India Times |access-date=22 December 2022 |archive-date=22 December 2022 |archive-url=https://web.archive.org/web/20221222073833/https://economictimes.indiatimes.com/news/company/corporate-trends/best-companies-to-work-for-2012-top-50-firms-upto-thousand-employees/articleshow/14862629.cms?from=mdr |url-status=live }}</ref><ref name=":4">{{Cite web |title=CitiusTech - Virtual Exhibit Hall - Artificial Intelligence Symposium 2021 - LIVESTREAM {{!}} Mayo Clinic School of Continuous Professional Development |url=https://ce.mayo.edu/content/citiustech-virtual-exhibit-hall-artificial-intelligence-symposium-2021-livestream |access-date=2022-12-22 |website=ce.mayo.edu}}</ref> It was also named to Healthcare Informatics’ HCI 100 list from 2016-2018.<ref name=":4" /> |
|||
== References == |
== References == |
||
{{reflist}} |
|||
[[Category:Technology companies of India]] |
|||
[[Category:Companies based in Mumbai]] |
|||
[[Category:Indian companies established in 2005]] |
Latest revision as of 07:05, 29 December 2024
Company type | Private |
---|---|
Industry | Health information, healthcare, technology |
Founded | 2005 |
Founder |
|
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Rajan Kohli (CEO), William Winkenwerder (Chairman) |
Website | www |
CitiusTech is a global health information technology company based in Mumbai, India.[1][2][3] The company provides services such as data management, consulting, digital engineering, and artificial intelligence to health and healthcare companies.[4]
History
[edit]CitiusTech was founded by Rizwan Koita, Jagdish Moorjani, and Bimal R. Naik in 2005.[3][5][6] All three founders met as students at IIT Bombay.[1][4] Koita and Moorjani previously founded the BPO company TransWorks in 1999, which the Aditya Birla Group acquired in 2003.[1]
CitiusTech received Red Herring’s Technology Award in 2011.[7]
For his work with CitiusTech, Koita received the 2013 Ernst & Young Entrepreneur of the Year Award.[8]
In 2014, American growth equity firm General Atlantic purchased a 26% stake in CitiusTech.[9][10] CitiusTech was featured in Forbes India as one of the publication’s "Hidden Gems" in 2014.[3]
CitiusTech established the Healthcare Innovation Fund with the Indian Institutes of Technology’s Society for Innovation and Entrepreneurship in 2016.[11]
Pat Fry, former President and CEO of Sutter Health, joined CitiusTech’s board of directors in 2020.[12] CitiusTech began supplying PICC lines to children being treated for cancer at Tata Memorial Hospital in 2018.[13] CitiusTech also co-developed and deployed Sentara Healthcare’s enterprise data platform through Microsoft Azure.[14]
In 2019, General Atlantic exited CitiusTech, announcing plans to sell its stake in the company.[15] Baring Private Equity Asia agreed to acquire CitiusTech from Koita and Moorjani in 2019.[16]
In 2020, CitiusTech partnered with Google Cloud and began using Google Cloud Platform to provide IT and digital solutions for medical technology companies.[17][18] The company acquired a majority stake in strategic consulting company FluidEdge Consulting in 2020.[19][20]
CitiusTech acquired technology company SDLC Partners in 2021.[21] Bhaskar Sambasivian was also appointed CEO of CitiusTech after the company’s founders stepped down from their positions 2021.[2][22] Atul Soneja was appointed the company’s President of Operations in the same year.[23]
Baring Private Equity Asia announced it was selling its 40% stake in CitiusTech in 2022, companies such as Bain Capital, Apax Partners, and Fujitsu expressed their interest, with Bain Capital considered the frontrunner in acquiring the stake.[24]
Bain Capital, joined CitiusTech as a strategic partner in 2022.[25] Birla Institute of Technology and Science (BITS) Pilani also began providing training for CitiusTech’s technology professionals in 2022.[26][27] In the same year, CitiusTech acquired salesforce consulting company Wilco Source[28][29] and opened a new facility in Pune.[30][31] The company also has offices in Bengaluru.[32]
Awards
[edit]CitiusTech received the Golden Stevie Award for Most Innovative Tech Company at the American Business Awards in 2015.[33]
CitiusTech has been named one of the best workplaces in India by Great Places to Work from 2012-2020.[34][35] It was also named to Healthcare Informatics’ HCI 100 list from 2016-2018.[35]
References
[edit]- ^ a b c M, Sabarinath; Shivapriya, N. "CitiusTech: Meet the three IITians on whom General Atlantic has bet $100 million". The Economic Times. Retrieved 20 November 2022.
- ^ a b Torrence, Rebecca (26 October 2021). "CitiusTech taps new CEO as payer-focused company eyes strategic M&A moves". Fierce Healthcare. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
- ^ a b c "CitiusTech: Pioneers Of Health Care Analytics". Forbes India. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
- ^ a b jirehl. "The Top 100 Healthcare Technology Companies of 2022 | The Healthcare Technology Report". Archived from the original on 17 November 2022. Retrieved 20 November 2022.
- ^ "CitiusTech aims to increase headcount by 2000 in coming year". www.biospectrumasia.com. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
- ^ "KKR, Baring Asia lead race for CitiusTech - Times of India". The Times of India. Retrieved 20 November 2022.
- ^ Chaudhary, Deepti (13 March 2014). "General Atlantic emerges as frontrunner for PE investment in CitiusTech". mint. Archived from the original on 20 November 2022. Retrieved 5 February 2024.
- ^ "Builders of a better India". www.ey.com. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
- ^ M, Sabarinath; Shivapriya, N. "General Atlantic Partners to buy 30% stake in CitiusTech". The Economic Times. Retrieved 20 November 2022.
- ^ "General Atlantic to invest in tech services firm CitiusTech". Reuters. 20 March 2014. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
- ^ Sangani, Priyanka. "CitiusTech sets up Healthcare innovation Fund with SINE". The Economic Times. Retrieved 22 December 2022.
- ^ "Pat Fry, former President and CEO of Sutter Health, Joins CitiusTech's Board of Directors". Express Computer. 6 March 2020. Archived from the original on 22 December 2022. Retrieved 22 December 2022.
- ^ "CitiusTech ties up with Tata Memorial Hospital for paediatric cancer care". www.thehindubusinessline.com. 31 January 2017. Archived from the original on 22 December 2022. Retrieved 22 December 2022.
- ^ "Sentara Healthcare partners with CitiusTech to deploy data platform on Microsoft Azure". Technuter. 13 March 2020. Archived from the original on 22 December 2022. Retrieved 22 December 2022.
- ^ PM, Indulal; Barman, Arijit. "Citius Tech: PE General Atlantic looks to exit Citius Tech". The Economic Times. Retrieved 20 November 2022.
- ^ PM, Indulal; Barman, Arijit. "Baring signs pact to buy CitiusTech". The Economic Times. Retrieved 20 November 2022.
- ^ Chronicle, Deccan (12 February 2020). "CitiusTech announces partnership with Google Cloud". Deccan Chronicle. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
- ^ Desk, AIT News (7 February 2020). "CitiusTech Announces Partnership with Google Cloud to Accelerate Digital Transformation". AiThority. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
{{cite web}}
:|last=
has generic name (help) - ^ Vignesh, J. "CitiusTech acquires majority stake in FluidEdge Consulting". The Economic Times. Archived from the original on 20 November 2022. Retrieved 20 November 2022.
- ^ "CitiusTech Completes FluidEdge Consulting Acquisition". CELLIT - Technology News Magazine. 14 December 2020. Retrieved 22 December 2022.
- ^ "Healthtech firm CitiusTech acquires SDLC Partners in payer market push". The Economic Times. Retrieved 22 December 2022.
- ^ Computer, Express (25 June 2021). "Citiustech acquires SDLC Partners, extends payers market leadership". Express Computer. Archived from the original on 22 December 2022. Retrieved 22 December 2022.
- ^ "Atul Soneja Joins CitiusTech as President". Enterprise IT World. 13 September 2021. Retrieved 22 December 2022.
- ^ PM, Indulal; Barman, Arijit. "Bain & Able: PE edges past rivals for CitiusTech stake". The Economic Times. Archived from the original on 22 December 2022. Retrieved 22 December 2022.
- ^ Sangani, Priyanka. "CitiusTech adopts 3x10 strategy under new CEO". The Economic Times. Archived from the original on 22 December 2022. Retrieved 22 December 2022.
- ^ "BITS Pilani to Upskill Professionals in Data Science, Analytics, Collaborates With CitiusTech". News18. 2 June 2022. Retrieved 22 December 2022.
- ^ Pringle, Sarah (24 October 2022). "Behind Bain's CitiusTech buy". Axios. Archived from the original on 21 February 2023. Retrieved 21 February 2023.
- ^ "CitiusTech Acquires Wilco Source". FinSMEs. 10 November 2022. Archived from the original on 21 February 2023. Retrieved 21 February 2023.
- ^ "CitiusTech acquires Wilco Source to offer CRM and Cloud Solution to health care companies By CIOTechOutlook Team". www.ciotechoutlook.com. Archived from the original on 21 February 2023. Retrieved 21 February 2023.
- ^ Dolare, Rahul (8 December 2022). "CitiusTech Expands Footprint, Opens New Facility in Pune". Punekar News. Retrieved 21 February 2023.
- ^ "CitiusTech opens second Pune campus, aims to make city talent centre". MSN. Retrieved 21 February 2023.
- ^ "CitiusTech to hire 500 more in Bengaluru over two years". Techcircle. 13 February 2020. Archived from the original on 21 February 2023. Retrieved 21 February 2023.
- ^ "CitiusTech Inc., Princeton, NJ | Stevie Awards". stevieawards.com. Retrieved 22 December 2022.
- ^ "Best companies to work for 2012: Top 50 firms upto thousand employees". India Times. 17 July 2012. Archived from the original on 22 December 2022. Retrieved 22 December 2022.
- ^ a b "CitiusTech - Virtual Exhibit Hall - Artificial Intelligence Symposium 2021 - LIVESTREAM | Mayo Clinic School of Continuous Professional Development". ce.mayo.edu. Retrieved 22 December 2022.