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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}}</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}}</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}}</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>
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}}</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}}</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}}</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 Pittsburgh-based 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 Koita stepped down as CEO in 2021.<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}}</ref> Atul Soneja, the company’s former Global Technology Leader, was appointed 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>
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}}</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}}</ref> Bain Capital eventually acquired the stake, joining CitiusTech as a strategic partner.<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}}</ref> [[Birla Institute of Technology and Science, Pilani|Birla Institute of Technology and Science]] (BITS) Pilani partnered with CitiusTech to provide training for CitiusTech’s technology professionals.<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>
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}}</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}}</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}}</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}}</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}}</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}}</ref>


== Awards ==
== Awards ==

Revision as of 06:04, 21 February 2023

CitiusTech
Company typePrivate
IndustryHealth information, healthcare, technology
Founded2005
Founder
  • Rizwan Koita
  • Jagdish Moorjani
  • Bimal R. Naik
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Bhaskar Sambasivan (CEO)
Websitewww.citiustech.com

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

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]

For his work with CitiusTech, Koita received the 2013 Ernst & Young Entrepreneur of the Year Award.[7]

In 2014, American growth equity firm General Atlantic purchased a 26% stake in CitiusTech.[8][9] 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.[10]

Pat Fry, former President and CEO of Sutter Health, joined CitiusTech’s board of directors in 2020.[11] CitiusTech  began supplying PICC lines to children being treated for cancer at Tata Memorial Hospital in 2018.[12] CitiusTech also co-developed and deployed  Sentara Healthcare’s enterprise data platform through Microsoft Azure.[13]

In 2019, General Atlantic exited CitiusTech, announcing plans to sell its stake in the company.[14] Baring Private Equity Asia agreed  to acquire CitiusTech from Koita and Moorjani in 2019.[15]

In 2020, CitiusTech partnered with Google Cloud and began using Google Cloud Platform to provide IT and digital solutions for medical technology companies.[16][17] The company acquired a majority stake in strategic consulting company FluidEdge Consulting in 2020.[18][19]

CitiusTech acquired technology company SDLC Partners in 2021.[20] Bhaskar Sambasivian was also appointed CEO of CitiusTech after the company’s founders stepped down from their positions  2021.[2][21] Atul Soneja was appointed the company’s President of Operations in the same year.[22]

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.[23]

Bain Capital, joined CitiusTech as a strategic partner in 2022.[24] Birla Institute of Technology and Science (BITS) Pilani also began  providing training for CitiusTech’s technology professionals in 2022.[25][26] In the same year, CitiusTech acquired salesforce consulting company Wilco Source[27][28] and opened a new facility in Pune.[29][30] The company also has offices in Bengaluru.[31]

Awards

CitiusTech received the Golden Stevie Award for Most Innovative Tech Company at the American Business Awards in 2015.[32]

CitiusTech has been named one of the best workplaces in India by Great Places to Work from 2012-2020.[33][34] It was also named to Healthcare Informatics’ HCI 100 list from 2016-2018.[34]

References

  1. ^ 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.
  2. ^ a b Torrence, Rebecca (26 October 2021). "CitiusTech taps new CEO as payer-focused company eyes strategic M&A moves". Fierce Healthcare. Retrieved 20 November 2022.
  3. ^ a b c "CitiusTech: Pioneers Of Health Care Analytics". Forbes India. Retrieved 20 November 2022.
  4. ^ a b jirehl. "The Top 100 Healthcare Technology Companies of 2022 | The Healthcare Technology Report". Retrieved 20 November 2022.
  5. ^ "CitiusTech aims to increase headcount by 2000 in coming year". www.biospectrumasia.com. Retrieved 20 November 2022.
  6. ^ "KKR, Baring Asia lead race for CitiusTech - Times of India". The Times of India. Retrieved 20 November 2022.
  7. ^ "Builders of a better India". www.ey.com. Retrieved 20 November 2022.
  8. ^ M, Sabarinath; Shivapriya, N. "General Atlantic Partners to buy 30% stake in CitiusTech". The Economic Times. Retrieved 20 November 2022.
  9. ^ "General Atlantic to invest in tech services firm CitiusTech". Reuters. 20 March 2014. Retrieved 20 November 2022.
  10. ^ Sangani, Priyanka. "CitiusTech sets up Healthcare innovation Fund with SINE". The Economic Times. Retrieved 22 December 2022.
  11. ^ "Pat Fry, former President and CEO of Sutter Health, Joins CitiusTech's Board of Directors". Express Computer. 6 March 2020.
  12. ^ "CitiusTech ties up with Tata Memorial Hospital for paediatric cancer care". www.thehindubusinessline.com. 31 January 2017. Retrieved 22 December 2022.
  13. ^ "Sentara Healthcare partners with CitiusTech to deploy data platform on Microsoft Azure". Technuter. 13 March 2020. Retrieved 22 December 2022.
  14. ^ PM, Indulal; Barman, Arijit. "Citius Tech: PE General Atlantic looks to exit Citius Tech". The Economic Times. Retrieved 20 November 2022.
  15. ^ PM, Indulal; Barman, Arijit. "Baring signs pact to buy CitiusTech". The Economic Times. Retrieved 20 November 2022.
  16. ^ Chronicle, Deccan (12 February 2020). "CitiusTech announces partnership with Google Cloud". Deccan Chronicle. Retrieved 20 November 2022.
  17. ^ Desk, AIT News (7 February 2020). "CitiusTech Announces Partnership with Google Cloud to Accelerate Digital Transformation". AiThority. Retrieved 20 November 2022. {{cite web}}: |last= has generic name (help)
  18. ^ Vignesh, J. "CitiusTech acquires majority stake in FluidEdge Consulting". The Economic Times. Retrieved 20 November 2022.
  19. ^ "CitiusTech Completes FluidEdge Consulting Acquisition". CELLIT - Technology News Magazine. 14 December 2020. Retrieved 22 December 2022.
  20. ^ "Healthtech firm CitiusTech acquires SDLC Partners in payer market push". The Economic Times. Retrieved 22 December 2022.
  21. ^ Computer, Express (25 June 2021). "Citiustech acquires SDLC Partners, extends payers market leadership". Express Computer. Retrieved 22 December 2022.
  22. ^ "Atul Soneja Joins CitiusTech as President". Enterprise IT World. 13 September 2021. Retrieved 22 December 2022.
  23. ^ PM, Indulal; Barman, Arijit. "Bain & Able: PE edges past rivals for CitiusTech stake". The Economic Times. Retrieved 22 December 2022.
  24. ^ Sangani, Priyanka. "CitiusTech adopts 3x10 strategy under new CEO". The Economic Times. Retrieved 22 December 2022.
  25. ^ "BITS Pilani to Upskill Professionals in Data Science, Analytics, Collaborates With CitiusTech". News18. 2 June 2022. Retrieved 22 December 2022.
  26. ^ Pringle, Sarah (24 October 2022). "Behind Bain's CitiusTech buy". Axios. Retrieved 21 February 2023.
  27. ^ "CitiusTech Acquires Wilco Source". FinSMEs. 10 November 2022. Retrieved 21 February 2023.
  28. ^ "CitiusTech acquires Wilco Source to offer CRM and Cloud Solution to health care companies By CIOTechOutlook Team". www.ciotechoutlook.com. Retrieved 21 February 2023.
  29. ^ Dolare, Rahul (8 December 2022). "CitiusTech Expands Footprint, Opens New Facility in Pune". Punekar News. Retrieved 21 February 2023.
  30. ^ "CitiusTech opens second Pune campus, aims to make city talent centre". MSN. Retrieved 21 February 2023.
  31. ^ "CitiusTech to hire 500 more in Bengaluru over two years". Techcircle. 13 February 2020. Retrieved 21 February 2023.
  32. ^ "CitiusTech Inc., Princeton, NJ | Stevie Awards". stevieawards.com. Retrieved 22 December 2022.
  33. ^ "Best companies to work for 2012: Top 50 firms upto thousand employees". India Times. 17 July 2012.
  34. ^ 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.

Category:Technology companies of India Category:Companies based in Mumbai

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