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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}}</ref>


In 2014, American growth equity firm [[General Atlantic]] purchase 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}}</ref> CitiusTech was featured in Forbes India as one of the publication’s "Hidden Gems" in 2014.<ref name=":2" />
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}}</ref> CitiusTech was featured in Forbes India as one of the publication’s "Hidden Gems" in 2014.<ref name=":2" />


CitiusTech collaborated with the [[Indian Institutes of Technology]]’s SINE (Society for Innovation and Entrepreneurship) to establish the Healthcare Innovation Fund 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>
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}}</ref> CitiusTech also partnered with [[Tata Memorial Centre|Tata Memorial Hospital]] to provide PICC lines (Percutaneous Intravenous Central Catheters) to children being treated for cancer 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}}</ref> CitiusTech also partnered with [[Sentara Healthcare]] to deploy the company’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}}</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}}</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}}</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}}</ref>


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]] also signed an agreement 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 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]] to provide digital solutions for medical companies through GCP ([[Google Cloud Platform]]).<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 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>

Revision as of 05:54, 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 Pittsburgh-based technology company SDLC Partners in 2021.[20] Bhaskar Sambasivian was also appointed CEO of CitiusTech after Koita stepped down as CEO in 2021.[21] Atul Soneja, the company’s former Global Technology Leader, was appointed 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 eventually acquired the stake, joining CitiusTech as a strategic partner.[24] Birla Institute of Technology and Science (BITS) Pilani partnered with CitiusTech to provide training for CitiusTech’s technology professionals.[25]

Awards

CitiusTech received the Golden Stevie Award for Most Innovative Tech Company at the American Business Awards in 2015.[26]

CitiusTech has been named one of the best workplaces in India by Great Places to Work from 2012-2020.[27][28] It was also named to Healthcare Informatics’ HCI 100 list from 2016-2018.[28]

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. ^ 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.
  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. ^ "CitiusTech Inc., Princeton, NJ | Stevie Awards". stevieawards.com. Retrieved 22 December 2022.
  27. ^ "Best companies to work for 2012: Top 50 firms upto thousand employees". India Times. 17 July 2012.
  28. ^ 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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