CitiusTech
CitiusTech is an Indian 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] The founders met while studying at the Indian Institute of Technology Bombay (IIT-B).[1][4] Prior to founding CitiusTech, Koita and Moorjani founded the BPO company TransWorks in 1999, which they sold to the Aditya Birla Group 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 purchase 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 received the Golden Stevie Award for Most Innovative Tech Company at the American Business Awards in 2015.[11]
CitiusTech collaborated with the Indian Institutes of Technology’s SINE (Society for Innovation and Entrepreneurship) to establish the Healthcare Innovation Fund in 2016.[12]
Pat Fry, former President and CEO of Sutter Health, joined CitiusTech’s board of directors in 2020.[13] CitiusTech also partnered with Tata Memorial Hospital to provide PICC lines (Percutaneous Intravenous Central Catheters) to children being treated for cancer in 2018.[14] CitiusTech also partnered with Sentara Healthcare to deploy the company’s enterprise data platform through Microsoft Azure.[15]
The company acquired a majority stake in strategic consulting company FluidEdge Consulting in 2018.[16]
In 2019, General Atlantic exited CitiusTech, announcing plans to sell its stake in the company.[17] Baring Private Equity Asia also signed an agreement to acquire CitiusTech from Koita and Moorjani in 2019.[18]
In 2020, CitiusTech partnered with Google Cloud to provide digital solutions for medical companies through GCP (Google Cloud Platform).[19][20]
References
- ^ a b c M, Sabarinath; Shivapriya, N. "CitiusTech: Meet the three IITians on whom General Atlantic has bet $100 million". The Economic Times. Retrieved 2022-11-20.
- ^ Torrence, Rebecca (2021-10-26). "CitiusTech taps new CEO as payer-focused company eyes strategic M&A moves". Fierce Healthcare. Retrieved 2022-11-20.
- ^ a b c "CitiusTech: Pioneers Of Health Care Analytics". Forbes India. Retrieved 2022-11-20.
- ^ a b jirehl. "The Top 100 Healthcare Technology Companies of 2022 | The Healthcare Technology Report". Retrieved 2022-11-20.
- ^ "CitiusTech aims to increase headcount by 2000 in coming year". www.biospectrumasia.com. Retrieved 2022-11-20.
- ^ "KKR, Baring Asia lead race for CitiusTech - Times of India". The Times of India. Retrieved 2022-11-20.
- ^ Chaudhary, Deepti (2014-03-13). "General Atlantic emerges as frontrunner for PE investment in CitiusTech". mint. Retrieved 2022-11-20.
- ^ "Builders of a better India". www.ey.com. Retrieved 2022-11-20.
- ^ M, Sabarinath; Shivapriya, N. "General Atlantic Partners to buy 30% stake in CitiusTech". The Economic Times. Retrieved 2022-11-20.
- ^ "General Atlantic to invest in tech services firm CitiusTech". Reuters. 2014-03-20. Retrieved 2022-11-20.
- ^ "CitiusTech Inc., Princeton, NJ | Stevie Awards". stevieawards.com. Retrieved 2022-12-22.
- ^ Sangani, Priyanka. "CitiusTech sets up Healthcare innovation Fund with SINE". The Economic Times. Retrieved 2022-12-22.
- ^ "Pat Fry, former President and CEO of Sutter Health, Joins CitiusTech's Board of Directors". Express Computer. 2020-03-06.
- ^ "CitiusTech ties up with Tata Memorial Hospital for paediatric cancer care". www.thehindubusinessline.com. 2017-01-31. Retrieved 2022-12-22.
- ^ "Sentara Healthcare partners with CitiusTech to deploy data platform on Microsoft Azure". Technuter. 2020-03-13. Retrieved 2022-12-22.
- ^ Vignesh, J. "CitiusTech acquires majority stake in FluidEdge Consulting". The Economic Times. Retrieved 2022-11-20.
- ^ PM, Indulal; Barman, Arijit. "Citius Tech: PE General Atlantic looks to exit Citius Tech". The Economic Times. Retrieved 2022-11-20.
- ^ PM, Indulal; Barman, Arijit. "Baring signs pact to buy CitiusTech". The Economic Times. Retrieved 2022-11-20.
- ^ Chronicle, Deccan (2020-02-12). "CitiusTech announces partnership with Google Cloud". Deccan Chronicle. Retrieved 2022-11-20.
- ^ Desk, AIT News (2020-02-07). "CitiusTech Announces Partnership with Google Cloud to Accelerate Digital Transformation". AiThority. Retrieved 2022-11-20.
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