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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]

In 2019, General Atlantic exited CitiusTech, announcing plans to sell its stake in the company.[16] Baring Private Equity Asia also signed an agreement to acquire CitiusTech from Koita and Moorjani in 2019.[17]

In 2020, CitiusTech partnered with Google Cloud to provide digital solutions for medical companies through GCP (Google Cloud Platform).[18][19] The company acquired a majority stake in strategic consulting company FluidEdge Consulting in 2020.[20][21]

CitiusTech acquired Pittsburgh-based technology company SDLC Partners in 2021.[22] Bhaskar Sambasivian was also appointed CEO of CitiusTech after Koita stepped down as CEO in 2021.[23] Atul Soneja, the company’s former Global Technology Leader, was appointed President of Operations in the same year.[24]

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 2022-11-20.
  2. ^ Torrence, Rebecca (2021-10-26). "CitiusTech taps new CEO as payer-focused company eyes strategic M&A moves". Fierce Healthcare. Retrieved 2022-11-20.
  3. ^ a b c "CitiusTech: Pioneers Of Health Care Analytics". Forbes India. Retrieved 2022-11-20.
  4. ^ a b jirehl. "The Top 100 Healthcare Technology Companies of 2022 | The Healthcare Technology Report". Retrieved 2022-11-20.
  5. ^ "CitiusTech aims to increase headcount by 2000 in coming year". www.biospectrumasia.com. Retrieved 2022-11-20.
  6. ^ "KKR, Baring Asia lead race for CitiusTech - Times of India". The Times of India. Retrieved 2022-11-20.
  7. ^ Chaudhary, Deepti (2014-03-13). "General Atlantic emerges as frontrunner for PE investment in CitiusTech". mint. Retrieved 2022-11-20.
  8. ^ "Builders of a better India". www.ey.com. Retrieved 2022-11-20.
  9. ^ M, Sabarinath; Shivapriya, N. "General Atlantic Partners to buy 30% stake in CitiusTech". The Economic Times. Retrieved 2022-11-20.
  10. ^ "General Atlantic to invest in tech services firm CitiusTech". Reuters. 2014-03-20. Retrieved 2022-11-20.
  11. ^ "CitiusTech Inc., Princeton, NJ | Stevie Awards". stevieawards.com. Retrieved 2022-12-22.
  12. ^ Sangani, Priyanka. "CitiusTech sets up Healthcare innovation Fund with SINE". The Economic Times. Retrieved 2022-12-22.
  13. ^ "Pat Fry, former President and CEO of Sutter Health, Joins CitiusTech's Board of Directors". Express Computer. 2020-03-06.
  14. ^ "CitiusTech ties up with Tata Memorial Hospital for paediatric cancer care". www.thehindubusinessline.com. 2017-01-31. Retrieved 2022-12-22.
  15. ^ "Sentara Healthcare partners with CitiusTech to deploy data platform on Microsoft Azure". Technuter. 2020-03-13. Retrieved 2022-12-22.
  16. ^ PM, Indulal; Barman, Arijit. "Citius Tech: PE General Atlantic looks to exit Citius Tech". The Economic Times. Retrieved 2022-11-20.
  17. ^ PM, Indulal; Barman, Arijit. "Baring signs pact to buy CitiusTech". The Economic Times. Retrieved 2022-11-20.
  18. ^ Chronicle, Deccan (2020-02-12). "CitiusTech announces partnership with Google Cloud". Deccan Chronicle. Retrieved 2022-11-20.
  19. ^ Desk, AIT News (2020-02-07). "CitiusTech Announces Partnership with Google Cloud to Accelerate Digital Transformation". AiThority. Retrieved 2022-11-20.
  20. ^ Vignesh, J. "CitiusTech acquires majority stake in FluidEdge Consulting". The Economic Times. Retrieved 2022-11-20.
  21. ^ "CitiusTech Completes FluidEdge Consulting Acquisition". CELLIT - Technology News Magazine. 2020-12-14. Retrieved 2022-12-22.
  22. ^ "Healthtech firm CitiusTech acquires SDLC Partners in payer market push". The Economic Times. Retrieved 2022-12-22.
  23. ^ Computer, Express (2021-06-25). "Citiustech acquires SDLC Partners, extends payers market leadership". Express Computer. Retrieved 2022-12-22.
  24. ^ "Atul Soneja Joins CitiusTech as President". Enterprise IT World. 2021-09-13. Retrieved 2022-12-22.
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