CitiusTech

Last updated

CitiusTech
Company type Private
IndustryHealth information, healthcare, technology
Founded2005
Founder
  • Rizwan Koita
  • Jagdish Moorjani
  • Bimal R. Naik
Headquarters Mumbai, Maharashtra, India
Area served
Worldwide
Key people
Rajan Kohli (CEO), William Winkenwerder (Chairman)
Website www.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]

Contents

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]

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

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]

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