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HFS Research recognizes CitiusTech as a Market Leader in Horizons Report: Life Sciences Service Provider 2023

HFS Research recognizes CitiusTech as a Market Leader in Horizons Report: Life Sciences Service Provider 2023

Shreejit-nair , Saviera-barretto , Rohan-kulkarni , Life-sciences , Life-sciences-research , Life-sciences-service-provider , Life-sciences-service-providers , Hfs-research , Market-leader , Horizons-report , Businesswire-india , Wire-indiacitiustech

CitiusTech Healthcare Technology expands operations to Europe to build a Global Delivery Model

/PRNewswire/ -- CitiusTech Healthcare Technology Pvt. Ltd., a leading provider of healthcare technology services, solutions, and platforms, announced the...

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CitiusTech continues to expand with the opening of its new office in Hyderabad

CitiusTech continues to expand with the opening of its new office in Hyderabad
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India , Madhapur , Andhra-pradesh , Hyderabad , Saviera-barretto , Sowmya-santhosh , Citiustech-healthcare-technology-pvt , Citiustech-healthcare-technology , Wilco-source , Atul-soneja , Tech-healthcare-technology ,

CitiusTech appoints Rajan Kohli as Chief Executive Officer

Mumbai (Maharashtra) [India]/Princeton (New Jersey) [US], April 3 (ANI/PRNewswire): CitiusTech Healthcare Technology Pvt Ltd, a leading provider of healthcare technology services, solutions, and platforms, today announced that its Board of Directors has appointed Rajan Kohli, an experienced technology executive as Chief Executive Officer. "I would like to extend a warm welcome to Rajan as he joins us as the CEO of CitiusTech. He is a proven leader with a breadth of business experience and a strong track record of driving transformation and scaling successful businesses. He brings tremendous leadership capabilities and expertise in digital, engineering and application services with an innovation-led approach to drive the next phase of growth for us," said Dr. William Winkenwerder, Chairman, CitiusTech. "We thank Bhaskar Sambasivan for his many contributions to CitiusTech and we will miss him as he steps away from the CEO role owing to personal and family reasons," Dr Winkenwerder continued. "I am thrilled to join CitiusTech, a company that has built a strong foundation through dedicated client service and deep healthcare technology expertise." said Kohli. "With healthcare and life sciences industries undergoing massive digital transformation, we are well positioned to drive meaningful impact for organizations in the sector. CitiusTech has outstanding talent and exceptional leadership and together with our strong client portfolio and partner relationships, I am confident we will accelerate growth and unlock additional value." Kohli joins CitiusTech from Wipro, a global leader in technology services and solutions, where he spent nearly three decades and was responsible for USD 6 billion in annual revenues. He most recently served as the President of the iDEAS (Integrated Digital, Engineering and Application Services) business, supporting clients globally across industry segments. He has held a variety of leadership positions at Wipro, including Head of Banking & Financial Services and Chief Marketing Officer, Kohli also founded and scaled Wipro Digital in the decade before taking over leadership of the iDEAS global business line. Jimmy Mahtani, Partner, BPEA EQT, said, "As a seasoned leader with outstanding credentials of transforming businesses and delivering results, we believe Rajan is the right person to take CitiusTech into its next phase of growth." Pavninder Singh, Partner, Bain Capital Private Equity, said, "Rajan is a transformational leader, and his deep experience in the Technology Services sector, along with CitiusTech's focus in the attractive and fast-growing healthcare industry is a great combination." Established in 2005, CitiusTech develops software and technology solutions for over 140 leading healthcare and life sciences organizations, including large healthcare providers, payers, pharmaceutical organizations and medical technology companies. The company continues to demonstrate strong business growth, with the rapid adoption of digital health technology, a shift to value-based care models, patient-centric care, and healthcare industry convergence. CitiusTech recently acquired Wilco Source, a specialist in Salesforce solutions and services, to strengthen its patient and member-centric digital offerings. The company is owned by Bain Capital Private Equity and BPEA EQT, along with CitiusTech co-founders Rizwan Koita & Jagdish Moorjani. CitiusTech Healthcare Technology Pvt Ltd is a leading provider of digital technology and consulting services to payer, provider, medical technology, and life sciences companies. With over 8,500 healthcare technology professionals worldwide, CitiusTech powers healthcare digital innovation, business transformation and industry-wide convergence for over 140 organizations, through next-generation technologies, solutions, and products. Key focus areas include healthcare interoperability, secure data management, quality and performance analytics, value-based care, patient experience, medical imaging, connected health, payer-provider convergence, care coordination and population health management. CitiusTech's cutting-edge technology expertise, deep healthcare domain expertise and a strong focus on digital transformation enables healthcare and life sciences companies to reinvent themselves to deliver better outcomes, accelerate growth, drive efficiencies, and ultimately make a meaningful impact to patients. Follow CitiusTech on Twitter or LinkedIn. Media Contact: Saviera Barretto | saviera.barretto@citiustech.com; Sneha Bangera | sneha.bangera@archetype.com This story has been provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

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CitiusTech Appoints Rajan Kohli as Chief Executive Officer

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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CitiusTech's Software Development Projects Appraised at Maturity Level 5 of CMMI DEV V2.0 Model

Mumbai (Maharashtra) [India], January 18 (ANI/PRNewswire): CitiusTech, a leader in healthcare technology and consulting services, announced that it was recently appraised at Maturity Level 5 of ISACA's Capability Maturity Model Integration (CMMI) DEV V2.0 for its Software Development Projects following Agile Methodology. The benchmark appraisal was performed by CMMI Appraisal Partner QAI India. CMMI is a proven, outcome-based performance model and the globally accepted standard for improving capability, optimizing business performance, and aligning operations to business goals. CitiusTech's appraisal at Maturity Level 5 indicates that the organization is performing at an 'optimizing' level. At this level, CitiusTech is recognized to continually improve its processes based on a quantitative understanding of its business objectives and performance needs. Atul Soneja, COO, CitiusTech, said, "CitiusTech is committed to building excellence in its software services and products capability to meet the fast-evolving business and technology needs of healthcare organizations. As we continue to support our clients in their digital transformation journey, flawless execution, predictable delivery and uncompromised quality become paramount. This appraisal affirms our strong organizational culture of continuous improvement to our processes and benchmarks to unlock greater value for our customers." Punam Shejale, SVP - Process Excellence & Information Risk Management, CitiusTech, said, "With CMMI-DEV V2.0 level 5 appraisal, CitiusTech reaches the top-level maturity recognition for its software development projects following Agile Methodology. The journey with CMMI has helped us deliver high-quality services, set newer goals in our delivery excellence journey, and build a culture of continuous improvement." CitiusTech is a partner of choice to the world's largest healthcare and life sciences organizations and enables them to accelerate digital innovation, drive business transformation and improve care outcomes. With deep healthcare domain experience, specialized frameworks and next-gen accelerators, CitiusTech drives delivery excellence and speed-to-value for its clients across health plans, providers, MedTech and life sciences organizations. CitiusTech is a leading provider of digital technology and consulting services to payer, provider, medical technology, and life sciences companies. With over 8,000 healthcare technology professionals worldwide, CitiusTech powers healthcare digital innovation, business transformation and industry-wide convergence for over 130 organizations, through next-generation technologies, solutions, and products. Key focus areas include healthcare interoperability, secure data management, quality and performance analytics, value-based care, patient experience, medical imaging, connected health, payer-provider convergence, care coordination and population health management. CitiusTech's cutting-edge technology expertise, deep healthcare domain expertise and strong focus on digital transformation enables healthcare and life sciences companies to reinvent themselves to deliver better outcomes, accelerate growth, drive efficiencies, and ultimately make a meaningful impact to patients. Follow CitiusTech on Twitter or LinkedIn. For more than 50 years, ISACA (www.isaca.org) has advanced the best talent, expertise and learning in technology. ISACA equips individuals with knowledge, credentials, education and community to progress their careers and transform their organizations and enables enterprises to train and build quality teams. ISACA is a global professional association and learning organization that leverages the expertise of its more than 150,000 members who work in information security, governance, assurance, risk, and privacy to drive innovation through technology. It has a presence in 188 countries, including more than 220 chapters worldwide. In 2020, ISACA launched One in Tech, a philanthropic foundation that supports IT education and career pathways for under-resourced, under-represented populations. Contacts: Saviera Barretto +91- 8424917719 saviera.barretto@citiustech.com Sneha Bangera sneha.bangera@archetype.co This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

Mumbai , Maharashtra , India , Punam-shejale , Saviera-barretto , Sneha-bangera , Software-development , Maturity-level , Maturity-model-integration , Software-development-projects , Information-risk-management , Mumbai-maharashtra-india-

CitiusTech Acquires Wilco Source, Expands Specialized Salesforce Capabilities for Healthcare & Life Sciences

Mumbai (Maharashtra) [India], November 10 (ANI/PRNewswire): CitiusTech, a leader in healthcare technology and consulting services, today announced that it has acquired Wilco Source, one of the world's leading providers of Salesforce consulting and implementation services for healthcare and life sciences companies. Strategic acquisition of industry-leading Salesforce services and solutions company to expand CitiusTech's Salesforce offerings in the areas of Member experience, Care management, Digital Front Door, Patient Services and REMS programs. As organizations increasingly adopt digital technologies to transform care delivery, strengthening patient and member experience across the care continuum has become a key imperative. The acquisition of Wilco Source enables CitiusTech to strengthen its patient and member-centric digital offerings, by combining CitiusTech's deep healthcare domain and digital innovation expertise with strong Salesforce implementation, integration, and product engineering capabilities from Wilco Source. The acquisition is aligned to CitiusTech's 3x10 growth strategy to accelerate business transformation and convergence across the healthcare and life sciences industry. Post-acquisition, the Wilco Source leadership will run the integrated Salesforce business providing solutions and services across CitiusTech's and Wilco Source's existing and new clients. "Evolving healthcare models highlight the need for exceptional patient and member experience and care at every step of their journey, driven by meaningful and actionable insights," said Bhaskar Sambasivan, Chief Executive Officer of CitiusTech. "Wilco Source will strengthen CitiusTech's offerings in these areas and will give our clients a unified approach to building patient-centric operating models, enabling them to accelerate digital innovation. We are thrilled to welcome Wilco Source to the CitiusTech family." Headquartered in Santa Clara, CA, Wilco Source has more than 400 employees across the US and India. The company has been a Salesforce partner since its inception in 2014 and has built a strong team of healthcare technologists and Salesforce experts with over 450 Salesforce certifications. Wilco Source provides enterprise solutions for many leading healthcare and life sciences organizations and has developed multiple accelerators and solutions, including: - Digital front door (i.e., patient and provider portals) (Salesforce Communities) -CRM for pharmaceutical companies to support contact center operations, inventory management, demand forecasting and order-to-cash (Salesforce Health, Service, Manufacturing Clouds) -Digital hubs for personalized, omnichannel patient and member experience (Salesforce Health Cloud) -Risk Evaluation and Mitigation Strategies (REMS) solutions for pharmaceutical companies (Salesforce Health Cloud) - Marketing automation (Salesforce Marketing Cloud) - Configure-price-quote (CPQ) and Field Service solutions for medical device companies (Salesforce Sales, Service, and Revenue Clouds) "Wilco Source has played an essential role in driving patient, provider, and member experience transformation powered by Salesforce," said Kedar Relangi, Co-Founder and Chief Executive Officer of Wilco Source. "By joining the CitiusTech team, we will now have a wider industry presence and access to a large client base to apply our expertise and solutions, and truly transform consumer experience across healthcare and life sciences. " Wilco Source brings proven capabilities and deep domain expertise through client-centric offerings, proprietary solutions, and frameworks that address critical industry needs to deliver enterprise transformation services and faster time-to-value for pharmaceutical companies, specialty hub service providers, and medical device companies. Some of the Wilco Source proprietary solutions include the Wilco REMS Central application available on the Salesforce AppExchange and the Wilco Docx SaaS application which accelerates intake automation. The company has demonstrated strong growth over the last few years, fueled by a strong market shift towards digital technology and growing adoption of Salesforce by healthcare and life sciences organizations. The Wilco Source acquisition is the third acquisition by CitiusTech in specialized healthcare technology and consulting companies over the last four years. CitiusTech continues to selectively pursue strategic acquisition opportunities that deepen its healthcare domain expertise, build complementary technology capabilities, expand into new geographies, and strengthen relationships with key clients. CitiusTech is a leading provider of digital technology and consulting services to payer, provider, medical technology, and life sciences companies. With over 8,000 healthcare technology professionals worldwide, CitiusTech powers healthcare digital innovation, business transformation and industry-wide convergence for over 130 organizations, through next-generation technologies, solutions, and products. Key focus areas include healthcare interoperability, secure data management, quality and performance analytics, value-based care, patient experience, medical imaging, connected health, payer-provider convergence, care coordination and population health management. CitiusTech's cutting-edge technology expertise, deep healthcare domain expertise and a strong focus on digital transformation enables healthcare and life sciences companies to reinvent themselves to deliver better outcomes, accelerate growth, drive efficiencies, and ultimately make a meaningful impact to patients. Follow CitiusTech on Twitter or LinkedIn. Wilco Source is a trusted Salesforce Partner since 2014 with a history of success in healthcare and life sciences. With deep expertise in these industries and a focus on lead-to-cash and contact-to-resolution, Wilco Source enables its clients to optimize technology and processes and realize business results faster than ever. Wilco Source works with leading pharmaceutical companies, specialty hub service providers, medical device companies, medical providers, payers, and medical laboratories with a focus on driving enterprise-wide digital transformation, elevating experiences and automating processes. With a team of over 350 technology professionals and deep healthcare domain expertise, Wilco Source has built specialized services and proprietary solutions on the Salesforce platform. Media Contacts Saviera Barretto saviera.barretto@citiustech.com +91-8424917719 Sneha Bangera sneha.bangera@archetype.co This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

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CitiusTech announces Investment and Strategic Partnership from Bain Capital Private Equity

Mumbai (Maharashtra) [India], October 21 (ANI/PRNewswire): CitiusTech ("the Company"), a leading provider of technology and consulting services to healthcare and life sciences companies, today welcomed Bain Capital Private Equity ("Bain Capital"). as an investor, joining existing shareholder BPEA EQT who acquired a majority stake in CitiusTech in 2019. Financial terms of the private transaction were not disclosed. "We are thrilled that Bain Capital is joining BPEA EQT as an investor in CitiusTech, creating a partnership with two of the world's leading investment firms. Both firms have significant track records scaling healthcare and technology businesses, and we couldn't have picked two better partners to further support our growth ambitions," said Bhaskar Sambasivan, Chief Executive Officer of CitiusTech. "CitiusTech has more than doubled its revenues since our partnership with BPEA EQT in 2019. The investment from Bain Capital will help us continue to scale and innovate, to better serve existing and new customers, and enable healthcare organizations to become more care-efficient, personalized, and data-driven." Founded in 2005, CitiusTech provides a range of digital healthcare technology and consulting services to help over 130 leading healthcare and life sciences organizations deliver better outcomes, transform care and business processes, and make a meaningfully positive impact on patients. As the healthcare industry continues to embrace digital and AI-driven solutions, CitiusTech has made strong investments in proprietary platforms, accelerators, and scalable, repeatable solutions to address industry needs such as value-based performance, technology modernization, patient engagement, medical imaging, digital front door, and digital health transformation. "CitiusTech has established itself as a leader in healthcare digital innovation and business transformation, and a trusted partner to blue-chip healthcare clients with a strong track record of delivery excellence," said Samonnoi Banerjee, managing director at Bain Capital Private Equity. "We believe that our considerable healthcare and life sciences experience will be a significant asset to CitiusTech's growth in a rapidly evolving healthcare technology marketplace." Recent acquisitions of FluidEdge and SDLC Partners has enabled CitiusTech to offer deep healthcare domain consulting and end-to-end digital transformation solutions across its key markets - MedTech, payers, providers, and life sciences. "As a strategic investor since 2019, we have been continually impressed by Bhaskar and the entire senior management team, in particular their ability to drive exceptional growth throughout both a strategic transformation and the headwinds of COVID-19. We have great confidence in CitiusTech's ability to continue building on this growth through its deep healthcare domain expertise and proven technological innovation," said Hari Gopalakrishnan, partner at BPEA EQT. "We are excited to work with our new partners at Bain Capital as we collectively work with CitiusTech to take another big step forward." CitiusTech is a leading provider of digital technology and consulting services to payer, provider, medical technology and life sciences companies. With over 7,500 healthcare technology professionals worldwide, CitiusTech powers healthcare digital innovation, business transformation and industry-wide convergence for over 130 organizations, through next-generation technologies, solutions and products. Key focus areas include healthcare interoperability, secure data management, quality and performance analytics, value-based care, patient experience, medical imaging, connected health, payer-provider convergence, care coordination and population health management. CitiusTech's cutting-edge technology expertise, deep healthcare domain expertise and a strong focus on digital transformation enables healthcare and life sciences companies to reinvent themselves to deliver better outcomes, accelerate growth, drive efficiencies, and ultimately make a meaningful impact to patients. Learn more: www.citiustech.com. Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity's global team of more than 250 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare and technology. The firm has made primary or add-on investments in more than 1,100 companies since its inception. Within healthcare, Bain Capital has partnered with dynamic healthcare companies dedicated to quality, access, innovation, and improved patient outcomes (to learn more please visit https://www.baincapital.com/healthcare/), and with scale and disruptive technology businesses where the firm's in-depth knowledge of fundamental trends, insight into evolving customer dynamics, and vertical market expertise helps accelerate growth. In addition to private equity, Bain Capital invests across asset classes including credit, public equity, venture capital, and real estate, managing approximately $160 billion in total and leveraging the firm's shared platform to capture opportunities in strategic areas of focus. For more information, visit www.baincapitalprivateequity.com. BPEA EQT is part of EQT, a purpose-driven global investment organization in active ownership strategies. BPEA EQT combines the private equity teams from Baring Private Equity Asia (BPEA) and EQT Asia, creating a comprehensive Asian private equity presence with local teams in eight cities across the region, a 25-year heritage, and more than USD 25 billion of capital deployed since inception. In addition to BPEA EQT, EQT's strategies in the region include EQT Infrastructure and the real estate division EQT Exeter. More info: www.eqtgroup.com/private-capital/bpea-eqt Media contact: Saviera Barretto saviera.barretto@citiustech.com +91 8424917719 Sneha Bangera sneha.bangera@archetype.com This story has been provided by PRNewswire. ANI will not be responsible in any way for the content in this article. (ANI/PRNewswire)

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Persistent Systems reports strong growth: 20.3% Y-o-Y for Q4 and 12.9% for FY21

64.3%
The Board of Directors at its meeting held on April 29, 2021, recommended final dividend of INR 6.00 per share on the face value of INR 10.00 each. In January 2021, the Board declared an interim dividend of INR 14.00 per share making total dividend of INR 20.00 per share. The dividend recommended by the Board is subject to the approval of the Members during the ensuing Annual General Meeting.
Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems:
"This year was tough. We sincerely pray for everyone's well-being. The pandemic brought on the rapid shift to remote work, and I want to recognize the resilience shown by our employees. They ensured continuous, high-quality service delivery, demonstrating our unwavering commitment to our customers. Thank you to our customers and partners for their continued support."

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For Fifth Consecutive Quarter, Persistent Named a Top 15 Sourcing Standout for Managed Services in Q1 2021 Global ISG Index™ "Booming 15" Category

For Fifth Consecutive Quarter, Persistent Named a Top 15 Sourcing Standout for Managed Services in Q1 2021 Global ISG Index™ "Booming 15" Category
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Persistent Systems (BSE: Persistent) (NSE: Persistent) has been named a Top 15 Sourcing Standout for Managed Services for the fifth consecutive quarter by leading global technology research and advisory firm Information Services Group (ISG) in its Q1 2021 Global ISG Index™. ISG's Booming 15 subcategory covers service providers with under US $1 billion in global revenue.
The ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Placement on the ISG Sourcing Standout list is based on the annual value of commercial contracts awarded in the past 12 months. Each Top 15 category is comprised of providers that compete in the traditional outsourcing market and in the as-a-service market.

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