CitiusTech had last raised $111.25 million from private equity giant General Atlantic in March 2014.
CitiusTech, a leading provider of healthcare technology solutions and services, has made an investment in FluidEdge Consulting, a healthcare management consulting company headquartered in Philadelphia.
CitiusTech, founded by IIT-Bombay graduates Rizwan Koita and Jagdish Moorjani in 2005, had last raised $111.25 million from private equity giant General Atlantic in March 2014.
Rizwan Koita, Chief Executive of CitiusTech, said, “Our partnership with FluidEdge enables us to strategically engage with healthcare customers, leverage technology to define enterprise solutions, and build and deploy these solutions to drive business performance.”
Founded in 2007 by Archambault, FluidEdge is an information technology company that offers healthcare IT and operational services.
Shawn Archambault, FluidEdge’s President, said, “CitiusTech’s sizeable industry presence and strong technology team complement our core competencies and give us the ability to compete effectively on larger contracts and derive significant cost advantages.”
In 2016, CitiusTech has partnered with IIT-Bombay's Society for Innovation and Entrepreneurship to launch a healthcare innovation fund.