CitiusTech - About the company
CitiusTech is an acquired company based in Mumbai (India), founded in 2005 by Rizwan Koita, Jagdish Moorjani and . It operates as an Offers a range of analytical solutions and technology services for healthcare providers. CitiusTech has raised $1.07B in funding from General Atlantic and Bain Capital Private Equity, with last known valuation of $2.2B. The company has 527 active competitors, including 48 funded and 41 that have exited. Its top competitors include companies like Health Catalyst, Azalea Health and CompuGroup Medical.
Sectors and market segments that CitiusTech operate in
CitiusTech serves in the B2B, SaaS space in the HealthTech market segments.The primary business model of CitiusTech is:Company Details
CitiusTech offers analytical solutions and technology services for healthcare providers. The company offers the products like BI-Clinical, the healthcare analytics platform of CitiusTech, offers capabilities for shared risk management, population health management, and care coordination; provides predictive analytics tools such as Readmission Management, Claim Analytics, Bundled Payments, Population Viewer, and Value-Based Purchasing; and Offers clinical, financial, operational and regulatory reporting. CQ-IQ, a cloud-hosted clinical rules engine that offers Clinical Quality Measures computation capabilities.
- Website
- Social
- Email ID
- @citiustech.com
- Phone Number
- +91
Key Metrics
Founded Year
2005
Location
Mumbai, India
Stage
Acquired
Total Funding
in 2 rounds
Latest Funding Round
Last Known Valuation
as on Mar 16, 2022
Investors
Ranked
2nd among
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Nov 30, 2024
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by EQT (Jul 11, 2019)
Legal entities associated with CitiusTech
CitiusTech is associated with 6 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Mar 03, 2014 | - | 981 | 320 | |
Nov 15, 2019 | - | 854 | 753 | |
$429M (as on Mar 31, 2024) | 636 | 686 | ||
Dec 15, 2005 | - | 612 | 180 | |
Jun 17, 2008 | - | 204 | 942 | |
Dec 31, 1999 | $343M (as on Mar 31, 2022) | 751 | 485 |
CitiusTech's acquisition details
CitiusTech got acquired by EQT on Jul 11, 2019 at an acquisition amount of $1B.
Click to take a look at CitiusTech's acquisition in detail
CitiusTech's funding and investors
CitiusTech has raised a total funding of $1.07B over 2 rounds. Its first funding round was on Mar 13, 2014. Its latest funding round was a PE round on Oct 20, 2022 for $960M. 1 investor participated in its latest round, lead by Bain Capital Private Equity.
CitiusTech has 2 institutional investors including General Atlantic and Bain Capital Private Equity.
Here is the list of recent funding rounds of CitiusTech:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 20, 2022 | $960M | PE | - | - | |
Mar 13, 2014 | $111M | PE | - | - |
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CitiusTech's valuation details
CitiusTech is valued at $2.2B as per the last known valuation.CitiusTech's founders and board of directors
The founders of CitiusTech are Rizwan Koita, Jagdish Moorjani and . is the CEO of CitiusTech. Rizwan Koita has founded 1 more company - .
View details of CitiusTech's Founder profiles and Board Members
CitiusTech's employee count trend
CitiusTech has 5,369 employees as of Nov 24. The total employee count is 0.6% more than what it was in Nov 23. Here is CitiusTech's employee count trend over the years:
Uncover CitiusTech's growth story! Sign up today!CitiusTech's Competitors and alternates
Top competitors of CitiusTech include Health Catalyst, Azalea Health and CompuGroup Medical. Here is the list of Top 10 competitors of CitiusTech, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Health Catalyst 2008, Salt Lake City (United States), Public | Cloud based platform offering data analytics solutions for healthcare organizations | $392M | Orbimed, Norwest Venture PartnersÌý&²¹³¾±è;Ìý | 79/100 |
2nd |  2005, Mumbai (India), Acquired | Offers a range of analytical solutions and technology services for healthcare providers | $1.07B | 69/100 | |
3rd | Azalea Health 2008, Atlanta (United States), Series C | EHR Platform with integrated Telehealth, Mobile health and RCM solutions for healthcare providers | $12.3M | , Intersouth PartnersÌý&²¹³¾±è;Ìý | 75/100 |
4th | CompuGroup Medical 1987, Koblenz (Germany), Acquired | Suite of practice management, reimbursement, laboratory and analytics solutions to healthcare providers | - | General Atlantic, Ìý&²¹³¾±è;Ìý | 75/100 |
5th |  IKS Health 2006, Navi Mumbai (India), Public | Provider of healthcare technology and services for revenue cycle management and clinical support | $9.35M | Nishtha Jhunjhunwala Discretionary Trust, Ìý&²¹³¾±è;Ìý | 72/100 |
6th | DrFirst 2000, Rockville (United States), Series C | E-prescription and secure messaging solutions for healthcare providers | $135M | SVB, Goldman Sachs Investment PartnersÌý&²¹³¾±è;Ìý | 71/100 |
7th | Innovaccer 2014, San Francisco (United States), Series F | Cloud-based data analytics platform for healthcare providers and payers | $675M | WestBridge Capital, Sequoia CapitalÌý&²¹³¾±è;Ìý | 71/100 |
8th | Epic Systems 1979, Madison (United States), Funding Raised | Provider of suite software solutions for healthcare organizations | - | Premji Invest, Transformation CapitalÌý&²¹³¾±è;Ìý | 70/100 |
9th |  Biofourmis 2015, Boston (United States), Series D | Cloud-based suite solutions for healthcare organizations | $465M | General Atlantic, EDBIÌý&²¹³¾±è;Ìý | 70/100 |
10th | NextGen Healthcare Information Systems 1974, Horsham (United States), Acquired | Cloud-based administration management solutions for healthcare providers | - | JPMorgan Chase, US BankÌý&²¹³¾±è;Ìý | 70/100 |
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CitiusTech's Investments and acquisitions
CitiusTech has acquired 3 companies including Wilco Source, Sdlc Partners and FluidEdge Consulting. CitiusTech has not made any investments as of now. Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 09, 2022 | Acquisition | 2014 | Santa Clara, United States | |
Jun 24, 2021 | Acquisition | - | ||
Aug 28, 2018 | Acquisition | - |
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Reports related to CitiusTech
Here is the latest report on CitiusTech's sector:
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News related to CitiusTech
Media has covered CitiusTech for a total of 15 events in the last 1 year, 5 of them have been about company updates and 2 about partnerships.
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