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acquisition Archives - GoodTime Nation

Anupreet KaurOctober 19, 2015
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2min00

On Monday, India’s leading company Infosys Limited disclosed the definitive agreement of acquisition signed with the US-based consulting company Noah Consulting for $70 million. This all-cash deal is expected to end before the third quarter of 2016, due to customary closing conditions.

Noah Consulting was incorporated in 2008 and is an advanced information management consulting service for the oil and gas industry. It helps upstream oil and gas companies, including super-majors, independents and oil field service companies plan, architect and deploy information solutions to unlock the value of their oil and gas assets. These advantages make it one of the leading businesses that aid in strategic data management services.

The acquisition will amalgamate Noah’s knowledge, information system and data governance with Infosys’s outsourcing services and advanced technology to provide details to the oil and gas buyers.

In a press statement, the EVP and global head of energy in Communications and Services, Infosys, Rajesh Murthy said, “The upstream oil and gas industry is facing unprecedented challenges that demand faster and better ways of achieving a return on investment. This requires a well-defined and executed information and data management strategy that will allow companies to increase efficiencies across the lifecycle – from exploration to production. With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally.”

Sharing about the acquisition, the president of Noah Consulting John Ruddy said, “Together, we can effect transformational change for our oil and gas clients by using information management to integrate supply chain, safety, environmental and financial data with geoscience, engineering and other operational and technical data – an industry challenge that has never been addressed effectively. We look forward to making a difference together.”

This is Infosys’s third acquisition this year. Earlier, the company had purchased US-based tech company Panaya for $200 million in February, and a $120 million deal was signed with digital experience provider Kallidus.


Rahul RathoreSeptember 14, 2015
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4min00

September 14th, Bangalore, India: Practo, Asia’s leading healthcare platform, today announced the acquisition of Insta Health Solutions – a leading provider of cutting edge end to end cloud based hospital information management solution (HIMS) that powers hospitals across 15 countries in India, South East Asia, Middle East and Africa. Some of Insta’s key customers are Cloudnine, Deepam Hospitals, MyDentist in India, DaVita in India and Malaysia, Skyline Hospital in Manila, NMC Group of hospitals in UAE, Karen Hospital in Kenya and many more.

Insta will operate as a separate division and will continue to be led by Ramesh Emani, Founder & CEO, Insta Health. Ramesh has over 24 years of experience in building strong software and product teams across various verticals at Wipro. Prior to founding Insta about 7 years back, he served in various capacities at Wipro including CTO of Wipro Technologies. His last position in Wipro was as President of Telecom and Product Engineering solutions, where he was responsible for handling the world’s largest third party engineering services group.

This acquisition brings to Practo a great product, a fantastic team and an expanded global customer base. The acquisition will provide an option to hospitals using Insta’s product to integrate with Practo’s platform and thus provide a superior healthcare experience to patients by enabling them to search and easily find information about doctor availability across hospital and departments, instant bookings as well as no wait times or queues once they reach the hospital for their appointment. Patients will also be able to access all their health records post their discharge on Practo either on the web or on the mobile app.

Insta is used by both standalone and chain of clinics, hospitals and diagnostic labs for automating their clinical, operational and financial processes such as scheduling, registration, out-patient and in- patient management, billing, electronic medical records (EMR), ward and bed management, diagnostics, advanced insurance and lab equipment integration, operation theatre, pharmacy and inventory management, specialty modules like dental, dialysis, IVF, Pediatrics, etc.

The acquisition will help accelerate Practo’s Partner Program that is designed to enable HIMS providers around the world to integrate with Practo’s platform to provide consumers a seamless healthcare experience no matter which hospital they visit. Insta was one of the first few partners to come onboard on this program.

“This is the third of several acquisitions we’ve been evaluating as we continue our mission to help simplify and digitize healthcare around the world and make Practo your health app. I am very pleased to welcome Ramesh and the Insta team to Practo. I look forward to working with them to transform the hospital industry globally and provide a great consumer experience by digitizing records, removing wait times and queues, simplifying payments and more.” – Shashank ND, Founder & CEO, Practo

“Insta is thrilled to join Practo in our quest to enable digital healthcare worldwide. We both share the same passion, vision and commitment to customers in offering great products. We chose Practo over some other options as we felt we can together offer superior, comprehensive and integrated solutions for all participants in the healthcare ecosystem across patients, doctors and healthcare providers. Insta will benefit from Practo’s expertise in mobile technology and their geographic and global presence. I look forward to working with Shashank and the Practo team in realising our shared vision of transforming healthcare globally.” – said Ramesh Emani, Founder & CEO, Insta Health



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