|By Business Wire||
|April 14, 2014 07:00 AM EDT||
CitiusTech, a leading provider of healthcare technology services and solutions, today announced two key additions to its board of directors: Gary Reiner and Cory Eaves both from CitiusTech’s new investor, General Atlantic (“GA”). Mr. Reiner, an operating partner with GA, was formerly the chief information officer at General Electric. Cory Eaves, is a managing director and head of GA’s Resources Group. CitiusTech announced that General Atlantic has become a large minority shareholder in March.
Rizwan Koita, chief executive officer of CitiusTech, said, “I welcome Gary and Cory to the CitiusTech board. Their deep experience in technology, operations and healthcare will go a long way in helping scale CitiusTech’s presence across new markets and offerings.” He added, “We look forward to a deep and longstanding relationship with the GA team, and are excited about the immense growth opportunities that lie ahead of us.”
As a GA operating partner, Gary Reiner provides strategic counsel to GA and its portfolio companies. Mr. Reiner also serves on the board of directors of Hewlett-Packard, Citigroup, Box, Appirio, Mu Sigma and Amedes Group. Previously, as senior vice president and chief information officer of GE, Mr. Reiner led M&A, Sourcing, IT, Operations and Quality. Earlier, he was a partner with Boston Consulting Group, where he drove strategies and operations improvements for high-technology businesses.
“CitiusTech has created a strong niche in the healthcare market today through deep domain expertise and the ability to build exceptional technology solutions for the healthcare market,” said Mr. Reiner. “I’m really looking forward to working with Rizwan and his excellent management team.”
Cory Eaves leads GA’s Resources Group, a team of functional experts who support GA’s investment team and portfolio companies. He has over two decades of operational experience, including previously serving as chief technology officer of SSA Global, one of the world's largest enterprise software providers and a prior GA portfolio company. Before joining GA, he served as executive vice president, chief technology officer and chief information officer at Misys plc, a global provider of software and services to the healthcare and financial services industries. He was also a member of the board of directors for Allscripts, a leading provider of practice management and electronic health record technology.
“The healthcare technology industry is an exciting place to be, with tremendous opportunities for growth and innovation through next-generation technologies like mobility, cloud computing, predictive analytics and big data,” said Mr. Eaves. “I am pleased to be joining the board of such an exciting growth company.”
CitiusTech started in 2005 as a specialized healthcare IT solutions and services company and has grown to over 1,400 employees worldwide. Today, CitiusTech leads the healthcare technology industry with industry-recognized solutions across a wide range of healthcare industry practices – including BI/analytics, interoperability and product engineering. CitiusTech is also well recognized for BI-Clinical, its flagship platform for healthcare BI and analytics, that today runs at over 3,800 provider locations across North America, covering over 5 million patients annually.
CitiusTech is a specialist provider of healthcare technology services and solutions to healthcare IT vendors, providers, ACOs, health plans and life sciences companies. CitiusTech offers a wide range of healthcare technology services including healthcare software development, healthcare interoperability, Meaningful Use compliance, BI / analytics, care management and consumer health. CitiusTech’s BI-Clinical platform is a leader in healthcare BI and analytics, and is deployed at thousands of provider locations worldwide. With strong healthcare domain expertise across technologies, applications and standards, CitiusTech delivers best-in-class solutions with an unmatched cost advantage to global healthcare clients. For more information visit www.citiustech.com.
About General Atlantic
GENERAL ATLANTIC is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. Established in 1980, GA has approximately $17 billion in assets under management and more than 80 investment professionals based in New York, Greenwich, Palo Alto, São Paulo, London, Munich, Amsterdam, Beijing, Hong Kong, Mumbai and Singapore. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.
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