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Wipro acquires Spectramind and GE Medical Systems IT

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DQW Bureau
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Wipro Ltd has announced that it has acquired 100 percent stake in GE Medical

Systems IT Ltd for $ 5.73 million. The new acquisition will be a 100 percent

subsidiary of Wipro Ltd and would in all possibility be merged with the parent

company in the years to come. Wipro Ltd also acquired major stakes in

Spectramind e-services.

As part of the transaction, Wipro Ltd has also acquired Healthcare

Information Systems Intellectual Properties owned by GE Medical Systems US.

Wipro Ltd also has plans to leverage on the existing customer base of GE

Medical Systems, which is mainly concentrated in India and the Middle East. GE

Medical Systems will distribute health care IT products acquired now by Wipro

Ltd into the markets of Indonesia, Thailand and the Middle East.

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According to DA Prasanna, Vice Chairman, Wipro Ltd and CEO, Wipro Healthcare

and Life Sciences, “Wipro Ltd has decided to retain the services of GE Medical

Systems existing MD Vishweshwar Konda in the newly acquired subsidiary also.”

He also informed that the GE Medical Systems had a team size of 130

professionals and Wipro has decided to utilize their services also. He further

remarked, “We are pleased to welcome the GE Medical Systems IT Ltd into the

Wipro family and the depth of domain skills they bring will help us deliver

superior solutions to global customers. The intellectual property acquired from

GE Medical systems US will also provide us the platform to expand our offerings

in the Indian and Asia Pacific Healthcare IT market with proven product.”

GE Medical Systems which was established in October 2000 as a joint venture

between GE Medical Systems and Citadel Health Ltd is a provider of Healthcare IT

services in India and the Middle East. The company’s Hospital Information

System package HIReps is a comprehensive ERP software for hospital management,

which integrates all departments and their various functions within the

hospital. The product is presently installed in over 20 hospitals across India

including the Apollo group, Fortis Healthcare, Manipal group and Wockhardt and

the Saudi German hospital in the Middle East.

Cyber News Service

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