Wipro to purchase HealthPlan Services

Q.  Which Indian software company is buying a US based insurance technology platform called HealthPlan Services?
- Published on 12 Feb 16

a. Wipro
b. TCS
c. Infosys
d. Cognizant

ANSWER: Wipro
 
Wipro is buying the US based insurance technology platform for USD 460 million or INR 3000 crore. This marks its 4th acquisition in the last half a year. This is its biggest acquisition since USD 600 million buyout of US data centre provider Infocrossing in the year 2007. HealthPlan Services was founded in the 1970s and headquartered in Florida. It is owned by Water Street Healthcare Partners, a PE firm associated with the healthcare industry. Water Street all be fully purchased by Wipro. HealthPlan services provide technology platforms and business process as a service solutions to healthcare insurance firms. It is the largest US independent provider of sales, retention, reform and technology solutions to insurance companies. This is the 4th acquisition of Wipro in less than 6 months as it had made the following purchases during this period of time:
DesignIt: Denmark based firm
Cellent - German IT consulting firms
Viteous Group: New Jersey based BPaaS provider

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