Corporate Updates

Silverline Technologies to enter healthcare

Silverline Technologies has announced the launch of its healthcare sector through an investment of 15% with an option of 100% acquisition in a North American firm specializing in healthcare change and performance management. Ravi Subramanian, chairman of the board said “This investment is a highly significant step towards the company’s plans to be a focused leader in specific industry verticals. There is a growing need to build efficiencies and there is pressure on governments, globally, on the increasing costs in the segment. In US alone, the current spend of $1.7 trillion is estimated to exceed $2.7 trillion by 2009 and working on current projections it could reach as much as 20% of GNP by 2015- an estimated $4 trillion spend.” The company said it would spell out complete details on the initiative over the next few weeks. The company would leverage its global facilities in Canada, USA, India and potentially Mexico to build on these initiatives. A few weeks ago, the company had acquired Omega Direct Response, a global provider of customer interaction and management services.

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