CBay Holdings acquires Spheris for $ 116 3-mn The Economic Times

CBay Systems India Pvt Ltd is located in Maharashtra Mumbai is a top player in the BPO/KPO in the MumbaiOver the course of its journey, this business has established a firm foothold in BPO/KPO industry. The belief that customer satisfaction is as important as their products and services, have helped this establishment garner a vast base of customers, which continues to grow by the day. This business employs individuals that are dedicated towards their respective roles and put in a lot of effort to achieve the common vision and larger goals of the company. In the near future, this business aims to expand its line of products and services and cater to a larger client base. In Mumbai, this establishment occupies a prominent location in Mumbai.

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Cbay acquired the Philips stake after a bidding process that started with 50 parties. In the final round, the MedQuist board opted not to sell at the price of $11 per share offered by Cbay. Philips, however, was willing and the transaction was concluded with Cbay purchasing its 69.5% holding in the company. Cbay Infotech Ventures Private Limited is majorly in Business Services business from last 17 years and currently, company operations are active. Current board members & directors are VENU RAMAN KUMAR, SIVA RAMAKRISHNA MULPURI and BALAKRISHNA RAO CHENNADI .

Who are the promoters of Godrej Industries?

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The transaction will be governed by a bidding process, which is subject to regulatory and court approvals. Spheris has filed for bankruptcy protection under the United States Bankruptcy Code on February 3, 2010. If the deal is approved, it is expected to be complete in the first half of 2010. The BPO industry has been witnessing a fair amount of consolidation activity. Blackstones acquisition of Intelenet and Firstsources acquisition of MedAssist are some of the larger deals that have happened. Smaller deals such as the recent acquisition of UKs Call 24/7 by India-based third party BPO firm, WNS Global Services, also continue to happen.

Several startups and ecommerce https://1investing.in/ are likely to freeze salaries for the senior management during appraisals, as they step up cost-cutting measures to survive a deteriorating funding environment. Mirrus Systems Inc, a CBay Group Company and a leading global patient financial services provider, announced today its plans. A CBay Group company Mirrus Systems today announced the inauguration of its first India R&D centre here with an initial investment of USD 1.5 million. With a view to rapidly ramp up operations and expand its footprint in the country, CBaySystems, has drawn up a USD 25 mn capex plan over the next two years. CymaBay Therapeutics, Inc. engages in the provision and development of access to therapies for patients with liver and other chronic diseases with high unmet medical needs.

The acquisition is one of the largest in the BPO industry after Firstsource Solutions acquisition of the US-based healthcare BPO MedAssist last year for $330 million. MedQuists services over 1,500 hospitals and large physician practices in the US. Fonebell entertains small and medium-sized businesses across any industry type with unified communications, real-time video collaboration, contact center, networking and related services. Florintree Advisors, a Mumbai-based alternative asset management firm owned by Mathew Cyriac, former senior MD and India co-head of private equity at Blackstone Group LP, has acquired a minority stake in app-based loan provider CASHe.

U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.05%

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About – AQUITY SOLUTIONS INDIA PRIVATE LIMITED

Godrej Industries will hold a meeting of the Board of Directors of the Company on 12 August 2022. Godrej Industries will hold a meeting of the Board of Directors of the Company on 14 November 2022. Godrej Industries will hold a meeting of the Board of Directors of the Company on 13 February 2023. We are a unique technology platform that connects Employers with nearby workers directly, for a nominal fee. Aquity Solutions India Private Limited has four directors – Kashyap Khadashankar Joshi, Jason Michael Kolinoski, and others. The last reported AGM of Aquity Solutions India Private Limited, per our records, was held on 30 September, 2022.

The company currently has a paid up capital of INR 15.27 cr. The company currently has a paid up capital of INR 15.32 cr. The company currently has a paid up capital of INR 15.50 cr.

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Yes, you can buy Cymabay Therapeutics Inc shares in India by simply opening an account with Scripbox. DIN Director Name Designation Appointment Date Past Director Details of CBAY REMOTE SERVICES PRIVATE LIMITED is not available publically. To get complete information About Past Directors detail can be viewed by only Registered user of InsiderBiz.

Get live Share Market updates and latest India News and business news on Financial Express. Spheris is based in Tennessee in the US, and has operations in North America and India. In India, the company runs its operations out of Bangalore. It had consolidated revenues of $182.8 million and a net loss of $19.2 million for the year ended December 31, 2008.

CBay Systems, Ltd. is a leading provider of healthcare business process outsourcing services. CBay provides transcription and information management services to hospitals, integrated health care facility networks, medical clinics and physicians. After working 11 years with Blackstone, Cyriac left the American PE fund in February, and bought a controlling stake in Florintree.

Tofler Company360 provides access to any Indian company’s financial documents, charts, ratio analysis and more. It lets you compare financials of several companies and study performance trends. Here is the video showing how you can study the financials of an Indian company on the Company360 platform. An easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. Company360 is an interactive dashboard that provides more than 3 years company’s financials, ratios, charts, network and features like lists, comparator, financial alerts, pdf reports, and excel downloads. Spheris, also based in the US, is backed by Warburg Pincus.

Investouses of swot evaluation may please refer to the Exchange’s Frequently Asked Questions issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Check back with us to see if your comments have been displayed. Pulak Ghosh, a professor at the Indian Institute of Management-Bangalore, and Cyriac have joined the Aeries board following the funding.

• Cbay is a holding company with investments in medical transcription, healthcare technology and management.
• With a view to rapidly ramp up operations and expand its footprint in the country, CBaySystems, has drawn up a USD 25 mn capex plan over the next two years.
• In the final round, the MedQuist board opted not to sell at the price of $11 per share offered by Cbay.

If you are not able to hire, you can ask for a 100% refund (T&C). You can go through the profiles of maids meeting your requirement even before buying a package. The longest serving director currently on board is Kashyap Khadashankar Joshi who was appointed on 01 May, 2016. Kashyap Khadashankar Joshi has been on the board for more than 6 years.