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Mergers & Acquisitions | 6 October 2015

Antworks Acquires US Based Benchmark Systems

by Ahemad Shaikh
Antworks Acquires US Based Benchmark Systems
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Business process management and technology startup Antworks, has acquired US based healthcare applications service provider, Benchmark Systems, in an all cash deal, estimated at about R33 Cr.

Antworks also expects to announce its second buyout which is also likely to be in healthcare segment, by the end of the current fiscal.

Founded in 1978 Bechmark Systems is a healthcare cloud-based application services provider that offers a fully-integrated suite of technology solutions including patient portal, scheduling, electronic health records, practice management and revenue cycle management.

Headquartered in Singapore, Antworks has a global footprint with offices in Qatar, London and Mumbai. Antworks offers services through BPaaS (Business Process as a Service) and TaaS (Technology as a Service) delivery models. It provides technical and business process solutions to clients in the healthcare and financial services verticals.

It provides end-to-end services to major hospital chains, insurance providers as well as speciality clinics in the healthcare domain and in the financial services side, it caters to medium and small financial institutions such as agricultural banks, mortgage providers and refinancing institutions.

It has already set up a 110-seater centre in Pune and is looking for more sustainable locations across the country.

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