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Jan 15, 2013, 05.01 PM IST | Source: PTI

Mahindra Satyam, TechMatrix in pact for healthcare services

Mahindra Satyam today said it has signed a partnership agreement with Japan's TechMatrix Corp to jointly address strategic growth areas in the healthcare market and provide cloud-based healthcare solutions in ASEAN region.

Mahindra Satyam today said it has signed a partnership agreement with Japan's TechMatrix Corp to jointly address strategic growth areas in the healthcare market and provide cloud-based healthcare solutions in ASEAN region.

Ichigo LLC, a TechMatrix subsidiary, will provide its Teleradiology network infrastructure product line and Nobori, its Cloud service for Medical and Healthcare information, according to press release from Mahindra Satyam.

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The Indian IT company in turn will host the cloud and mobile-based services in Singapore and Malaysia, while providing direct sales and IT services to clients throughout ASEAN (Association of Southeast Asian Nations) region.

As part of this partnership, Mahindra Satyam and TechMatrix will come together to invest in Sales and Marketing resources as well as Software and Hardware enhancement in technology, the release said.

Ram Ramachandran, Vice President and Business Head, ASEAN
region, Mahindra Satyam, said the Ichigo Teleradiology network is ranked number one in Japan and TechMatrix has been providing innovative healthcare solutions since 1998.

As a first step in this partnership, Mahindra Satyam has installed 'Ichigo Teleradiology iComServer' in its Singapore data centre and launched activities to support initial installations.

As a second step in 2013, Mahindra Satyam and TechMatrix will jointly launch the Nobori Cloud healthcare services, including Picture Archiving and Communications System (PACS), a vendor-neutral solution for medical image storage, management and retrieval, it said.

Takashi Yuri, CEO, TechMatrix said, in addition to the technological leadership and innovation that Mahindra Satyam has in telemedicine, healthcare and cloud services, the Japanese company sees natural synergies between the two organisations which is believed be critical to build a lasting
partnership.

Through this partnership, TechMatrix and Mahindra Satyam will focus on delivering state-of-the-art healthcare solutions to public and private hospitals and image scanning centres, reducing healthcare costs while improving the quality of services.

Mahindra Satyam stock price

On July 03, -, Mahindra Satyam closed at Rs 115.30, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs and the 52-week low was Rs .


The company's trailing 12-month (TTM) EPS was at Rs 7.66 per share as per the quarter ended March 2013. The stock's price-to-earnings (P/E) ratio was 15.05. The latest book value of the company is Rs 28.15 per share. At current value, the price-to-book value of the company is 4.10.

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