The WITCH Monthly Monitor
Monthly update on major global IT consulting and services firms in healthcare
March 2020
The WITCH Monthly Monitor provides latest financial and market performance updates on the WITCH companies, along with other global IT consulting firms on a monthly basis.
Highlights for the month
Wipro
Wipro launches Microsoft Business Unit for digital transformation solutions
Wipro launches Microsoft Business Unit to accelerate cloud adoption and digital transformation for its customers across sectors. The unit focuses on integrating Wipro’s solutions including Cloud Studio, Data Discovery Platform (DDP), and LiVE WorkspaceTM with Microsoft’s Intelligent Cloud.
Wipro secures a deal with PLEXIS Healthcare Systems, a provider of enterprise core administration and claims management solutions to healthcare payers and delivery systems. The partnership will offer an integrated plan administration solution to support healthcare payers and plan sponsors.
Infosys
Infosys collaborates with IBM to help enterprises in industries such as financial services, insurance and healthcare to accelerate their digital transformation journey using the IBM public cloud.
Cognizant
Cognizant to Acquire Lev to Expand Digital Marketing Expertise
Cognizant to acquire Lev, a digital marketing consultancy to strengthen its digital marketing capabilities and enhance its Salesforce-related offerings. Lev based in Indianapolis is a Salesforce Platinum Partner that helps businesses across industries including healthcare and life sciences simplify and modernize their marketing campaigns using Salesforce Marketing Cloud to provide data-driven insight.
Cognizant Names Archana Deskus to Board of Directors
Cognizant appoints Archana Deskus to its board of directors as a new independent director, effective immediately. Archana Deskus currently serves as Senior Vice President, Chief Information Officer for Intel Corporation.
Accenture
Accenture Reports Very Strong Second-Quarter Fiscal 2020 Results
Accenture reports revenue of $11.1 billion, growth of 7% YoY for the quarter ended February 29, 2020. Health & Public Service accounts for $1.95 billion, an increase of 14% YoY driven growth in the US federal business.
Accenture Acquires Context Information Security, a UK-Based Cybersecurity Consultancy
Accenture acquires Context Information Security, a UK-based cyber defense consultancy. The acquisition will accelerate the growth of its cybersecurity platform Accenture Security globally and strengthen its existing portfolio.
DXC Technology
DXC Technology introduces the DXC Patient-Centered Care solution to aid interoperability and remote patient engagement for healthcare organizations. The solutions, backed by DXC’s interoperability, analytics, and security products provides advanced patient-engagement tools and enables providers to access a continuous stream of patient-care data.
DXC Technology Provides Financial Update
DXC Technology to sell its U.S. State and Local Health and Human Services Business to Veritas Capital for $5.0 billion. In November 2019, DXC Technology announced possible divestitures for three of its businesses including the U.S. State and Local Health and Human Services business.
IBM
IBM Watson Health collaborates with EBSCO Information Services (EBSCO) to develop an integrated cloud-based clinical solution suite. The companies are combining their respective solution suites – DynaMed® and IBM® Micromedex® with Watson™ – into a single solution called “DynaMed and Micromedex with Watson” that will bring together drug and disease content into a single source for evidence-based insights to help inform clinical decisions.
IBM Offers Free Tools Based on Trusted Data to Track COVID-19 Cases on Your Phone and Online
IBM and The Weather Channel launched a free tool to track reported cases of COVID-19. The tool, which runs on IBM public cloud, uses artificial intelligence to populate the map with data from the World Health Organization and multiple national, state and local governments.
White House Taps IBM to Fight Coronavirus Outbreak
The White House Office of Science and Technology Policy and the Department of Energy partners with IBM along with Amazon, Google, and Microsoft and other academic institutions to form the COVID-19 High Performance Computing Consortium. The consortium will bring together powerful high-performance computing, or “supercomputing,” resources to help researchers better understand COVID-19, treatments, and cures. Later in the month, IBM announced that its supercomputer, Summit which was deployed to identify drugs that might be effective in combating the SARS-CoV-2 virus has identified 77 chemical compounds that could help stop coronavirus.
NTT Data
NTT DATA and Enli Deliver Care Coordination Program to Help Providers Manage COVID-19 Patients
NTT Data and Enli collaborate to deliver COVID-19 Care Coordination (EC3) program, a patient management program that helps healthcare organizations record, manage, and monitor patients at risk for, or who have already contracted, COVID-19.
NTT DATA investing in DataRobot to accelerate their DX Services
NTT Data acquires US-based DataRobot to accelerate the deployment of the Digital Success Program, which supports companies utilize AI and data and integrate them into their actual business practices. NTT Data plans to deliver the Digital Success Program to 20 companies by fiscal 2023.
Others
Optum leads $8M funding for virtual heart health startup
Optum Ventures leads the $8.2 million Series A funding round for Heartbeat Health, a data-driven cardiology telehealth platform. The investment includes several other backers will help Heartbeat Health further develop its virtual care platform.
RubiconMD Secures $18M in Series C Financing Led by Deerfield to Fuel Growth in Primary Care
Optum Ventures participates in a $18 million in Series C funding led by Deerfield Management Company. RubiconMD offers an eConsult platform providing access to specialist expertise.
Optum venture arm backs molecular tech platform
Optum invests an undisclosed amount into Scipher Medicine, a startup developing molecular diagnostic technology. Scipher’s platform uses AI and molecular diagnostic technology to recommend the most effective treatment based on a patient’s individual biology.
