Hinduja Global Solutions Purchases Colibrium

Hinduja Global Solutions Limited reported the acquisition of majority stake in Colibrium Partners and Colibrium Direct (Colibrium).

In a release, the Company noted that the acquisition has been made by HGS Colibrium, a US subsidiary of HGS, which would own 89.9 percent of Colibrium and the balance will be held by the founders. For the year ended 31st December 2014, Colibrium reported revenues of US$ 12.6 mn.

HGS already serves Fortune 100 health insurance clients, providing a broad array of services in both the administrative and clinical functions. The Company said that the addition of Colibrium Partners and Colibrium Direct brings complementary platform and servicing capabilities in the sales and enrollment area for the US and global health insurers.

Colibrium specializes in delivering sales, service and wellness automation to health plans. The Colibrium developed, cloud-based platform provides an easy-to-implement health insurance portal that integrates with enterprise CRM platforms such as Microsoft Dynamics, and facilitates workflow automation capability.

"Colibrium's integrated CRM provides health plans true end-to- end sales and service capabilities. Improved service levels, marketing campaign precision and business intelligence are just a few of the benefits we're seeing Colibrium CRM customers achieve," said Brian Cardinell, Microsoft's US Dynamics Lead for Health [from release dated May 13, 2013].

The Company reported that this acquisition of a health insurer technology and services company in the US market complements and increases the already strong healthcare payer servicing capability of HGS.

"With more than 30 clients, a leading technology platform and several hundred licensed health insurance agents, this investment in the fast evolving health insurance market represents a significant competitive advantage for HGS. We are already recognized as one of the largest and most capable providers of outsourced business process management to the health insurance industry," said Partha DeSarkar, Chief Executive Officer, HGS.

"Colibrium brings sales and marketing capabilities and depth to provide health insurance companies comprehensive people, process and technology solutions to dramatically improve member acquisition and retention results," said Ramesh Gopalan, EVP, HGS Healthcare Services. "HGS' mission is to grow market share with value creation and that requires investments in market leading innovators like Colibrium."

"We're excited to have HGS as not only an investor, but a strategic partner," said Mark Poling, Chief Executive Officer, Colibrium Partners. "Our customers are using our software and BPO services to transform the way they do business as we're enabling the end-to-end consumer journey via enterprise CRM, mobile, phone and online capabilities. This investment enables us to expand our award winning Tuo software platform and call center BPO services and meet our customers' evolving needs in the rapidly changing health insurance space."

More information:

www.teamhgs.com

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