Religare Technova demerges businesses

IT firm Religare Technova has completed the de-merger of its global Banking, Financial Services and Insurance-led products business from its healthcare IT businesses.

The company also announced a recast of its global management team and its board, with Ralph Horne now being appointed as Global CEO and Managing Director, Religare Technova said in a statement.

Religare Technova has a team strength of over 400 people in 25 offices with a presence across more than 20 countries.

"To unlock the value for the shareholder and cater to both the growing markets, we decided to demerge our financial products IT software business from its Healthcare IT Solutions business," Religare Technova Global CEO and Managing Director Ralph Horne said.