Optra systems, a Pune, India-based lifescience and healthcare imaging informatics company, has partnered with Tata Consultancy Services (TCS), to jointly design and implement complete imaging software solution for the life science and healthcare industry.
M Vidyasagar, PhD, executive vice president of TCS, said the partnership would help complement and extend the company’s internal capabilities in developing integrated in-silico platforms for drug discovery and development. With this partnership, the TCS' Co-Innovation Network (COIN), an ecosystem that promotes technology innovation, will expand its portfolio to include the healthcare industry.
For now, Optra and TCS said they are concentrating on markets in Europe and the United States.
Abhijeet Gholap, CEO and president, Optra, said the U.S. market for medical imaging was valued at a little more than $4.9 billion in 2006 and is expected to grow at a rate of 11.9 percent to reach over $8.4 billion in 2011.