Iware Software Solutions Pvt. Ltd. Company Profile

Background

Iware Software Solutions Pvt. Ltd. is a global IT services and business solutions provider headquartered in Kakkanad, Cochin, India. Established in 2000, the company specializes in delivering technology-driven, value-added solutions primarily for the healthcare industry.

Vision: To become one of the most efficient and innovative global IT service and solution providers in healthcare.

Mission: To deliver added value to customers and enhance their business success by providing services and solutions of the highest quality.

Key Strategic Focus

Iware Software Solutions concentrates on developing and implementing advanced IT solutions tailored for the healthcare sector. Their core objectives include:

Management Information Systems (MIS): Providing comprehensive MIS solutions to streamline healthcare operations.

Enterprise Resource Planning (ERP): Offering cost-effective, customized ERP solutions to integrate all business activities, thereby improving operational efficiency.

Business and Technology Consulting: Delivering expert advice on leveraging information technology to meet business objectives, along with developing and integrating intelligent IT solutions.

Automation and Integration Services: Enhancing productivity and quality through automation, including integrating healthcare machines and applications compliant with HL7 standards.

Web Designing and Development: Creating user-friendly and attractive websites that provide essential information to visitors.

Customized Software Development: Developing feature-rich applications tailored to customer needs, considering industry standards and evolution.

Financials and Funding

As of July 2023, Iware Software Solutions Pvt. Ltd. is an unlisted private company with an authorized share capital of ₹10.00 lakh and a paid-up capital of ₹1.00 lakh.

Pipeline Development

Iware Software Solutions offers several key products:

Iware HIS: A fully digitalized, web-based Hospital Information System with over 10 installations across clinics and hospitals in India.

Smartscopy: An efficient video/image capturing and reporting solution used for laparoscopic procedures.

Iware PACS: An advanced and affordable Picture Archiving and Communication System built on open-source technology.

Technological Platform and Innovation

Iware Software Solutions distinguishes itself through:

Proprietary Technologies: Development of specialized healthcare solutions like Iware HIS, Smartscopy, and Iware PACS.

Scientific Methods: Integration of healthcare standards such as HL7, X12 (as used in HIPAA), XML, and SOAP into their products.

Leadership Team

Dr. Hafeez Rahman Padiyath, Chairman: A pioneer in minimally invasive surgery with extensive experience in laparoscopic procedures.

Ms. Parveen Hafeez, Managing Director: Leads the finance and administration departments, with a focus on maintaining high service standards and attention to detail.

Mr. Suresh Nair, Associate Director: Over 19 years of experience in technology and management, responsible for guiding the company, driving growth, and ensuring customer satisfaction.

Leadership Changes

As of July 2023, Dr. Hafeez Rahman Padiyath and Ms. Parveen Hafeez were appointed as directors of the company.

Competitor Profile

Market Insights and Dynamics:

The healthcare IT industry is experiencing significant growth, driven by the increasing adoption of digital solutions to enhance patient care and operational efficiency.

Competitor Analysis:

Key competitors include:

Cerner Corporation: Specializes in healthcare information technology solutions.

Epic Systems Corporation: Provides electronic health records and other healthcare software.

Allscripts Healthcare Solutions: Offers a range of healthcare IT solutions, including EHR and practice management systems.

Strategic Collaborations and Partnerships

Iware Software Solutions collaborates with various healthcare institutions to implement and customize their IT solutions, ensuring alignment with client needs and industry standards.

Operational Insights

The company leverages its deep industry experience to meet strategic objectives by providing technology-driven, value-added business solutions. Their offerings span business and technology consulting, customized software development, MIS, system integration, and automation solutions.

Strategic Opportunities and Future Directions

Iware Software Solutions aims to diversify into additional verticals such as hospitality, Human Resource Management Systems (HRMS), website, and mobile application development. This expansion strategy positions the company to leverage its existing strengths and explore new market opportunities.