“Edifecs, Inc., a global health information technology solutions company, announced today that Sunny Singh will transition to the role of Chairman of the Board of Directors and Venkat Kavarthapu will become Chief Executive Officer.”
“’It’s the right time to transition Venkat to the role of CEO. He is the perfect leader to take the helm at Edifecs as we expand our product delivery capabilities to include cloud-focused SaaS services and solutions,’ said Sunny Singh, founder of Edifecs. ‘Venkat is both pragmatic and deeply passionate with an exacting standard of excellence, and an unparalleled understanding of the healthcare industry. He has proven himself to be an outstanding leader, and I have full confidence in his abilities to manage the next chapter of our growth while supporting our associates as CEO of Edifecs.'”
“Kavarthapu brings a wealth of expertise to this role, having served in a number of senior leadership capacities at Edifecs over the past 12 years. He has been an integral leader for the company and has been working closely with Singh for months to prepare for the transition.”
“‘Edifecs has a thoughtful strategy and vision and is well-positioned to maintain its leadership position providing solutions to Health Plans,’ said Kavarthapu. ‘I’m excited to take on this responsibility supported by a proven, high-performing leadership team, and I look forward to building on Edifecs’ strong momentum to accelerate the company’s growth.'”
“Singh founded Edifecs in 1996 and has been CEO since, growing the company to over 600 employees and more than 350 customers worldwide. Singh was also instrumental in securing a significant growth investment from TA Associates and Francisco Partners in 2020…” Read the full press release here.
Source: Edifecs Announces CEO Transition Amid Strong Year of Growth – July 8, 2021. Edifecs.