CareStack, a USA headquartered cloud-based dental software solutions leader, has announced the acquisition of Waybeo, an Indian startup co – founded by Krishnan R V, Manu Dev, and Bijoy B S offering advanced intelligence services in ad-generated phone calls. The acquisition will transform patient-practice communication in healthcare by integrating Waybeo’s cutting-edge technology with CareStack’s market dominance in dental care.
“Integrating Waybeo’s advanced analytics into our platform is a game-changer. It aligns with our commitment to redefine dental care. We are expanding capabilities and reshaping patient communication. Our collective strength will transform dental operations, empowering practices with cutting-edge tools,” said Abhilash Krishna, CEO CareStack
Over the past seven fiscal years, Waybeo has demonstrated a commendable trajectory of revenue growth. The average year-on-year growth rate across these seven years stands at approximately 39.42%. Currently, the company’s call tracking product serves about 22,000 locations across India. Waybeo boasts a clientele of 56 enterprise customers nationwide, the company claimed in an official release.
Krishnan R V, Co-Founder and CEO of Waybeo, said, “This acquisition is a strategic move that combines Waybeo’s tech proficiency with CareStack’s market reach. It’s a leap toward advancing patient care standards. We are not just streamlining communication but helping elevate patient care experiences in healthcare facilities.”
With the acquisition, Waybeo is poised for accelerated growth, expanding its footprint in India and international markets. Eyeing sectors beyond healthcare, such as automobile, consumer durables, insurance, broking, and real estate, Waybeo plans to redefine industry standards with its innovative solutions. Mumbai will be the key business hub, anchoring the company’s strategic operations, added the release.
