Strategic Acquisition Expands Malar Group's Healthcare Portfolio, Strengthening Its Commitment to Innovation and Excellence in the Health and Wellness Sector

Malar Group, a leading diversified conglomerate with a robust presence in Telecommunications, IT, Entertainment, Software Applications and Testing, AI Technology, Surveillance, Healthcare, Pneumatics and Real Estate, last week announced the acquisition of Numera, a global provider of personal emergency response system (PERS) products, from Nice. This represents a significant milestone in their ongoing strategy to expand its footprint in the health and wellness sector.

The addition of Numera to Malar Group's portfolio underscores the company’s commitment to leveraging leading-edge technology to drive growth and innovation across industries. Numera's pioneering telehealth and telecare monitoring solutions align perfectly with the company’s vision of enhancing health, safety, and wellness for individuals worldwide.

"We are thrilled to welcome Numera to the Malar Group family," said Sayan Navaratnam, Founder of Malar Group. "Numera has established itself as a leader in the telehealth and telecare space, and we see tremendous potential to further elevate its impact in the healthcare market. Our focus will be on investing in Numera's already impressive capabilities to ensure it continues to deliver exceptional value to its customers."

Numera's advanced technologies enable monitoring service providers and health-related companies to offer personal safety, health and wellness tracking, and social engagement services. With this procurement, Malar Group is poised to advancing these offerings globally, bringing innovative health solutions to new markets and enhancing the lives of countless individuals.

"This addition is a natural fit for us as we continue to diversify and strengthen our portfolio in sectors that align with our core values of integrity, excellence, and innovation," added Navaratnam.

"We are committed to supporting Numera's growth by investing in research and development, improving its market reach, and ensuring the highest levels of customer service,” added COO of Malar Group, Peter Manickavasagar

The company's acquisition of Numera reflects its broader strategy of identifying and acquiring companies with strong market positions and growth potential. This move will enable them to broaden its health and wellness offerings while reinforcing its position as a leader in the healthcare industry.

About Malar Group of Companies

The Malar Group of Companies is a diversified conglomerate with a strong presence in Telecommunications, IT, Entertainment, Software Applications and Testing, AI Technology, Surveillance, Healthcare, Pneumatics and Real Estate. Known for innovation and excellence, the group delivers high-quality products and services globally. Headquartered to serve both domestic and international markets, The company employs cutting-edge technologies and a customer-centric approach to drive growth. Its businesses operate synergistically to foster innovation and value across industries. Malar Group is committed to sustainable development, investing in initiatives that promote social well-being, environmental sustainability, and economic growth. The group upholds its core values of integrity, excellence, and innovation, ensuring long-term success and a positive impact on the communities it serves. For more information, visit malargroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240819395132/en/