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TechByte
iSOFT Enters the US market
iSOFT Group Limited, Australia's largest listed health information
technology company, recently announced that it has acquired US application integration
software developer BridgeForward, Inc in a deal worth up to $ 14.9 million (A$
17.9 million). The acquisition boosts iSOFT's portfolio of interoperable solutions
for the global healthcare market, and also gives the company its first toehold
in the US.
The acquisition, which expands iSOFT's international footprint
to 39 countries, provides iSOFT with a state-of-the-art integration engine that
together with its own Lorenzo Health Studio solution provides the flexibility
and interoperability called for in the US Government's drive to enable electronic
patient record connectivity. In April 2009, iSOFT introduced Lorenzo Studio
at the Healthcare Information & Management Systems Society (HIMSS) convention
in Chicago.
"In BridgeForward, we have acquired intellectual property
that will significantly enhance Lorenzo's flexibility and interoperability as
a solution to fit health organisations across the entire spectrum of care,"
said Gary Cohen, Executive Chairman & CEO. iSOFT paid BridgeForward shareholders
an initial consideration of $ 4.9 million (A$ 5.9 million). A further earn-out,
capped at S$ 10 million (A$ 12 million), may be paid over about five years.
BridgeForward will operate as subsidiary of iSOFT from its offices in Boston
and London.
BridgeForward's latest release 'Viaduct', which enables users
to design and build complex integration processes, is a graphical interoperability
platform that enables legacy applications to participate in a service-oriented
architecture (SOA). Viaduct will continue to be sold as a standalone integration
solution, and will also be embedded in SOA-based Lorenzo to boost iSOFT's capacity
to meet the increased demand for an interoperable, scalable solution that enables
the global healthcare industry's transformation towards full digitisation and
interconnectivity of patient records.
EH News Bureau
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