InterSystems takes over TrakHealth
21 May 2007 Cambridge, Massachusetts, USA. InterSystems Corporation has
acquired Australian company TrakHealth, supplier of
TrakCare, an enterprise-level
web-based health information system deployed in 25 countries. An application
partner of InterSystems since 1991, TrakHealth will operate as an
independent subsidiary of InterSystems, with its own sales force.
InterSystems is a $200m privately held company that provides database and
integration software. Its product line includes the InterSystems CACHÉ high
performance object database, InterSystems Ensemble rapid integration
platform, and InterSystems HealthShare platform for regional and national
electronic health records. All of the top 10 US hospitals, as ranked by US
News and World Report, are InterSystems clients.
In making today’s announcement, InterSystems CEO Terry Ragon said “This
union of InterSystems and TrakHealth will increase our global prominence and
open up major new sales opportunities in international markets. TrakHealth’s
success in Asia and Latin America will enable InterSystems to accelerate our
growth in emerging markets which hold over 70% of the world’s population.”
Commenting on the new business relationship, TrakHealth COO Chris Chapman
said “With the financial strength of InterSystems behind us, we are better
positioned to win and deliver the large-scale projects that are redefining
healthcare delivery at the community, regional and national levels in many
countries. This is a great move for both organizations and for the customers
we serve worldwide,” To top
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