CI boosts health info company
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Connecticut Innovations has made an investment of $244,800 in Premise Corp.
“Given the significant and growing demand for Premise”™s solutions and services, this additional growth capital allows us to further accelerate our research and development initiatives, expand our professional services team and capitalize on the strong market momentum we continue to experience,” said Eric Rosow, chairman and CEO of Premise.
Premise was recently recognized as being one of fastest-growing privately held companies headquartered in central Connecticut when it was awarded the Business Champion Award for 2008.
Connecticut Innovations is the state”™s quasi-public authority responsible for technology investing and innovation development.
The investment, Connecticut Innovation”™s second in the company, was part of a $2 million extension of the round also involving Aetna Ventures L.L.C., Milestone Venture Partners L.P., Inflection Point Ventures L.P. and other investors.
“We are very excited about the future and will continue to maintain our firm commitment to client relationships, innovation and service excellence,” said Rosow.
Premise Corporation is a healthcare information technology company that “delivers patient flow and business solutions to optimize patient flow, streamline bed management, increase hospital capacity, accelerate bed turnover, and leverage complex data on demand.”
“Premise continues to successfully demonstrate its technology, expand its patent portfolio and add new customers,” said Peter Longo, CI president and executive director. “We are delighted to play a role in helping this innovative Connecticut company build on its momentum and offer solutions to an ever-expanding list of ”˜blue chip”™ healthcare providers.”
CI”™s investment in Premise Corporation is its sixteenth investment this fiscal year.