Healthcare Technology Leader Expands Global Market Penetration With Addition of Independent Subsidiary
Cambridge, Mass.— May 21, 2007 — InterSystems Corporation today announced it has acquired Australia-based TrakHealth. An application partner of InterSystems since 1991, TrakHealth develops and markets TrakCare, an enterprise-level web-based health information system deployed in 25 countries. TrakHealth will operate as an independent subsidiary of InterSystems, with its own sales force.
InterSystems is a leading provider of innovative 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 U.S. 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.”
InterSystems Corporation is a privately-held $200,000,000 company with headquarters in Cambridge, Massachusetts, and offices in 22 countries. InterSystems CACHÉ® is a high performance object database that makes applications faster and more scalable. InterSystems Ensemble® is a rapid integration platform that enriches applications with new functionality, and makes them connectable. InterSystems HealthShare™ is a platform that leverages existing healthcare applications to rapidly create regional or national electronic health records.
InterSystems is the predominant vendor of database and integration software for healthcare applications. CACHÉ and Ensemble are used as the core technology for clinical applications in thousands of hospitals around the world, including all U.S. Department of Veterans Affairs and U.S. Department of Defense hospitals, and the Kaiser Permanente network. Leading software vendors who build clinical application products with InterSystems’ technologies include Epic Systems, GE Healthcare, Misys Healthcare, QuadraMed, and many more. For more information, visit InterSystems.com.
Australian-based TrakHealth develops and markets TrakCare, a revolutionary web-based healthcare information system that rapidly delivers patient-centric care solutions and electronic patient record benefits. In addition to providing a complete enterprise-wide clinical and administrative solution, with its innovative “FastTrak to ePR” technology and methodology TrakCare quickly and seamlessly integrates information from legacy systems and multi-vendor solutions. TrakHealth is implementing projects that range from single hospitals in numerous countries to a statewide fully integrated healthcare information system serving a 6.5 million population in Brasilia and its surrounding region. TrakCare, which can be readily adapted to varying public- and private-sector healthcare delivery approaches, is installed in leading healthcare organizations in 25 countries, including the United Kingdom, China, Japan and India.
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