Lincor Solutions Secures $9.5m(€7.3m) Investment

DUBLIN, March 11, 2013 /PRNewswire/ --

Funding to Accelerate Product Development and Global Sales Expansion

Lincor Solutions announces it has secured a $9.5 million equity investment from Edison Ventures, a leading US venture capital firm with a track record of successful investment in healthcare IT enterprises.

The company expects to add over 30 positions in software development, sales, marketing, customer support and finance roles over the next year in Ireland and the USA, with recruitment beginning immediately.

Lincor's patented MEDIVista platform delivers secure access to all patient data at the hospital bedside enabling doctors and nurses to make accurate decisions based on real-time information. It also provides access to hospital management systems for patients and a range of interactive education, entertainment and communications services that improve outcomes

Lincor CEO Richard Cooke stated, "Lincor is a global company with a unique technology that helps hospitals reduce costs while maintaining the quality of patient care at a time when most hospital budgets are decreasing.  MEDIVista is already in use at 120 hospitals and this financing will aggressively expand our presence in Europe, US, Middle East and Asia Pacific by significantly increasing our Research & Development activities. We view this investment by Edison Ventures with its demonstrable success in the healthcare information technology sector as a fantastic endorsement of our products, track record and management team."

Lenard Marcus, Edison Ventures Principal noted; "Hospitals utilising the technology have demonstrated increased physician-patient interactions, lower patient re-admissions, and an improvement in clinical outcomes."    

About Edison Ventures

Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies by providing capital and value-added services to late stage ($5 to 20 million revenue), information technology businesses.  

Edison has invested in 30 Healthcare Information Technology companies and currently manages over $800 million in investments and is actively making new investments.  For more information on Edison Ventures visit http://www.edisonventures.com

About Lincor Solutions

Lincor Solutions, founded in 2003, operates internationally from facilities at Dublin and Cork Ireland, with sales offices in Toronto, Canada, Bordeaux, France, and Vienna, Austria, The company supports the largest installed base of its type worldwide and its MEDIVista product set is delivered through a network of channel and technology partners in Europe, Middle East, Asia and the Americas.  

For more information, visit http://www.lincor.com