SAN FRANCISCO, CA--(Marketwired - Feb 5, 2015) - Data Innovations, a provider of software for medical laboratories, announced today it has entered into a definitive agreement to be acquired by Roper Industries, the parent company of Sunquest Information Systems Inc., a maker of laboratory information systems. Data Innovations is a portfolio company of Battery Ventures, a global investment firm. Terms of the transaction were not disclosed.
The deal highlights Battery's continuing focus on investments in the healthcare-technology sector. In the last 10 years, Battery has invested in 19 healthcare-IT companies.
"We continue to be excited by this segment of the software market, and the acquisition of Data Innovations by Roper is one more example of the value these companies are creating," said Chelsea Stoner, a Battery general partner and Data Innovations board member.
Data Innovations, founded in 1989 and based in Burlington, VT, provides middleware to help manage operations in clinical and blood laboratories. The company has more than 4,500 customers in 83 countries.
"Data Innovations has a 25-year history of developing connectivity solutions that enhance the capabilities of instrument manufacturers and laboratory information systems. Going forward, Sunquest will leverage our innovative and service-oriented approach in partnering with the world's leading instrument vendors and health-information systems," said Michael Epplen, Data Innovations' chief executive officer.
Data Innovations will enhance the product offerings and geographic reach of Sunquest, based in Tucson, AZ, while retaining its brand and independent position providing services to its clients and partners. Data Innovations will remain headquartered in Burlington.
About Battery Ventures
Battery invests in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, e-commerce, digital media and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to buyout and invests globally from offices in Boston, the San Francisco Bay Area and Israel. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.
About Data Innovations
Founded in 1989, Data Innovations (DI) is a major clinical and blood laboratory middleware company. With a focus solely on laboratory data management, DI offers a complete middleware system to manage laboratory operations, including pre-analytical, analytical, and post-analytical sample processing and non-clinical tasks such as equipment maintenance and specimen archiving. Data Innovations is headquartered in Burlington, VT with offices in Florida, Belgium, Brazil and Hong Kong.
Contact Information:
CONTACT:
Rebecca Buckman
Vice President, Communications and Content
Battery Ventures
650-292-2077