Watermark Medical Secures Investment from CA Technologies
07 Giugno 2010 - 4:00PM
Business Wire
Watermark Medical, Inc., a privately-held medical products and
services company currently servicing the sleep-disordered breathing
market, today announced the completion of a $15 million equity
investment from CA Technologies (NASDAQ: CA). This equity
investment in Watermark Medical represents CA Technologies’ entry
into the emerging Software-as-a-Service (SaaS)-based healthcare
cloud market. As part of the investment, CA Technologies will hold
a minority stake in Watermark Medical and two seats on Watermark’s
Board of Directors.
Watermark Medical’s current technology enables medical
practitioners to easily manage, aggregate and access critical
diagnostic and historical patient information. According to Sean
Heyniger, CEO of Watermark Medical, “CA Technologies is an expert
in managing data in virtual and cloud environments, and this
investment will further the development of our advanced, web-based
technology platform.”
“We’re excited about working with Watermark Medical to develop
innovative solutions for cloud-connected healthcare,” said Jacob
Lamm, Executive Vice President of Strategy and Corporate
Development at CA Technologies. “This investment provides a
significant opportunity for CA Technologies to participate in the
future of the management of medical data. With Watermark, we will
be working with a company that can take our technology and
immediately apply it toward helping improve the quality of care
physicians can provide for their patients.”
John Sculley, co-chairman of Watermark’s Board of Directors
agrees. “As an emerging leader in the medical cloud computing
arena, Watermark is on track to expand the technological
capabilities of traditional primary care physician (PCP) offices
with our comprehensive cloud platform services,” he said. “With
Electronic Medical Records, the growing tele-health industry and a
new focus on preventative healthcare, there is more opportunity
than ever for technology organizations such as CA Technologies to
help drive innovation in the area of data management, aggregation
and delivery.”
Watermark Medical already has seen success with its premiere
product offering, the Watermark ARES device. The Watermark ARES
(Apnea Risk Evaluation System) is the first FDA-cleared, CMS
approved, in-home, wire-free, ambulatory sleep test device that
provides medical practitioners with a highly accurate, lower-cost
tool to diagnose patients who may be suffering from Obstructive
Sleep Apnea (OSA). This comprehensive diagnostic system is already
transforming the diagnostic treatment and care of OSA with its
end-to-end, diagnostic-to-therapy platform service.
According to Heyniger, “as Watermark’s technology expands and is
increasingly incorporated into the day-to-day functions of the
medical community, benefits will include: a decrease in costs to
the physician and patients; ability for patients to gain access to
potentially lifesaving diagnostic tests; shifting the cost burden
from expensive hospital and specialist-based testing to the PCP;
and increasing accuracy in tracking the long term health and
wellness of patients.”
About Watermark Medical
Watermark Medical, Inc., (WM) is a privately held medical
products company servicing the sleep-disordered breathing market.
Its co-founders/investors are serial entrepreneurs with extensive
experience building successful business models and sales and
distribution channels for medical services. WM’s recent experience
was with CardioNet, Inc. (NASDAQ:BEAT), a reimbursement-based,
medical services company focused on cardiac arrhythmia monitoring.
The company is headquartered in Boca Raton, FL. For more
information, visit www.watermarkmedical.com.
About CA
CA Technologies (NASDAQ: CA) is an IT management software and
solutions company with expertise across all IT environments – from
mainframe and physical, to virtual and cloud. CA Technologies
manages and secures IT environments and enables customers to
deliver more flexible IT services. CA Technologies’ innovative
products and services provide the insight and control essential for
IT organizations to power business agility. The majority of the
Global Fortune 500 relies on CA Technologies to manage their
evolving IT ecosystems. For additional information, visit CA
Technologies at www.ca.com. Follow CA Technologies on Twitter at
www.twitter.com/cainc.
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containing the words "believes," "plans," "anticipates," "expects,"
"estimates" and similar expressions) constitute "forward-looking
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