iCoreConnect Inc. Announces Strategic Acquisition of Teamworx Dental
04 Gennaio 2024 - 2:00PM
via NewMediaWire –
iCoreConnect Inc. (NASDAQ:
ICCT)(“iCore” or the “Company”), a leading cloud-based software
and technology company focused on increasing workflow productivity
and customer profitability through its enterprise and healthcare
workflow platform, announced today its strategic acquisition of
Teamworx Dental (“Teamworx”). This acquisition continues to expand
iCoreConnect's portfolio of SaaS software that serves the
healthcare market.
Teamworx provides patient education and lead generation software
for dental practices with over 100 high-definition, 3D
virtual-treatment planning and case acceptance videos that span
Oral Surgery, Implants, Pediatrics, and more. Its patient education
videos are available in both English and Spanish.
Teamworx brings a critical solution to dental practices to
increase and optimize their treatment plan acceptance rates, an
essential part of a practice’s revenue and profitability. Teamworx
software and videos have proven to not only boost plan acceptance
rates among patients, but also improve the patient's well-being,
which together have helped increase the profitability and
efficiency of the practices that have implemented Teamworx
solutions.
Robert McDermott, President and CEO of iCoreConnect, commented,
"The integration of Teamworx into iCoreConnect's Platform
represents the continued execution of our strategic mission to
provide comprehensive, integrated technology solutions. We are
excited about the possibilities this acquisition brings to our
company and our customers. iCoreAcademy adds to our extensive
portfolio of software solutions we bring to our customers to help
them optimize operations and increase the profitability of their
practices. We plan to leverage our current subscriber base to
introduce this new offering.”
McDermott continued, “We have a strategic vision to bring all
our SaaS solutions under one enterprise platform with single
sign-on capabilities. We are planning to launch the
iCoreEnterprise platform in the second quarter of 2024.”
"Being acquired by iCoreConnect signifies a transformative
chapter for Teamworx Dental," said Dr. Ryan Morrison, CEO of
Teamworx Dental. "We are excited about the endless possibilities
ahead as we integrate our patient education expertise with
iCoreConnect's enterprise and healthcare cloud technology.
Incorporating our patient education platform into iCoreConnect’s
existing suite of offerings positions us to further elevate
workflow productivity and boost provider profitability."
About iCoreConnect, Inc. (NASDAQ: ICCT)
iCoreConnect Inc. is a market leading, cloud-based software and
technology company focused on increasing workflow productivity and
practice profitability through its enterprise and healthcare
workflow platform of applications and services. iCoreConnect is
most notably known for its innovation in solving healthcare
business problems. iCoreConnect’s philosophy places a high value on
customer feedback, positioning iCoreConnect to respond to the
market’s needs. iCoreConnect touts a platform of 16 SaaS enterprise
solutions and more than 100 product endorsements with state or
regional healthcare associations across the United States.
Forward-Looking Statements
Some of the statements in this release are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934 and the
Private Securities Litigation Reform Act of 1995, which involve
risks and uncertainties. Forward-looking statements in this press
release include, without limitation, the Company’s ability to
successfully integrate the FeatherPay acquisition and to rollout
its iCoreAcademy product line. Although the Company believes that
the expectations reflected in such forward-looking statements are
reasonable as of the date made, expectations may prove to have been
materially different from the results expressed or implied by such
forward-looking statements. The Company has attempted to identify
forward-looking statements by terminology including ‘believes,’
‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’
‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’
‘approximately’ or other words that convey uncertainty of future
events or outcomes to identify these forward-looking statements.
These statements are only predictions and involve known and unknown
risks, uncertainties, and other factors, including those discussed
under Item 1A. “Risk Factors” in the Company’s most recently filed
Form 10-K filed with the Securities and Exchange Commission (“SEC”)
and updated from time to time in its Form 10-Q filings and in its
other public filings with the SEC. Any forward-looking statements
contained in this release speak only as of its date. The Company
undertakes no obligation to update any forward-looking statements
contained in this release to reflect events or circumstances
occurring after its date or to reflect the occurrence of
unanticipated events.
Investor Contacts:Davis Snyder or Nick
NelsonICCT@alpha-ir.com312-445-2870
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