TietoEnator has acquired the entire share capital in the German healthcare IT provider Cymed AG. The company specialises in hospital information solutions and hygiene software for hospitals and laboratories. Cymed has 34 employees located in Bochum. The acquisition will support TietoEnator's healthcare growth strategy and goal to be one of the leading ICT solution and service providers in the European healthcare market. The acquisition is effective as of 1 October 2006.
Cymed has more than 500 customers in Germany, Austria and Switzerland. Their offering is based on three of their own software product lines. Hybase is a statistics and analysis system for all requirements concerning hygiene monitoring in hospitals and laboratories. The solution is the market leader in Germany and Austria with 450 customers. Cymed HIS is the hospital information system based on modules, which can also be used independently. Cyway is a process design tool for specifying and documenting clinical pathways. Net sales in 2006 are expected to amount to EUR 3.5 million. The purchase price of the acquisition is EUR 5.1 million. Cymed's management will continue in their current jobs.
"TietoEnator's aim is to support healthcare by digitising healthcare services and promoting seamless treatment chains. This acquisition will be a natural continuation of our strategy's implementation, increasing our market share in Europe and expanding our product portfolio and offering for our target markets," says Juhani Kaisanlahti, who is responsible for the business operations in TietoEnator Healthcare & Welfare.
"We will get beneficial advantages from Cymed's in-depth know-how, especially in the fields of hygiene systems and seamless treatment chains. They have many interesting products to be integrated into our current healthcare solutions," comments Markus Volpers, who is responsible for TietoEnator's healthcare business operations in German-speaking countries and The Netherlands.
"TietoEnator, as one of the leading European IT companies, will provide great advantages to our customers and personnel. Together we are able to develop additional value for our customers and provide innovative IT solutions and services for the healthcare sectors challenges," says Andreas Lange, CEO, Cymed AG.
TietoEnator is one of the leading healthcare and welfare ICT solution providers in Europe. The company offers state-of-the-art ICT solutions and IT services for healthcare and welfare service providers. The aim is to support healthcare and welfare sectors in digitising their processes, promoting seamless service chains and various regional cooperation models as well as an excellent return in invested solutions. TietoEnator has over 30 years of experience in the welfare and healthcare industries, employs over 1,200 experts in seven countries and has operations in eleven countries in these businesses. The company entered the German healthcare market by acquiring ITB Informationstechnologie Beratung AG in January 2005 and Waldbrenner AG in January 2006.
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- Tieto's Profile
TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has over 15 000 experts in more than 25 countries.
www.tietoenator.com