Prognosis Health Information Systems today announced the completion of its acquisition of Creative Healthcare Systems.

The Springfield, Mo.-company offers MedGenix, a financial management and patient accounting system that includes 18 powerful revenue management modules and is currently being used by community hospitals, clinics, long-term care facilities and home health agencies across the United States. With this acquisition, Prognosis HIS now is offering a comprehensive solution that will help healthcare providers optimize both clinical care and financial operations. Financial terms of the deal have not been disclosed.

“The acquisition will enable healthcare providers to come to one source and get exactly what they need – innovative solutions that work together to both enhance care and improve the bottom-line, important goals for hospitals of all sizes in today’s challenging environment,” said Ramsey Evans, CEO of Prognosis HIS. “We collaborated closely with the MedGenix team at a client site, tightly coupling together our clinical and financial solutions.  It became obvious from this experience, how our value multiples for hospitals when we combine forces.”

MedGenix functionality, which includes a “one patient, one record and one statement for all care received” capability, enables providers to offer an enhanced patient experience. With many other systems, patients are bombarded with a series of individual statements from each provider.

Prognosis HIS successfully meets the needs of hospitals with ChartAccess® Comprehensive EHR. Built as a “disruptive innovation,” the solution provides a platform that helps community hospitals overcome the cost, speed of implementation, and usability obstacles commonly cited as impediments to electronic records success. Intuitive and easy-to-use, the system offers built in analytics and health information exchange (HIE) capabilities, which can help hospitals provide consistent, high-quality patient care.

With this system, many hospitals have moved from project kick off to go-live in just 120 days, putting them on the fast track to “meaningful use” attestation. As a result, several hospitals have already leveraged the ONC-certified solution to qualify for incentive funds under the American Recovery and Reinvestment Act.

About Prognosis Health Information Systems

Prognosis Health Information Systems (PHIS), Houston, is committed to utilizing advanced 21st-Century technologies to help healthcare providers significantly improve the quality, safety and efficiency of patient care while also achieving better financial results. PHIS enables rural and community hospitals to utilize pure browser-based electronic health record (EHR) and financial systems designed to be fully operational in less than six months at a predictable, affordable cost. For more information, visitwww.prognosisHIS.com. Follow us on Twitter (@PrognosisHIS).

eEye Digital Security, a provider of IT security and unified vulnerability management solutions, will exhibit at the Data Connectors’ New York Tech-Security Conference on Thursday, September 29, 2011, 8:15AM-5:00PM.

Data Connectors’ New York Tech-Security Conferencefeatures 25-30 vendor exhibits and several industry experts discussing current tech-security issues such as email security, VoIP, LAN security, wireless security, USB drives security, and more. The conference will be held at Bridgewater’s 11 Fulton Street (atop the Fulton Market Building) at the South Street Seaport, New York City.

eEye invites conference attendees to explore the Company’s latest innovations, particularly the newly released Retina CS 2.5 Management solution. Retina CS is the only unified vulnerability and compliance management solution that integrates security risk discovery, prioritization, remediation, and reporting into a single, web-based console.

At the event, eEye will encourage attendees to take advantage of several free, online resources that the company provides to the IT security community. Retina Community is a free vulnerability scanner for up to 32 IPs, now being used by thousands of organizations. Zero Day Tracker provides a catalogue of the newest zero-day vulnerabilities, instructions for quick remediation, and a historical record of past vulnerabilities. eEye’s Vulnerability Expert Forum (VEF), hosted by Maiffret and the eEye Research Team, is a popular monthly webinar attended by hundreds of IT security professionals seeking insight and information on recently announced critical vulnerabilities from Microsoft and other software vendors.

About eEye Digital Security

Since 1998, eEye Digital Security has made vulnerability and compliance management simpler and more efficient by providing the only unified solution that integrates assessment, mitigation, protection, and reporting into a complete offering with optional add-on modules for configuration compliance, regulatory reporting, and integrated patch management. eEye’s world-renowned research and development team is consistently the first to uncover critical vulnerabilities and build new protections into our solutions to prevent their exploit. Thousands of mid-to-large-size private-sector and government organizations, including the largest vulnerability management installations in the world, rely on eEye to protect against the latest known and zero-day vulnerabilities. More at eeye.com.

Exinda, a global provider of WAN optimisation and application performance management solutions, has opened an office in Midrand, South Africa.

The new office, headed by networking industry stalwart Alan Rehbock, will be responsible for building Exinda’s brand in sub-Saharan Africa through its channel partners.

“The African market is subject to expensive and unreliable bandwidth, made worse by the ever-increasing growth of network traffic,” says Rehbock. “For businesses, ensuring employees have fast access to information and applications is critical. Moreover, the ability to prioritise legitimate business traffic over social media, video or music, for example, is also crucial to keeping employees productive.

“With the company growing at over 90% annually, Exinda has obviously hit a spot in the WAN (wide area network) optimisation market. The key to its success is its Unified Performance Management (UPM) solution, which comprises the core capabilities needed to effectively manage a WAN, integrated into a single network appliance. Another advantage is that Exinda’s appliances are easy to install, and offer full integration into Microsoft’s Active Directory.”

The three pillars on which UPM is built are:

• Visibility. This pillar operates at Layer 7 of the network, providing insight into all network activity, usage and performance. It provides CIOs with all the user and application information they need to keep their networks operating at peak performance. Exinda provides managers with in-depth reports on network traffic, which empowers them to rapidly take action to improve network performance, user experience and optimise productivity.
• Control. This pillar allows CIOs to optimise network resources to the needs of their organisations through comprehensive control over network traffic, without placing heavy-handed restrictions on users. Management can be done from a high level to dynamically shape and prioritise traffic, or it can be controlled at the user or group level, should specific users or groups have unique job requirements.
• Optimisation. Exinda’s unique WAN optimisation solution provides detailed application classification and prioritisation, granular policy-based traffic control, and selective TCP and application acceleration. With Exinda, businesses can dramatically improve application response times, increase traffic throughput, and reduce the effects of latency. The result is near LAN-like application performance across the business’ WAN.

“Enterprise IT is changing as more companies look to centralise their IT processes, while their operations are becoming more distributed than ever,” adds Rehbock. “These companies can either significantly increase their bandwidth expenditure to ensure optimal levels of user productivity, or optimise their WAN performance.”

“Exinda’s experience in Africa indicates there is a high density of small to mid-size global businesses with advanced communications requirements and capabilities within the sub-Saharan region,” says Michael Sharma, CEO of Exinda.

“By increasing our presence and resources in these countries, network operators can leverage Exinda’s innovative solutions to ensure they have the network capacity and control to incorporate new business applications. We are confident that Alan’s experience and channel-centric approach will help us to grow and support our partners and our customers in this region.”

About Exinda

Exinda is a proven global supplier of next generation WAN optimisation and application acceleration products. The company has helped over 2 000 organisations in over 80 countries worldwide improve the end-user experience, manage application performance, manage congestion over the WAN, and reduce network operating costs for the IT executive. For more information, please visit http://www.exinda.com.

Boston-based OpenView Partners, investors in NextDocs and Monetate, continued its interest in Philadelphia by investing $11.5 million in Xtium.

The company, based in Valley Forge, provides cloud computing services. Xtium, of course, isn’t the first cloud computing company in the ‘burbs looking for a big exit. Tom Paine over at Philly Tech News has additional info about Xtium’s founder Peter Ritz.

DuckDuckGo co-founder and Open Angel Forum co-organizer Gabe Weinberg has the low-down on the second ever Open Angel Forum. Local presenters include Inhabi and Cloudmine.

As we reported yesterday, Ben Franklin Technology Partners and the Philadelphia Media Network are currently accepting applications for its “Project Liberty” incubator. The companies will be announced on Halloween. The incubator, funded through a $250,000 grant from the Knight Foundation, will also be the topic of Osberg’s talk at Mobile Monday this month.

 

GIVE A GLANCE

Warby Parker, the online eyeglasses company with Penn origins has raised $12 million from First Round Capital and others.

MIGHT BE WORTH YOUR TIME

Law firm Blank Rome has a press release featuring all 40 of its private equity and venture capital transactions in the first two quarters of 2011.

Two weeks after raising $320,000, Entertainment Games has raised an additional $20,000. Maybe the company just really likes the number 340?

Philadelphia Business Journal’s Peter Key writes about the four companies accepted into the Minority Enterprise Accelerator Program at DreamIt Ventures.

Xtium Secures $11.5 Million to Accelerate Growth for its “Limo-Ride” Cloud Services

OpenView Venture Partners bets strong on twin trends of virtualization and cloud services

Valley Forge, PA, USA – September 23, 2011 – Xtium, a leading provider of virtual private cloud service solutions, today announced a $11.5 million Series A round of funding by OpenView Venture Partners. The investment will be used to scale sales and marketing, expand the partnership ecosystem, and accelerate delivery of the company’s flagship virtual private cloud services. Scott Maxwell, Senior Managing Director at OpenView, will join Xtium’s board of directors.

“After evaluating the emerging cloud service provider market, it is very clear that Xtium has the best full-service cloud platform for midmarket companies,” said Maxwell. “Midmarket companies are strapped for budget, time, and technology expertise to take advantage of the advances in virtualization, cloud services, and network management. So Xtium’s ‘limo ride to the cloud’ is the perfect solution for them. We’re eager to enable and participate in Xtium’s future growth.”

Since winning its first managed cloud customer in 2007, Xtium has expanded its portfolio of cloud services to include virtual disaster recovery, virtual hosting, virtual desktop infrastructure, smart connectivity and network/user-experience acceleration. The company has also developed deep relationships with leading technology providers such as VMware, Riverbed, Microsoft, Dell/Equallogic, Juniper, EMC, SAP, Computer Associates and many others.

“Xtium is having another strong growth year and we are excited to continue building for aggressive execution,” said Peter B. Ritz, co-founder and president of Xtium. “Scores of midmarket enterprise customers have chosen Xtium to migrate and manage their cloud and network, as we provide everything they need to plan, migrate, and manage their systems and network at a significantly lower cost and higher service level than their current model.”

Ritz also spoke of how Xtium works to help customers move to the cloud one step at a time.  For example, he noted that some customers get started with the company’s cloud disaster recovery service, which helps them build a better understanding of the benefits of the platform.

“This funding will enable us to enhance and expand our customer relationships, further build out our team, and develop additional capabilities that help customers accelerate their transition to the cloud,” said Ritz.

About Xtium

Xtium is a leading virtual private cloud services provider to businesses. Its technology and service offerings combine enterprise-class virtualization, servers, storage, and WAN accelerations fabric with multi-coast, top-tier data center facilities to deliver secure, scalable, fully-managed cloud hosting and disaster recovery services. Xtium’s pay-as-you-grow model saves on capital expense, improves service levels over the legacy solutions and drives end-to-end cost and convenience benefits on behalf of mid-market organizations or self-directed divisions of global companies.  Xtium is one of only three companies certified to be a hosting service provider for VMware, SAP, and Riverbed. To buy or learn more, please visitwww.xtium.com.

About OpenView Venture Partners

OpenView Venture Partners is an expansion stage venture capital fund with a focus on high-growth software, Internet, and technology-enabled companies. Through its staff of seasoned operating executives, OpenView helps portfolio companies to quickly scale product, go-to-market, and organizational and operational functions with best practices. The firm was founded in 2006 and has total capital under management of approximately $240 million. OpenView recently launched its new operational value-add content site at www.openviewlabs.com.  OpenView Venture Partners is based in Boston and invests on a worldwide basis. To learn more, please visit openviewpartners.com.

Launched at Europe’s largest digital marketing conference dmexco, ExactTarget has unveiled a multilingual user interface today, enabling marketers to access the interface in German, Brazilian Portuguese, Japanese and English.

Peter McCormick, ExactTarget cofounder and general manager of the company’s global operations said “By providing a unified technology platform that is completely customizable to marketers’ language, we can help brands break down the silos between disparate geography-based solutions and deliver new levels of return from their marketing investment.”

ExactTarget also announced plans to locate its new Central European Sales and Services center in Munich in early 2012.  The Munich office will join ExactTarget’s growing network of global operations to support marketers around the world. Headquartered in Indianapolis, the company now employs more than 1,000 worldwide at its offices in London, Sao Paulo (Brazil), Sydney, Melbourne, San Francisco, Seattle and Indianapolis.

The unveiling of ExactTarget’s new multilingual interface follows the March 2011 launch of its social media management application in Japanese made possible through a partnership with Tokyo-based NTT Communications Corporation. The jointly launched Japanese product provides full access to the application’s enterprise functionality for Twitter and Facebook engagement management, including advanced analytics, workgroups and assignment features and is currently being sold in Japan via NTT Com’s Online Marketing Group.

A cloud-computing company led by a veteran Philadelphia-area technology executive received an $11.5 million investment from a Boston venture-capital firm that invested in two other area firms last month.

Xtium LLC got the first-round investment from OpenView Venture Partners    , which invested $15 million in Conshohocken-based Monetate Inc. and $10.3 million in King of Prussia-based NextDocs Corp. in August.

Xtium is led by Peter Ritz, who co-founded AirClic, a Trevose mobile technology company. Today, AirClic predominantly sells software to companies that use it to keep track of their shipments and people, but originally it attempted to use its technology to enable …

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NextDocs, a King of Prussia company that markets Microsoft    SharePoint-based compliance software products for life sciences companies, has opened an office in Lake Oswego, Ore., to expand its operations on the West Coast.

The company said the 3,028-square-foot space — which will have five employees — will support NextDocs’ current and potential client base. NextDocs has about 85 employees overall.

“We’ve been steadily growing our business since its inception in 2006,” said Zikria Syed, CEO of NextDocs. “We’ve already provided services to our clients based in this region, and are looking forward to further developing these relationships in the coming years. I’m confident that this will help to support our growing client base, both in the United States and internationally.”

In addition to its corporate headquarters in King of Prussia, Pa., NextDocs also has a European headquarters in Munich, Germany; along with offices in Cambridge, England; Paris and Lyon, France.

NextDocs received the Microsoft 2010 and 2011 Life Sciences Partner of the Year award in June for its innovative use of Microsoft (NASDAQ:MSFT) technology in support of the life sciences industry.