Attune Technologies, a cloud-based healthcare IT product company has raised $6 million from Norwest Venture Partners (NVP), a global multi-stage investment firm.
Arvind Kumar, CEO and Director of Attune commented, “We experienced strong traction in both the HIS and LIS sectors last year. Funding from Norwest Venture Partners enables us to accelerate the growth of our cloud-based model in India as well as in other key global markets. Norwest has a strong track record in building successful cloud-based product companies and we are looking forward to working closely with the firm to grow our business further at this exciting time in the market.”
Headquartered in Singapore, with a product development centre in India and operational presence in India, Indonesia, Malaysia, Philippines and Vietnam, Attune plans to deploy the funds to enhance product development and scale its business operations across South Asia, South East Asia, Middle East and China.
Mohan Kumar, Executive Director, Norwest Venture Partners commented, “The healthcare services market is growing rapidly in the India/ASEAN/MENA region with the creation of large chains of healthcare service providers. We believe that a cloud-based architecture naturally lends itself to integrating these large chains, bringing in operational efficiency and also integrating the various suppliers and partners in the healthcare ecosystem. We liked Attune’s product architecture and the management team’s expertise in developing national level EHR products—all of which drove our investment decision. NVP is very active in this sector globally, as it has invested in CareCloud which offers EHR, revenue cycle management and practice management software, as well as ClearDATA, a leading healthcare cloud computing platform and service provider.”
EH News Bureau
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