Genesis Automation receives €21million investment
Irish health technology software provider raises growth investment
Genesis Automation, a Cork technology provider company specialising in software products for the healthcare sector, has raised €21million in investment, as reported in The Times [click here for article] comprising €20million from a private equity investor and an additional €1million by IPF Partners, a Luxembourg-based healthcare funder which previously backed the company with in the region of €6million in venture debt.
Headquartered in Cork, Genesis Automation develops resource planning services for healthcare providers and is used by the UK Health and Safety Executive and a number of large hospitals across the UK and USA.
Richard Hall, CloudOrigin CEO and Founder, who led the Technology and Operational Due Diligence on behalf of the key investor, commented:
“We are delighted to bring our extensive experience of health sector IT and Software as a Service solutions to yet another growth investment round in this exciting market. Genesis combine great technology and professional services capabilities, essential to meeting the demanding needs of healthcare institutions on both sides of the Atlantic”.