Focus Softnet increases healthcare stake
Investment in HMS partner to strengthen healthcare portfolio
Focus Softnet has expanded its strength in the healthcare segment, with the acquisition of a stake in healthcare management solutions company Insta Health Solutions.
The company has made the investment in the Bangalore based developer, as it looks to make the Insta Healthcare Management System (HMS).
The two companies already has a partnership agreement, and Focus Softnet has already signed a number of customers in the region, and the investment will now give Focus Softnet more influence over product development.
"At Focus Softnet, we have been continually looking to expand our vertical specific solutions portfolio. We began with the educational sector, wherein we developed our own education vertical solution called Focus ARMS. Next, we added warehouse management solutions to our product portfolio," explained Ali Hyder, CEO of Focus Softnet. "We felt that a comprehensive mid-segment health care solution was missing in the market. We found Insta Health Solutions fit for this vertical and hence we singed a partnership agreement with them last year. After successfully promoting Insta HMS for a year and from the feedback we received from the market, we felt it should become an integral part of our portfolio and hence we decided to invest in the company."
The Insta HMS offers end-to-end hospital automation, with advanced medical records management capabilities. The solution offers lower total cost of ownership, and faster implementation and maintenance than comparable solutions, along with free upgrades.
The solution has an established user base in India, and Focus Softnet has several clients in the Middle East including Life Line Health Group, Children's Medical Centre and Al Mazroui Clinic.
"Focus Softnet has proven track record in marketing to mid-sized organisations and there is no one better than them in this category," said Ramesh Emani, co-founder and CEO, Insta Health Solutions Pvt. Ltd. "They have close to two decades of market experience and we couldn't have asked for a better partner for ourselves. Insta also wanted to have a long-term strategic partner in the international market. Keeping the market segment and technologies in mind, we found Focus Softnet perfect as partners. We expect to get majority of our revenues through this partnership in the international market, while we concentrate on sales within India."