iSOFT acquires UltraGenda.

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iSOFT, a large health information technology company in Australia, mentioned that it has acquired UltraGenda, an IT company based in Belgium, for 16 million US dollars.


During last fiscal period, UltraGenda made profit of $2.6 million on revenue of $5.3 million. iSOFT initially paid a sum of $12.4 million for UltraGenda, to be followed by two payments of $1.9 million each in January 2011 and 2012. The payment will be in cash.


Completing this deal, iSOFT will be able to use high performing software system that is proving its efficacy in number of European countries including Belgium, Denmark, France, Germany, Netherlands, Norway, Spain, Switzerland and the UK. Where it was used by healthcare associates for managing appointments and resources.


UltraGenda's system can be used on the internet. And can be combined with iSOFT's hospital systems at several locations. "UltraGenda has an outstanding reputation as a world-class niche software developer, and we warmly welcome them into the iSOFT fold," said Gary Cohen, Executive Chairman & CEO.


European business unit of iSOFT I to manage UltraGenda. This will be announce to the market in March as part of iSOFT at the Healthcare Information and Management Systems Society (HIMSS) conference in Atlanta and the World of Health IT conference in Barcelona.


About iSOFT:isoftlogo
iSOFT is one of the largest providers of healthcare IT solutions in Australia. It aims to provide software systems that aid healthcare communities. iSOFT systems are used in more than 40 countries all over the world. For more information, please visit http://www.isofthealth.com


About UltraGenda:UltraGenda
Based in Belgium, the company aims to IT solutions to support appointments and scheduling processes in healthcare industry. UltraGenda operates business in 10 countries in Europe. Please visit www.UltraGenda.com for more information.


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