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Claron Technology Awarded BDC Financing to Support Rapid Growth

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Healthcare IT news Healthcare IT Innovator Plans for Major Introduction in 2013

December 6, 2012, Toronto—Claron Technology Inc. announced today it has raised a first round of mezzanine financing from the Business Development Bank of Canada (BDC). After 10 successful years in operation, the Canadian medical software company will use the funds to further accelerate its rapid growth, and strengthen its product engineering and distribution capabilities.

"We have seen tremendous demand in the market for our enterprise solutions for web medical image viewing and sharing,” stated Claudio Gatti, co-CEO and co-founder of Claron Technology. "The partnership with BDC allows us to enter into a new period of accelerated growth and to continue building our strong team of innovators."

"Claron is a strong illustration of a successful and rapidly expanding technology firm fueled by talented and committed entrepreneurs," said Enes Kula of the BDC's Subordinate Financing Group. "We are extremely pleased to support the company's continued growth and look forward to participating in its ongoing contributions to healthcare IT."

"BDC mezzanine financing will be key for our launch next year of a revolutionary product for the guided implantology market, said Doron Dekel, co-CEO and co-founder of Claron Technology." Our products fill important market needs and have been well received among all members of the dental community.  Now, thanks to BDC, we have extra resources to introduce our newest technology into market more aggressively.”

About Claron Technology, Inc

Claron is dedicated to the application of image processing, image sharing and image distribution in medicine. It has extensive experience in developing systems that help clinicians identify anatomy and tissues of interest, visualize and analyze them, and securely distribute them on a variety of different platforms from desktop to smartphones. Claron helps healthcare vendors, ranging from young start-ups to giant device and IT vendors such as Philips, McKesson and Medtronic, deliver more value to their clinical customers faster by incorporating its technology into their products. Claron's technology is licensed in a range of formats, including low-level modules, platforms, sub-systems, applications and custom engineered exclusive solutions. For more details, visit www.clarontech.com.

About BDC

Canada’s business development bank, BDC, puts entrepreneurs first. With almost 2,000 employees and more than 100 business centers across the country, BDC offers financing, subordinate financing, venture capital and consulting services to more than 28,000 small and medium-sized companies. Their success is vital to Canada’s economic prosperity.

Media Contact:
Jeanne-Marie Phillips
HealthFlash marketing
203-363-0347
jphillips@healthflashmarketing.com


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