Jun 5 2012
Force
3, delivering innovative technology solutions, today announced the
acquisition of secureRAD,
a provider of disruptive technology solutions for the medical imaging
industry.
With the acquisition, Force 3 gains the technology, talent and customer
relationships of a growing healthcare IT provider, enabling Force 3 to
expand into medical image storage, management, and display solutions, a
market estimated to reach $6.55 billion in 2012.
Force 3 currently provides a market leading imaging
solution for the military dental market. With secureRAD, it expands
into commercial healthcare and veterinary solutions. secureRAD's suite
of products enables medical professionals and healthcare organizations
to leverage off-the-shelf hardware and cloud-based software solutions
for a fraction of the cost.
Founded by Phillip Jackson and Mark Baganz of Chesapeake Medical
Imaging, secureRAD current customers include the Veterans Affairs Health
Administration, Harvard University/MGH, and Baltimore Washington Medical
Center, among others.
"The acquisition of secureRAD allows Force 3 to offer technology that
addresses the significant market for medical imaging, building on our
growing customer base in healthcare," said Chris Knotts, Force 3 Vice
President of Technology and Innovation. "secureRAD owns customer
relationships in the commercial and government space and the company's
focus on open source software running on low-cost, off-the-shelf
hardware has tremendous market potential."
By joining Force 3, secureRAD gains access to a deep and proven sales,
marketing, and customer support organization, while maintaining focus on
product innovation. Jackson will join Force 3 as an employee while Dr.
Baganz will provide special advisory expertise to the company.
"Joining together with Force 3, an established and proven IT solutions
leader, will enable secureRAD to grow much more rapidly and
efficiently," said Dr. Baganz, co-founder of secureRAD. "We have a great
deal of respect for Force 3's leadership and look forward to helping the
company grow its healthcare business."
Added secureRAD president Phil Jackson, "We are excited to work with
Force 3 to further develop and refine secureRAD's core products today
while innovating for the future."
Force 3 customers and projects in healthcare include its Digital Dental
Radiography solution, implemented at 150 military bases around the
world. The solution allows dental providers to capture, view,
manipulate, and share digital images, making it easier to diagnose and
treat highly transient personnel.
Added Knotts, "In healthcare, everyone is moving toward more digital
documentation, more ubiquitous access, and less overhead costs
associated with providing these services securely. SecureRAD provides
Force 3 with an outstanding and scalable solution for this growing
market."