Welcome!

Artificial Intelligence Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Liz McMillan, William Schmarzo

News Feed Item

LaunchPoint Raises $3.5 Million in Series B Financing

Cloud-Based Healthcare Analytics Solutions Offered by Two Divisions, Ajilitee and Discovery Health Partners, Drive Customer and Investor Interest

ROLLING MEADOWS, IL -- (Marketwire) -- 01/24/12 -- LaunchPoint, a provider of information-centric enterprise business solutions and services, announced today the close of a private Series B financial raise of $3.5 million, bringing total corporate investments to $6.7 million. Backers include the roster of existing LaunchPoint Series A investors and new private contributors.

"LaunchPoint garnered investment offers from private equity and venture capital given our ability to scale our business through solutions that improve customer performance and transparency," said Terrence Ryan, LaunchPoint CEO. "We see deep market interest in supporting health IT priorities with agile business solutions that drive top and bottom line performance. Based on current business results, strong market interest, and current investor support, we opted to keep LaunchPoint privately held at this point in time."

Founded in 2008, LaunchPoint has served 30 customers through its two divisions: Ajilitee, a consulting and services firm that specializes in agile analytics, business intelligence, cloud enablement, and information management; and Discovery Health Partners, a provider of intelligent healthcare cost containment solutions that include subrogation, coordination of benefits and dependent eligibility verification. Customers include leading healthcare payers, provider networks, academic medical centers, and self-insured corporations.

In 2011, LaunchPoint revenue grew by ten-fold and its customer base doubled. LaunchPoint now employs more than 40 people. This latest financial raise will be allocated toward new customer onboarding and continued software-as-a-service (SaaS) solution development.

"We invested in LaunchPoint because of its management team strength and track record, expertise in information analytics and cloud computing, healthcare focus and customer momentum," said George Spencer III, Managing Director of Seyen Capital and LaunchPoint private investor. "With its suite of cloud offerings and strength in execution, LaunchPoint is carving a leadership position in helping healthcare organizations compete in entirely new ways."

LaunchPoint founders previously served in leadership capacities with HP Worldwide Information Management Services and as founders and executive management of Knightsbridge Solutions, a leading business intelligence consultancy acquired by HP in 2006.

About LaunchPoint
LaunchPoint is a provider of information-centric enterprise services and solutions for healthcare organizations. Corporate divisions Ajilitee and Discovery Health Partners deliver highly flexible, scalable and cost-efficient solutions that enable customers to innovate with information and advance their competitive position. More information is available at www.launchpointcorporation.com, www.ajilitee.com and www.discoveryhealthpartners.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine

CONTACT:
Michelle Smyth
773.972.2285
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
Apptio fuels digital business transformation. Technology leaders use Apptio's machine learning to analyze and plan their technology spend so they can invest in products that increase the speed of business and deliver innovation. With Apptio, they translate raw costs, utilization, and billing data into business-centric views that help their organization optimize spending, plan strategically, and drive digital strategy that funds growth of the business. Technology leaders can gather instant recomm...
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and wor...
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, ...
After years of investments and acquisitions, CloudBlue was created with the goal of building the world's only hyperscale digital platform with an increasingly infinite ecosystem and proven go-to-market services. The result? An unmatched platform that helps customers streamline cloud operations, save time and money, and revolutionize their businesses overnight. Today, the platform operates in more than 45 countries and powers more than 200 of the world's largest cloud marketplaces, managing mo...
I spend a lot of time helping organizations to “think like a data scientist.” My book “Big Data MBA: Driving Business Strategies with Data Science” has several chapters devoted to helping business leaders to embrace the power of data scientist thinking. My Big Data MBA class at the University of San Francisco School of Management focuses on teaching tomorrow’s business executives the power of analytics and data science to optimize key business processes, uncover new monetization opportunities an...
Trend Micro Incorporated, a global leader in cybersecurity solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud workloads, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and investigation, enabling better, faster protection. With more than 6,00...