JUN 27, 2008 4:56pm ET

Related Links

The State of Cloud Standards
February 10, 2012
eHealth Initiative Studies the I.T. of ACOs
February 10, 2012
Federal Grants Help HIEs Link Mental Health and Medical Providers
February 10, 2012
Report: HIEs Need I.T. Help, but Shun HIT Workers from Fed’s Training Programs
February 8, 2012
Health I.T. Vendor Round-up: Greenway, SOAPware, eCareSoft, gloStream
February 8, 2012
Verizon, Health Evolution Partners Align to Accelerate Health I.T.
February 6, 2012
Health Plan ID, Insurance Exchange Rules Coming Soon
February 6, 2012

Web Seminars

Selecting and Implementing the Best Electronic Dental Record for Your Organization
March 7, 2012
Which comes first? Chargemaster Standardization vs. System Conversion
Available On Demand
Stage One Meaningful Use and Patient Education: Integrating Educational Content Within Your Health Information System
Available On Demand

Initiate Pulls Planned IPO

Print
Reprints
Email

Initiate Systems Inc., which sells identity and data management software, has withdrawn its plans to conduct an initial public offering of stock it hoped would raise $75 million.

The Chicago-based company last November filed a registration statement to start the IPO process. In a letter to the Securities and Exchange Commission withdrawing the registration, the vendor stated, “The terms currently obtainable in the public marketplace are not sufficiently attractive to the registrant to warrant proceeding with the initial public offering.”

Instead, Initiate Systems on June 26 closed a $26 million private financing round. Washington-based Paladin Capital Group led the round. Other participants included existing investors Sigma Partners, Apex Venture Partners and First Analysis Group; and new investors Dunrath Capital, EMC Corp. and Informatica Corp.

More information is available at initiatesystems.com.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Twitter
Facebook
LinkedIn

A major success factor for accountable care organizations will be linking caregivers across the spectrum of care delivery. If history is any indication, that's going to be an industrywide struggle.

Login  |  My Account  |  White Papers  |  Web Seminars  |  Events |  Newsletters |  eBooks
FOLLOW US
Already a subscriber? Log in here
Please note you must now log in with your email address and password.