iSoft enters U.S. market with $15M BridgeForward purchase

Justine Varieur Cadet | August 14, 2009 | Health Exec | Informatics

Health IT software developer iSoft Group Limited has acquired application integration software developer BridgeForward, in a deal worth up to $14.9 million. The acquisition boosts iSoft’s portfolio of interoperable solutions for the healthcare market, and gives the Sydney, Australia-based company its first toehold in the United States.

The acquisition provides iSoft, which is part of the IBA Health Group, with an integration engine to accompany its Lorenzo Health Studio solution. In April, iSoft introduced Lorenzo at the 2009 Healthcare Information & Management Systems Society (HIMSS) convention in Chicago.

iSoft paid Middleton, Mass.-based BridgeForward shareholders an initial consideration of $4.9 million. A further earn-out, capped at $10 million, may be paid over about five years. BridgeForward will operate as subsidiary of iSoft from its offices in Massachusetts and London.

According to iSoft, BridgeForward’s latest release, Viaduct, enables users to design and build integration processes and is a graphical interoperability platform that enables legacy applications to participate in a service-oriented architecture (SOA). Viaduct also will also be embedded in SOA-based Lorenzo.

Justine Varieur Cadet

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iSoft enters U.S. market with $15M BridgeForward purchase

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