• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Medical

Vista Equity Invests $300m In Telehealth Software Firm, TigerConnect

Ayoola by Ayoola
January 11, 2022
in Medical, Software, Start Up
Share on FacebookShare on Twitter

American software Communications Company, TigerConnect has raised up to $300 million in growth investment from a private equity firm, Vista Equity Partners, according to Reuters who quoted sources familiar with the matter.

Though TigerConnect’s valuation isn’t known, a PitchBook data revealed that the company last raised $45 million at a valuation of $370 million in September 2020, with HealthQuest Capital and New Leaf Ventures as its backers. One of the sources claimed that some of the early investors have exited through Vista’s investment, one of the sources said.

TigerConnect, a  software Communications Company founded as TigerText in 2010 by co-founders billionaire Andrew Brooks, MD, CEO Brad Brooks, and Jeffrey Evans delivers cloud-based clinical communication and collaboration solutions, including telehealth, to over 7,000 healthcare organizations and 700,000 caregivers.

Brad Brooks, one of the founders of the company in an interview confirmed the partnership with Vista but fell short on commenting on the amount or the valuation. He asserted that the company will hope to use the proceeds of the deal to invest in its product to be able meet the growing need for clinical collaborations, as well as looking for acquisition opportunities.

He added that number of users on TigerConnect’s platform more than doubled during the past year as hospitals try to improve efficiency and the experience for patients during the pandemic.

“There had really been a dramatic lack of efforts around clinical workflow communication. We’re almost like a Slack for healthcare, putting in a common communication network so that everyone can reach everyone,” said Brooks.

The company, which also sells subscription-based software solutions, including collaboration, communication, scheduling and patient engagement, plans to utilize Artificial Intelligence (AI) and Machine Learning (ML) technology to provide smart solutions based on the platform data.

Vista on the other hand has over $86 billion in assets under management and specializes in investing in enterprise software, data and technology companies.

The American investment firm focused on financing and forwarding software, data and technology-enabled startup businesses had last week, invested an undisclosed amount in BlueConic, a Boston-based customer data platform. It had in the past Vista has invested in hundreds of companies, including Misys, Ping Identity, and Market.

The company is  famed is famed for applying detailed scrutiny in human resources when investing in firms, in a procedure it calls Vista Standard Operating Procedures.

It is hoped that the collaboration between the two companies will shore  up the fortunes of the telehealth industry.

Related Posts:

  • 1688385382185
    39 US AI firms raised $100M+ in 2024: Full list
  • AF.VC_
    Black Ostrich Ventures’ $20m Equity Funding for…
  • startup-growth
    African Startups Raise $289 million in January Alone
  • DSC01180
    E-Commerce Software Firm, Carbon6 Technologies…
  • moniepoint (1)
    Moniepoint Achieves Unicorn Status After Bagging…
  • African-Startups
    African Startups That Have Raised Money This Year
  • Seedstars-Capital-2
    Foundation Botnar & Seedstars Capital Created An…
  • S8 Colours
    Online Brokerage Platform Baraka Secures $20 Million…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: fundinginvestmentsoftwaretelemedicinetigerconnect
Ayoola

Ayoola

Ayoola Faseyi, an Abuja based Journalist with interest in Technology and Politics. He is a versatile writer with articles in many renowned News Journals.He is the Co-Founder of media brand, The Vent Republic.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

subscription from
Loading

Freshly Squeezed

  • Linux Mobile OS Postmarket 25.06 Adds New Device Support June 23, 2025
  • SMB Fintech Finom Raises €115M Amid European Competition June 23, 2025
  • Nigeria’s Top Financial Apps with 10M+ Downloads June 23, 2025
  • SBM Research Flags Flaws in Bosun Tijani’s Telecom Leadership June 23, 2025
  • Opinion: Lebara Should Have Partnered with 9mobile Instead June 21, 2025
  • Lebara Brings UK Budget Calling Model to Nigeria June 21, 2025

Browse Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    

Quick Links

  • About TechBooky
  • Advertise Here
  • Contact us
  • Submit Article
  • Privacy Policy
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • Artificial Intelligence
  • Gadgets
  • Metaverse
  • Tips
  • About TechBooky
  • Advertise Here
  • Submit Article
  • Contact us

© 2021 Design By Tech Booky Elite

Discover more from TechBooky

Subscribe now to keep reading and get access to the full archive.

Continue reading

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok