Foresight Group, an independent infrastructure and private equity investment manager, has made a GBP3.5 million growth capital investment into IMMJ Systems Limited, a rapidly growing electronic document management solution (EDMS) supplier, with a focus on healthcare.
Founded in 2015, by a team experienced in enterprise IT and NHS technology distribution, IMMJ developed MediViewer. This leading EDMS addresses a critical challenge for healthcare providers, digitising patient records and providing a single, easy access interface for clinical caregivers. MediViewer is highly intuitive, secure, quick to implement and works seamlessly with other software systems, achieving high user adoption rates and leading to strong traction with its customers.
MediViewer is a key component in the delivery of a paperless NHS. This innovative technology leads to improvements in treatment and more accurate diagnoses at the point of care. IMMJ reduces overall costs for NHS Trusts, cutting expenditure on administration, storage and reducing paper usage in hospitals. Foresight is committed to working towards a smarter future through supporting SMEs with an ability to have a sustainable social impact.
Foresight’s investment will enable IMMJ to scale the business through new hires in key functions such as operations, technology and account management, to support the expanding deployment of MediViewer. The Company is rapidly establishing itself as the EDMS market leader in UK healthcare and has plans to expand into international markets.
Commenting on the investment, Michael van de Weg, CEO of IMMJ Systems, says: “We are excited by this investment from Foresight, the opportunity it will provide to grow our offerings and capabilities, enabling us to deploy our products with more healthcare providers. Foresight has an excellent track record in supporting software businesses and is committed to seeing UK growth companies thrive and become leaders in their markets.”
Lindsay Duebendorfer, Investment Manager at Foresight, adds: “IMMJ is an ambitious company that has built a technically advanced but user-friendly product and has a strong reputation among its NHS customers. It’s clear that MediViewer is well positioned to address key challenges in digitising healthcare.”
Graham Ridgway, Chairman of IMMJ Systems, adds: “I am very pleased to be supporting the IMMJ team as non-executive Chairman. In my previous role as CEO of Wellbeing Software, I led the growth strategy, helping more than triple the value of the business. IMMJ is already demonstrating great traction in the healthcare market and I look forward to working with the management team as they accelerate the Company’s growth.”
Source: Private Equity Wire
