Eclipsys Corporation Signs Definitive Agreement to Acquire Sysware Healthcare Systems, Inc.
Eclipsys Corporation® (NASDAQ: ECLP), The Outcomes Company®, today announced that Eclipsys Corporation has signed a definitive agreement to acquire the business of Sysware Healthcare Systems, Inc., including its related software development organization in India. The transaction is expected to close in early July. It is projected that all current Sysware employees will become employees of Eclipsys, adding approximately 130 employees in North America and Baroda, India.
Since 2004, Eclipsys and Sysware have shared a strong strategic business relationship that enabled Eclipsys to remarket Sysware’s laboratory information system (LIS) as Sunrise Laboratory™, part of a comprehensive Eclipsys solution. This acquisition builds upon that partnership and acknowledges the value of an integrated laboratory information solution as a core module of Eclipsys’ Sunrise Clinical Manager™ suite of enterprise-wide advanced clinical solutions.
The acquisition will provide Eclipsys and its customers the benefits of an expanded Eclipsys solution set. It gives Eclipsys better control over its laboratory information system and a development and support organization in India that can be used to help manage growth in a high quality, cost-effective manner. Eclipsys’ customers also benefit from an integrated, best-of-breed solution that will help drive efficiency and effectiveness in their laboratories.
“Eclipsys has been an exceptional business partner — one we have been proud to be associated with,” said Mayank Trivedi, Sysware’s founder and chief executive officer. “By coming together, we can offer our laboratory solution not only on a stand-alone basis but also with the Eclipsys Sunrise solutions as an integral part of a larger enterprise healthcare information system. We believe this integrated solution will prove to be of great value to customers and prospects alike. By joining Eclipsys we will broaden career opportunities for our employees worldwide. As a result, we are very pleased to be joining the Eclipsys team.”
R. Andrew Eckert, Eclipsys president and CEO, stated, “Built on the foundation of our proven partnership, together we are moving forward, taking this exciting step to expand Eclipsys’ product portfolio and capitalize on the expanding lab system replacement market opportunity. Additionally, the acquisition of Sysware’s Indian operations provides Eclipsys with an additional pool of talented development resources and is an important element of our drive to improve our customer service and support capabilities. Acquiring Sysware helps make our company an even better partner for our customers and prospects.”
The transaction is not expected to have a material impact on Eclipsys’ results of operations for 2006.
Financial details of the transaction were not disclosed.
About Eclipsys
Eclipsys is a leading provider of advanced integrated information software, best-practice clinical content and professional services that are helping healthcare organizations across North America improve clinical, financial, and operational and customer-satisfaction outcomes. For more information, see www.eclipsys.com or email info@eclipsys.com .
About Sysware Healthcare Systems, Inc.
Founded in 1989 to provide the hospital and reference laboratory market with high-tech, fully integrated laboratory information system (LIS), Sysware today has a wide portfolio of products that span the continuum of the clinical market. For more information, see www.syswareinc.com .
