ESO announces strategic investment from Accel-KKR
AUSTIN, Texas — ESO Solutions, Inc., a leading provider of software to emergency medical services (EMS), fire departments, hospitals and healthcare professionals nationwide, announced that it has received a growth equity investment from Accel-KKR, a leading technology-focused private equity firm.
As a result of the new partnership, ESO will accelerate its investments in sales, marketing, product innovation and acquisitions, company officials said.
Since its founding in 2004, ESO has brought numerous breakthrough software products to the important markets it serves. Most recently, ESO launched its Electronic Health Record (EHR) software, an all-new version of its flagship Electronic Patient Care Report (ePCR) product for EMS agencies. Other key products include: Health Data Exchange (HDE), a pioneering interoperability and data-exchange platform that allows different areas of healthcare to share patient data in a bi-directional, vendor-agnostic environment; and specialty software for fire departments, ambulance billing operations, and others.
"At ESO, we've always pursued our vision for improving community health through the power of data. We have developed tools that turn critical data into usable information for our customers," said Chris Dillie, President and CEO of ESO. "Partnering with Accel-KKR will help us continue to realize that vision, strengthen our leadership position in the market and provide even greater value for the professionals we serve."
"ESO brings innovative technology to emergency services and healthcare. The Company's strong vertical solutions and excellent reputation for customer service make it a great fit for us, " said Accel-KKR Managing Director Greg Williams. "We're looking forward to working with the team at ESO to enhance the value it provides to this important market."
Terms of the investment were not disclosed.
ESO Solutions, Inc., founded in 2004 and headquartered in Austin, Texas, is dedicated to improving community health through the power of data. Its healthcare, public safety and technology experts provide the most innovative software solutions on the market, including the industry-leading ESO Electronic Health Record (EHR) software, as well as the first-of-its-kind healthcare interoperability platform, ESO Health Data Exchange (HDE). For more information about ESO, visit www.esosolutions.com.
Accel-KKR is a technology-focused investment firm with $4.0 billion in capital commitmentsThe firm invests in software and IT enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions from minority-growth investments to buyouts, recapitalizations, divisional carve-outs and going-private transactions. The firm has offices in Menlo Park, Atlanta and London. For more information, please visit www.accel-kkr.com.