IMS Buys Diversinet Assets

IMS Health is to acquire the assets of Toronto-based Diversinet, including intellectual property, software and customer contracts, for around $US 3.5m.

The health research giant says it will also offer jobs to some of Diversinet's employees on completion of the deal, on which shareholders will vote in mid-September. Diversinet as a business will be wound up.

Diversinet's services include security and encryption for storing individuals' health information; secure mobile app technology and secure messaging services (MobiSecure SMS). Late last year it introduced a new product named the Wallet which provides a secure, personalized 'virtual container' for entering, managing and sharing personal health information. Revenues for the first half of 2013 were $566,000, down from $701,000 the previous year, and its net loss for Q2 2013 was $794,000.

The move adds to IMS Health's portfolio of patents in the area of 'mobile health', and is the latest in a string of acquisitions so far in 2013 - it bought incentive compensation, data management and BI firm Incential Software in June, multi-channel CRM software provider 360 Vantage in May, social media analyst Semantelli in April and relationship marketing specialist Appature in March.

IMS is online at www.imshealth.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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