ESO Solutions Inc., an Austin-based maker of software for the pre-hospital health care market, raised $4 million in funding from Austin Ventures. The Series B round will be used to bolster sales and marketing, among other growth efforts.
ESO Solutions, Inc., an Austin-based company that creates and distributes innovative software solutions for the pre-hospital health care market, today announced that it has received $4 million in funding from Austin Ventures in a Series B round. As ESO Solutions’ product line rapidly grows in response to the demands of the emergency medical services (EMS), fire and hospital markets, the funds will be used primarily to increase the company’s sales and marketing efforts and position it for expansion and targeted acquisition opportunities.
ESO Solutions’ flagship product is electronic medical record software that enables pre-hospital patient care providers to effectively and efficiently document patient care while giving administrators tools to manage personnel, oversee operations and review patient care records for quality improvement purposes. In response to a growing need for better collaboration between EMS and hospitals, ESO is preparing to release a revolutionary communication platform that not only allows EMS and hospitals to communicate in near real time, but also aggregates pre-hospital data for use in health information exchanges nationwide. With the funding from Austin Ventures, ESO will be able to accelerate the continued development of this and other products on the ESO roadmap.
“We are excited to have the backing of a strong partner like Austin Ventures,” says Chris Dillie, President and CEO of ESO Solutions. “Our customers in EMS and fire have moved from paper-based processes to the electronic age over a very short period of time and are now looking to collaborate with other parts of the health care system in real time. ESO will be using this funding to make certain that we remain the leader and innovator in the area of pre-hospital health care data management.”
John Thornton, General Partner, Austin Ventures, adds, “From the onset, we were excited about the opportunity to partner with an established player in a rapidly growing space. ESO’s visionary leadership and upward trajectory make the company an obvious investment choice.”
About ESO Solutions
ESO Solutions, Inc., founded in 2004 and headquartered in Austin, Texas, employs industry leaders in EMS, software design and information technology to create software solutions for the health care industry. ESO Solutions’ products help health care providers and administrators save time, improve documentation quality and operational efficiencies, and enhance the continuum of patient care. For more information about ESO Solutions, visit www.esosolutions.com.
About Austin Ventures
Austin Ventures (“AV”) has worked with talented entrepreneurs to build valuable companies for over 25 years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With an investment focus on business services and supply chain, financial services, new media, Internet, and information services, AV invests at all stages of company development, from $100,000 in “planned experiments” in early-stage ideas to $100+ million investments in expansion rounds and recapitalizations. AV’s strategy is to partner with talented executives and entrepreneurs through its CEO-in-Residence and Entrepreneur-in-Residence programs.