Excellere Partners has made an investment in Seattle-based Concord Technologies, a provider of secure, cloud-based interoperability and automation technology for healthcare and other document-intensive industries. No financial terms were disclosed. Cascadia Capital provided financial advice to Concord on the transaction.
DENVER–(BUSINESS WIRE)–Excellere Partners, a Denver-based private equity firm focused on partnering with entrepreneurs and management teams, announced today that it has made a strategic investment in Concord Technologies (“Concord”), a leading provider of secure, cloud-based interoperability and automation technology for healthcare and other document-intensive industries. Based in Seattle, Washington, Concord’s solutions promote interoperability through the efficient and secure exchange of large quantities of critical data. Concord’s AI technology underpins the company’s content extraction, recognition, search, and automation platform, enabling customers to efficiently manage critical document processes. Additionally, the company’s most recent workflow platform, NEXTSTEP, unlocks the power of unstructured data, enabling customers to create and integrate vital datasets from a variety of unstructured data sources.
“We are extremely excited to partner with Chris Moore and the entire Concord team, as we look to support their vision for becoming the leader in healthcare process automation and integration,” said Ryan Glaws, Partner with Excellere. “Concord’s unique service offering addresses critical needs within the broader healthcare ecosystem, including information security and system interoperability. With its AI-powered workflow, Concord’s solutions provide significant and tangible value to customers, enabling them to send, receive, ingest, and direct large amounts of inbound and outbound unstructured data, which enables greater efficiency and ultimately enhances the timely and accurate delivery of patient care.”
“Concord has been built on a commitment to provide solutions that help our customers use their data securely and efficiently,” said Chris Moore, founder and CEO of Concord. “We continue to experience tremendous growth and have sought a partner with a proven track record of helping high-growth companies scale into industry leaders. We are thrilled to partner with the Excellere team and believe their unique combination of healthcare expertise and their value creation process will help to position Concord properly for the massive growth that lies ahead.”
Cascadia Capital served as the exclusive financial advisor to Concord.
About Concord Technologies
Concord Technologies is a Seattle, Washington-based provider of interoperability and automation solutions focused on healthcare and other document-intensive industries. Serving over 1,500 customers, Concord’s solutions help transfer, process, and integrate unstructured data within customers’ existing systems and operational processes. For more information, please visit: http://www.concord.net.
About Excellere Partners
Excellere Partners is a Denver-based private equity firm with $1.36 billion of committed capital across Fund I, Fund II and Fund III, specializing in partnering with entrepreneurs and management teams. The firm employs a proven research-driven, top-down investment strategy, and supports its entrepreneurs and management teams with a proprietary value creation process designed to enhance corporate and operational infrastructure for scalability and growth. Excellere’s investments are focused on differentiated and growth-oriented companies positioned to benefit from industry consolidation and favorable macro-economic and demographic trends. Excellere’s targeted industry sectors include: healthcare; energy, power and infrastructure services and products; industrial technology, specialty chemicals; and business services. For more information about Excellere, please visit http://www.excellerepartners.com.