InSite One Inc., the shared portfolio company belonging to PE shop Primus Capital Funds and VC firm Allegra Partners, has entered into an agreement to be bought by Dell Inc. Harris Williams’ Jeff Bistrong, Derek Swaim, Sam Hendler, and Eric Kim worked on the transaction.
Harris Williams & Co. announces that InSite One, Inc. (InSite One), a portfolio company of Allegra Partners (Allegra) and Primus Capital Funds (Primus), has entered into an agreement to be acquired by strategic buyer Dell Inc. (NASDAQ:DELL). Harris Williams & Co. is acting as the exclusive advisor to InSite One. The transaction is being executed by Jeff Bistrong, Derek Swaim, Sam Hendler, and Eric Kim from the firm’s Technology, Telecom & Digital Media (TTDM) Group in Boston.
InSite One’s Vendor-Neutral Enterprise Archive (VNA) and on-premise and offsite cloud storage services provide a comprehensive, secure and sustainable platform for medical data management including diagnostic imaging and sharing of patient information across clinical applications as well as entire healthcare communities. InSite One’s secure, scalable cloud infrastructure supports all PACS, data sources and modalities. InSite One currently manages over 55 million clinical studies, 3.6 billion medical images and supports more than 400 healthcare organizations and has become the preferred archiving platform for the diagnostic imaging industry.
“InSite One is an exciting company not simply due to its current market leading position within the cloud-based storage sector, but because of the opportunity to deliver fully image-enabled Health Information Exchanges. The management team has combined outsourced storage expertise with next generation content management tools and storage architecture to deliver the most robust and versatile vendor-neutral image archive in the market. In Dell Healthcare and Life Sciences, InSite One has found an equally forward looking management team and they collectively are positioned to deliver one of the most robust solution offerings in the HCIT sector,” said Jeff Bistrong, a managing director and head of Harris Williams Technology, Telecom & Digital Media team.
Allegra is a venture capital firm specializing in investments in early stage companies with market-ready products or services. It invests in telecommunications, software, and services industries with a focus on business-to-business, infrastructure investments rather than direct to consumer, and brand-building strategies.
Primus is a private equity firm that invests in growth-oriented and profitable companies in the healthcare, business services and for-profit education industries. Primus pursues transaction types that include management-led buyouts, recapitalizations and expansion capital.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier middle market advisor with a two-decade legacy of sell side excellence serving clients worldwide. The firm is focused exclusively on the middle market providing sell side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services. The firm’s TTDM team focuses on software, IT services, communications and digital media. For more information on Harris Williams & Co.’s efforts in TTDM, contact Jeff Bistrong at +1 (617) 654-2102 or Thierry Monjauze at +44 203 170 8838.
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