EKO Systems, Inc. Secures $5 Million in Series B Funding
EKO Systems announced that it has secured $5 million in Series B financing from Kaupthing Bank.
Fairfax, VA (PRWEB via PR Web
Direct) October 18, 2004 -- EKO Systems, Inc., a leading provider of
advanced, turnkey Perioperative Clinical Information Management Systems (PCIMS)
supporting electronic data capture and management of patient information in the
surgical environment, announced that it has secured $5 million in Series B
financing from Kaupthing Bank, through Uppspretta Icelandic Capital Venture, SA.
The financing will support the company’s aggressive business development, sales
and marketing initiatives, provide resources to expand client support, corporate
infrastructures and allow EKO to retire all outstanding debt.
“Closing
this Series B financing will allow EKO to capitalize on the healthcare
industry’s rapidly growing need to acquire PCIMS,” said Warren Guillett,
president and CEO of EKO Systems. “Since 1996, EKO Systems has been at the
vanguard of the movement to bring PCIMS technology to the hospital surgical
environment. We estimate the market for Perioperative CIMS solutions is, at
least, $1 billion, and at best, only 5% penetrated by all vendors combined. This
funding provides the company with the resources to scale its sales, marketing,
installation and client support infrastructures to take advantage of the
healthcare industry’s skyrocketing interest in Perioperative CIMS
solutions.”
About EKO Systems Inc.
EKO Systems, Inc., based in
Fairfax, Virginia was founded in 1996 to develop and provide technologically
advanced Perioperative Clinical Information Management Systems (PCIMS) to
hospital high-acuity care environments (OR, ICU, ER, etc.). EKO Systems, Inc.,
is the developer of Frontiers™, an advanced, turnkey hardware and software PCIMS
solution that automates the process of charting surgical patient care and
completing associated billing functions. EKO Systems, Inc. is a privately held,
Delaware-chartered, C corporation. The Company completed a $2.5 million, Series
A financing in 2000.
About Kaupthing Bank
Kaupthing Bank (www.kaupthing.com),
established in 1982, is one of the eighth largest banks in the Nordic countries
and is rapidly becoming one of the leading investment banks in the region.
Headquartered in Reykjavík, Iceland and operating in ten counties, including all
of the Nordic countries as well as New York, London, Luxembourg and Geneva,
Kaupthing offers comprehensive commercial and investment banking services to
individuals, companies and institutional investors. Kaupthing Bank’s market cap,
as of September 2004, is around $4.7B USD with total assets end of Q3 around
$21.4B USD. Kaupthing Bank is listed on the Swedish and Icelandic stock
exchanges (Bloomberg tickers: KAUP SS and KAUP IR).
Contact
Information:
Persons interested in obtaining additional information about EKO
Systems, inc., should contact Warren Guillett, CEO (e-mail protected from spam
bots) or Investor Relations.
2750 Prosperity Avenue
Suite 200
Fairfax, Virginia 22031
Telephone: (703)
849-1477
Fax:
(703) 849-1482
Website: www.ekosystems.com
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Source : http://www.prweb.com/releases/2004/10/prweb170566.htm