Excellere Partners Announces Investment in Concord Technologies, a Leading Provider of Healthcare Interoperability and Automation Solutions
January 30, 2019
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.
Contacts
Excellere Partners
Tracie Kelly, 303-870-2068