Attune Technologies to increase headcount in India, expand market
Armed with USD 6 million funding by Norwest Venture Partners, the Singapore-headquartered healthcare software company Attune Technologies will increase its headcount in India and expand in the Middle East and African markets, a top company official said.
"We will add 25 more people in the product development centre (in Chennai) and also hire people for business development in markets like Middle East, Africa and other places. We will scale up our business in India and other places," A. Arvind Kumar, chief executive of Attune Technologies told reporters here Monday.
He said the four-year-old 65-employee company got USD 6 million from Norwest Venture Partners for an undisclosed stake in the company.
Kumar said Attune would offer its healthcare software on "software as a service (SAAS)" model to hospitals, diagnostic labs and others on cloud platform (use of computing resources delivered as a service over the internet).
He said traditionally healthcare information technology (IT) systems are built in silos and do not talk to each other.
There are different systems for scheduling billing, hospital information system, lab information system, radiology information system and others without integration facilities.
"It will also be costly for the hospital and laboratories to go in for software charged on per user basis. There is also risk of obsolescence.
"On the other hand, in our SAAS model, the payment is based on the number of beds a hospital has or the number of samples that a lab handles. Our systems will be modern and the cash outgo for our clients will be minimal," Kumar said.
He said that when the client moves out of our fold, the data will be provided in a format which can be integrated with other systems.
As there is no legal clarity on taking the patient data outside India, Attune Technologies hosts its client's data in their respective countries.
According to Mohan Kumar, partner, Norwest Venture Partners, cloud-based software for healthcare will catch up as there are more entrepreneur-driven healthcare chains -- hospitals, clinics, labs -- with venture capital funding.
"For such chains, cloud-based software architecture is important," he said.