Capsule Tech gets growth investment from JMI Equity
Capsule Tech, Inc, whose products seamlessly connect virtually any medical device to any information system in any care area, has completed a strategic investment from JMI Equity, a growth equity firm focused on investing in growing software, Internet, business services, and healthcare IT companies. In conjunction with the investment, Capsule has named Gene Cattarina as its chief executive officer to lead the company in its next phase of growth. Cattarina, an experienced healthcare IT executive, succeeds Arnaud Houette, who will continue to serve on Capsule’s board of directors.
According to Capsule, JMI’s investment and the appointment of Cattarina come following important achievements under Houette’s leadership. The company says it experienced record growth in 2011, nearly doubling revenues, and surpassed the 1,000 customer milestone.
Prior to joining Capsule, Cattarina held numerous senior executive positions at companies in healthcare information systems, software, products, devices, and professional services. Most recently, he was CEO of Impulse Monitoring, a provider of outsourced intraoperative neuromonitoring solutions to hospitals and other healthcare facilities.
Harry Gruner, founder and a managing general partner of JMI, notes that Capsule has seen significant growth as a result of its innovative and seamless technology.
JMI Equity is a leading growth equity firm focused on investing in growing software, internet, business services, and healthcare IT companies. Founded in 1992, JMI has invested in more than 100 businesses in its target markets and has over $2.1 billion of committed capital under management.