Healthcare IT service provider Imprivata files for IPO in New York
Healthcare IT service provider Imprivata has announced that it will go public on the New York Stock Exchange (NYSE) to raise $115 million, according to VentureBeat.
Imprivata's flagship product is Imprivata OneSign, a health care access tool that allows users to sign in with just a single step. The startup also has a workflow tool and secure communication tool. OneSign uses fingerprint, proximity cards, or smartcards to replace the conventional username and password in the sign-in process. The firm says this method helps healthcare staff save 45 minutes every shift, the report detailed.
The Massachusetts-based startup caters to over 900 healthcare entities in 18 countries and 400 non-healthcare entities. Imprivata's technology is compatible with majority of the available electronic medical record systems (EMRs) being used in healthcare firms, the report added.
Founded in 2001, Imprivata is currently headquartered in Lexington. To date, the startup has raised a total capital of $23.9 million, VentureBeat reported.
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