|By PR Newswire||
|April 7, 2014 09:13 PM EDT||
WALTHAM, Mass., April 7, 2014 /PRNewswire/ -- Trinity Pharma (http://www.trinitypharma.com), the leading industry cloud provider of data and analytics solutions for healthcare enterprises, raised an additional $4 million in growth capital this week from Milestone Venture Partners, a New York-based venture fund focused on healthcare SaaS investments. Coupled with $15 million Trinity raised last December from Health Enterprise Partners, the combined $19 million Series A investment will enable Trinity to meet strong demand for its platform and accelerate its aggressive growth strategy.
"Trinity solves an incredibly complex and historically expensive problem facing life sciences and healthcare companies: large volumes of disparate data assets must be exploited successfully if a business is going to create significant value," said Todd Pietri, Milestone Co-Founder and General Partner. "Trinity's platform is unique in that it has both a powerful cloud-based data management engine and an elegant mobile user experience."
Milestone's $4 million investment closes out Trinity's oversubscribed $19 million Series A round of funding, which will accelerate investments in product development, sales, delivery, and partnerships. Trinity is enjoying strong demand for its SaaS solution, adding several new healthcare and life science customers in Q1. To meet demand, the company is expanding its Boston headquarters and expects to announce new locations in California and the New York areas soon.
Trinity is the only industry cloud provider of data and analytic solutions to life sciences companies that delivers an end-to-end solution using proprietary and patent pending technology. It introduced the industry's first cloud-based HTML5 mobile analytics application and data integration platform to deliver personalized, data-driven customer analytics. Benefits from leveraging Trinity's solutions include significant operational efficiencies by moving to the cloud and a dramatic increase in insights for commercial business units across the enterprise. These are significant competitive advantages in the data-heavy and dynamic life science and healthcare industries.
"The IT centric approach around data warehousing and business intelligence hasn't changed in decades and, as a result, the people driving the business are now dealing with a lot of pain. The challenge of managing tremendous volumes of data is only growing with the shift in outcomes based healthcare and the demand for differentiated and unique market insight. Traditional methods are simply incapable of addressing the problem," said Zack King Trinity's CEO and Co-Founder. "By leveraging the cloud, our vertically-focused solution turns complex data into insights and analytics at a rate five times faster and at 40% of the costs compared with traditional solutions. We're excited to partner with Milestone and leverage their extensive expertise in this market."
Trinity is headquartered in Waltham Ma, the famous Route 128 technology belt and an epicenter for innovative companies. The company recently relocated its headquarters to the historic Watch Factory campus which spans approximately 400,000 square feet of high tech space along the Charles River waterfront.
About Milestone Venture Partners
Milestone Venture Partners, located in New York City, is an early-stage, information technology venture capital fund with $100 million under management. Milestone has invested in 18 Digital Health businesses, which provide technology solutions to hospitals, physicians, biopharmaceutical firms, payors and consumers. Prior investments include Medidata Solutions, CareGain (sold to Fiserv), Octagon Research Solutions (sold to Accenture), MedPage Today (sold to Everyday Health and Premise Development (sold to Eclipsys).
SOURCE Trinity Pharma
Sep. 30, 2016 10:00 AM EDT Reads: 4,220
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 30, 2016 10:00 AM EDT Reads: 1,823
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Sep. 30, 2016 10:00 AM EDT Reads: 2,394
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Sep. 30, 2016 10:00 AM EDT Reads: 4,610
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 30, 2016 10:00 AM EDT Reads: 2,725
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
Sep. 30, 2016 10:00 AM EDT Reads: 1,215
Sep. 30, 2016 10:00 AM EDT Reads: 4,474
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Sep. 30, 2016 09:45 AM EDT Reads: 3,248
Sep. 30, 2016 09:45 AM EDT Reads: 212
Sep. 30, 2016 09:30 AM EDT Reads: 2,730
Sep. 30, 2016 09:30 AM EDT Reads: 2,580
Sep. 30, 2016 09:15 AM EDT Reads: 3,048
Sep. 30, 2016 09:15 AM EDT Reads: 3,058
Sep. 30, 2016 09:00 AM EDT Reads: 2,900
Sep. 30, 2016 08:45 AM EDT Reads: 193