Navigation Links
Riverside Partners Completes Growth Equity Investment in Vocollect, the Leader in Voice Solutions for Supply-Chain and Healthcare Workforce Management
Date:7/7/2009

BOSTON, July 7 /PRNewswire/ -- Riverside Partners, based in Boston, Mass., is pleased to announce that it has completed a growth equity investment in Vocollect, Inc. This investment is designed to accelerate Vocollect's growth through a variety of ongoing initiatives including, geographic expansion and product development efforts, as well as to expand the penetration of Vocollect Voice into markets beyond supply chain and healthcare.

Vocollect is the world leader in voice enabled workforce productivity solutions for mobile workers. Vocollect's supply-chain business was founded more than 20 years ago. The company provides voice applications for use across core supply-chain functions, such as distribution centers and warehouses. Vocollect helps customers reduce costs, increase worker productivity and accuracy, and improve safety and worker satisfaction. Every day Vocollect Voice is used by over 250,000 workers worldwide to distribute more than 2 billion dollars' worth of goods to customer locations.

Vocollect Healthcare Systems' AccuNurse voice-assisted care solution is used by nurse aides for the management and documentation of patient care in skilled nursing facilities (SNFs). Organizations using AccuNurse benefit from reduced paper processing, lower operating costs, increased reimbursements and improved quality of care.

"Vocollect's voice-enabled workforce productivity systems are widely recognized for streamlining supply-chain workflows, and enhancing worker performance and accuracy. Beyond their success in the supply-chain business, we were impressed by the success of Vocollect's management in leveraging the company's core technology to enter the healthcare IT market. Vocollect's healthcare products enable SNFs to deliver more effective patient care, increase worker productivity, and reduce the administrative costs of compliance. Riverside is excited to partner with Vocollect's co-founder and CEO Roger Byford, and we look forward to working with Roger and his team to further the company's growth," said Steven F. Kaplan, general partner of Riverside Partners.

"Vocollect was looking for a partner that brought more than just capital to the company. The existing shareholders and management wanted a value-added partner with deep domain experience in the technology and healthcare markets. We believe the team at Riverside Partners is well-suited to help Vocollect build on its strong foundation and accelerate our growth," said Roger Byford, Vocollect CEO.

"In today's challenging economy, it is gratifying that Riverside sees the vast potential of voice in helping organizations achieve a higher level of business performance. This investment in Vocollect's future will further enable us to continue our strong level of innovation and research so that we can identify and address unmet market needs, as well as expand our current leadership position in existing markets," Byford said.

About Riverside Partners

Founded in 1989, Riverside Partners is a middle market private equity firm focusing on growth-oriented companies in the healthcare and technology industries. Riverside is particularly experienced at partnering with founders, owners and management teams, and it brings substantial domain expertise and operating experience to its portfolio companies. The partners at Riverside have managed more than $500 million in investments in over 50 companies. The firm is currently focused on companies with revenues between $20 - $200 million and with $5 - $25 million of EBITDA.

About Vocollect

Vocollect, Inc. is the number one provider of voice solutions for mobile workers worldwide, helping customers achieve a higher level of business performance through voice. Every day Vocollect enables over 250,000 workers worldwide to distribute more than $2 billion dollars' worth of goods from distribution centers and warehouses to customer locations. A global team of over 2,000 supply chain reseller and channel partner experts supports Vocollect Voice offerings in 55 countries and in 26 languages. Vocollect VoiceWorld Suite integrates with all major WMS and ERP systems, including SAP, and supports the industry's leading mobile computing devices. For more information, visit www.vocollect.com.

Vocollect(R), Vocollect Voice(R) and VoiceWorld Suite(TM) are trademarks of Vocollect, Inc. All rights reserved.

About Vocollect Healthcare Systems

AccuNurse voice-assisted care from Vocollect Healthcare Systems, Inc. makes it easy for care staff to retrieve care needs on-demand, chart activities as they are completed, and Silent Page each other for help. Organizations using AccuNurse benefit from lower operating costs, maximized reimbursements and improved quality of care. Vocollect Healthcare Systems is a subsidiary of Vocollect, Inc.

AccuNurse(R) and Silent Page(TM) are trademarks of Vocollect Healthcare Systems.


'/>"/>
SOURCE Riverside Partners
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Riverside First to Offer New Treatment for Peripheral Arterial Disease
2. Riverside Partners Teams with Management to Acquire GEMCITY Engineering & Manufacturing
3. Cogdell Spencer Announces a $100 Million Development at St. Lukes Riverside Outpatient Campus In Bethlehem, Pennsylvania
4. Susan G. Komen for the Cure, U.S. Congressman Pat Tiberi, Ohio Senator Tom Niehaus, and OhioHealth Riverside Breast Health Center Call for Action on Breast Cancer
5. Berkery Noyes Represented The Riverside Company on the Sale of HCPro Holdings, Inc. to Halyard Capital, LLC
6. New Medicare Equipment Bidding Program for Riverside, California Area is Rife with Errors, Says the American Association for Homecare
7. Riverside Partners Teams with Management to Acquire Innovative Product Achievements
8. Global Med Technologies(R) Signs Agreement With Californias Century Old Riverside County Regional Medical Center
9. Riverside Health System Announces $1 Million Incentive Program For Small Businesses to Offer Insurance Coverage for Employees
10. Riverside County Registered Nurses File a Lawsuit to Stop Countys Violation of Federal Law
11. Riverside Partners Teams with Management to Acquire IZI Medical Products
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... Carolina (PRWEB) , ... June 26, 2016 , ... ... of a new product that was developed to enhance the health of felines. The ... centuries. , The two main herbs in the PawPaws Cat Kidney Support ...
(Date:6/25/2016)... ... 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due to a ... new, often overlooked aspect of head lice: the parasite’s ability to live away from a ... occurrence, but a necessary one in the event that lice have simply gotten out of ...
(Date:6/25/2016)... ... ... Friday, June 10, Van Mitchell, Secretary of the Maryland Department of Health and Mental ... exemplary accomplishments in worksite health promotion. , The Wellness at Work Awards took place ... BWI Marriott in Linthicum Heights. iHire was one of 42 businesses to receive an ...
(Date:6/24/2016)... ... ... Marcy was in a crisis. Her son James, eight, was out of control. Prone to ... , “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If there ... my other children and say he was going to kill them. If we were ...
(Date:6/24/2016)... ... ... of Topricin and MyPainAway Pain Relief Products, join The ‘Business for a Fair Minimum Wage’ ... 2020 and then adjusting it yearly to increase at the same rate as the median ... floor does not erode again, and make future increases more predictable. , The company is ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... , June 27, 2016  VMS Rehab Systems, ... Board will take whatever measures required to build a ... stock which is currently listed on the OTC Markets-pink ... Company Chairman and CEO, "We are seeing an anomaly ... to understand, not only by the Company, but shareholders ...
(Date:6/24/2016)... FRANCISCO, Calif. , June 24, 2016 /PRNewswire/ ... ), a biopharmaceutical company developing novel therapeutics for ... unmet needs, today announced the closing of its ... of common stock, at the public offering price ... in the offering were offered by GBT. GBT ...
(Date:6/24/2016)... -- The Academy of Managed Care Pharmacy (AMCP) today ... allow biopharmaceutical companies to more easily share health care ... coverage decisions, a move that addresses the growing need ... The recommendations address restrictions in the sharing of product ... a prohibition that hinders decision makers from accessing HCEI ...
Breaking Medicine Technology: