iSoft marks US foray with $14.9m deal

iSoft, the healthcare IT solutions provider that has product development centres in India, has acquired US application integration software developer BridgeForward in a deal worth $14.9 million. With this acquisition, iSoft has made an entry into the US market and has expanded its footprint to 39 countries.

The acquisition provides iSoft with a state-of-the-art integration engine that together with its own Lorenzo Health Studio solution provides the flexibility and interoperability called for in the US government’s drive to enable electronic patient record connectivity.

iSoft paid BridgeForward shareholders an initial consideration of $4.9 million. A further earn-out, capped at $10 million, may be paid over five years. BridgeForward will operate as subsidiary of iSoft from its offices in Boston and London.