Company’s Disruptive Approach to Secure Image Storage and Management Addresses Market Estimated at $6.55 Billion in 2012
Force 3, delivering innovative technology solutions, today announced the acquisition of secureRAD, a provider of disruptive technology solutions for the medical imaging industry.
With the acquisition, Force 3 gains the technology, talent and customer relationships of a growing healthcare IT provider, enabling Force 3 to expand into medical image storage, management, and display solutions, a market estimated to reach $6.55 billion in 2012.
Force 3 currently provides a market leading imaging solution for the military dental market. With secureRAD, it expands into commercial healthcare and veterinary solutions. secureRAD’s suite of products enables medical professionals and healthcare organizations to leverage off-the-shelf hardware and cloud-based software solutions for a fraction of the cost.
Founded by Phillip Jackson and Mark Baganz of Chesapeake Medical Imaging, secureRAD current customers include the Veterans Affairs Health Administration, Harvard University/MGH, and Baltimore Washington Medical Center, among others.
“The acquisition of secureRAD allows Force 3 to offer technology that addresses the significant market for medical imaging, building on our growing customer base in healthcare,” said Chris Knotts, Force 3 Vice President of Technology and Innovation. “secureRAD owns customer relationships in the commercial and government space and the company’s focus on open source software running on low-cost, off-the-shelf hardware has tremendous market potential.”
By joining Force 3, secureRAD gains access to a deep and proven sales, marketing, and customer support organization, while maintaining focus on product innovation. Jackson will join Force 3 as an employee while Dr. Baganz will provide special advisory expertise to the company.
“Joining together with Force 3, an established and proven IT solutions leader, will enable secureRAD to grow much more rapidly and efficiently,” said Dr. Baganz, co-founder of secureRAD. “We have a great deal of respect for Force 3’s leadership and look forward to helping the company grow its healthcare business.”
Added secureRAD president Phil Jackson, “We are excited to work with Force 3 to further develop and refine secureRAD’s core products today while innovating for the future.”
Force 3 customers and projects in healthcare include its Digital Dental Radiography solution, implemented at 150 military bases around the world. The solution allows dental providers to capture, view, manipulate, and share digital images, making it easier to diagnose and treat highly transient personnel.
Added Knotts, “In healthcare, everyone is moving toward more digital documentation, more ubiquitous access, and less overhead costs associated with providing these services securely. SecureRAD provides Force 3 with an outstanding and scalable solution for this growing market.”