Data Critical Closes Second Round of Financing.REDMOND, Wash.--(BUSINESS WIRE)--Nov. 8, 1996-- Apex Investments, Spencer Trask Spencer Trask was an American financier, philanthropist, and venture capitalist. Beginning in the 1870s, Trask began investing and supporting entrepreneurs, including Thomas Edison's invention of the electric light bulb. , Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , The EnCompass Group, Ace Investments and First Analysis lead latest round Data Critical Corp. today announced the completion of a new round of investment capital financing totaling $3.7 million. Data Critical designs, manufactures and markets cost-effective wireless applications for mobile professionals. Proceeds from this latest funding will go toward product development and marketing of the company's Cardio-Pager(TM) and RhythmStat XL(TM) applications for the medical field, and for a utilities application called MobileView(TM). Apex Investment, First Analysis, Merrill Lynch and Spencer Trask Securities Investors--Data Critical's original venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] --were joined by Ace USA, The EnCompass Group and a group of individual investors to contribute to the latest round of financing. "The participation and support of Data Critical by such an esteemed group of investors is a tremendous endorsement of our capabilities," said Jeff Brown, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Data Critical. "The market for wireless medical applications is growing at a rapid rate and this support will help us establish a leading edge within the industry." Hewlett-Packard has licensed Data Critical's technology for two medical products, PalmVue(TM) and ECGStat(TM), which transmit ECG ECG electrocardiogram. ECG abbr. 1. electrocardiogram 2. electrocardiograph ECG Also called an electrocardiogram, it records the electrical activity of the heart. waveforms, critical patient information and other medical data to remote physicians via handheld PCs. Data Critical has also developed Image APB APB See Accounting Principles Board (APB). (TM), which transmits mug shots and APB information to law enforcement officials. The company's MobileView application will transmit maps and updated work orders to utility crews in the field, thus saving time, minimizing costly mistakes and improving customer service. With headquarters in Redmond, Wash., Data Critical designs, manufactures and markets cost-effective wireless applications for mobile professionals. The company offers a variety of wireless communication applications, with a focus on saving lives, time and costs. Data Critical's patented Data-Through-Paging(TM) (DTP See desktop publishing. DTP - desktop publishing ) technology ensures that various forms of data are transmitted securely and accurately. DTP technology features Data Encryption Standard See DES. Data Encryption Standard - (DES) The NBS's popular, standard encryption algorithm. It is a product cipher that operates on 64-bit blocks of data, using a 56-bit key. It is defined in FIPS 46-1 (1988) (which supersedes FIPS 46 (1977)). (DES) for security, as well as exceptional data compression of critical medical and image data. For more information about Data Critical and its products, visit http://www.datacrit.com. -0- CardioPager(TM), RhythmStat XL(TM), Image APB(TM), MobileView(TM) and Data-Through-Paging(TM) are trademarks of Data Critical Corp. CONTACT: Data Critical Corp. Craig Kairis, 206/882-6051 Fax: 206/885-3377 ckairis@datacrit.com http://www.datacrit.com |
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