Datalink.net Acquires Pharmaceutical Software Developer Simkin, Inc.; Company's Wireless Technology is Key to Solving Real-time Information Needs of Healthcare Market.Business Editors SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 18, 2000 Extending its reach into the emerging wireless healthcare market, Datalink.net (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :XLNK), a leading wireless application service provider and infrastructure architect, today announced the completion of its second acquisition in two months -- Simkin, Inc. of Gainesville, Fla., a producer of pharmaceutical and medical software tools with on-site and computer assisted training programs. "This acquisition is a major step in our Company's strategy to dominate key vertical sectors of the wireless economy," said Anthony N. LaPine, Datalink.net chairman 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. . "Our patented wireless technology, combined with Simkin's innovative software and 18 years of close relationships with the world's most prestigious hospitals and pharmaceutical manufacturers, gives us unparalleled reach into the healthcare market." Founded in 1982 by Dr. J. Daniel Robinson, Simkin, Inc. provides software and clinical training to more than 900 hospitals in the U.S. and 100 in Europe and Asia, including the Mayo Clinic, Mount Sinai, John F. Kennedy "John Kennedy" and "JFK" redirect here. For other uses, see John Kennedy (disambiguation) and JFK (disambiguation). John Fitzgerald Kennedy (May 29, 1917–November 22, 1963), was the thirty-fifth President of the United States, serving from 1961 until his assassination in , University of Illinois University of Illinois may refer to:
A trademark for Physicians' Desk Reference, a group of reference books containing drug listings, especially one for prescription drugs. PDR )); Baxter Healthcare, largest healthcare company in the world; Merck Pharmaceuticals; Roche Diagnostics, a division of Hoffman-LaRoche Pharmaceuticals; Health Care Systems Software; and Dade Behring, the largest clinical laboratory company in the world. "Datalink.net's wireless technology will be integrated with the Simkin's advanced software to create a unique mobile solution allowing the healthcare professional to improve a patient's drug therapy within the ambulatory as well as the institutional care setting," said Dr. Dan Robinson, Simkin Founder and President. Dr. Robinson began developing pharmaceutical software in 1977, which has led to over 80 publications and 10 copyrights on internationally marketed products. Simkin produces software for patient assessment, drug dosing in renal impairment, adverse drug reaction adverse drug reaction, n a detrimental outcome from a drug. Two types of ADRs exist: Type 1 results from dosage mismatch and Type 2 from rare conditions often as a consequence of a small dose. See also risk or sensitive type. reporting to the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. , drug usage evaluation for meeting Joint Commission of Accreditation of Healthcare Organizations Standards, and continuing education. The Simkin Drug Dosage Design program is the most widely used program of its kind in the world. For many years researchers have used it as the standard against which new products are compared. Simkin was purchased in a stock for stock transaction with a performance earn out. The firm is profitable, with meaningful recurring revenues. The earn out requires a growth in revenue of $12.5 million which will result in the issuance of 2.2% of Datalink.net's outstanding shares. In addition to his current duties as President of Simkin, Dr. Robinson serves as Professor of Pharmacy Practice and Medicine, and Associate Dean for Innovation, College of Pharmacy A college of pharmacy generally refers to a tertiary educational institution (or part of such an institution) which is involved in the education of future pharmacists and pharmaconomists. at the University of Florida. "Dr. Robinson is a prestigious addition to the Datalink.net management team," said LaPine, "I can not overemphasize the tremendous value Simkin and Dr. Robinson bring to Datalink.net and its shareholders." Datalink.net -- Where the Web Meets Wireless(TM) Datalink.net is a leading wireless application service provider (w-ASP) and infrastructure architect that delivers end-to-end wireless data solutions to enterprises and custom data applications to consumers. As today's premier provider of consumer wireless data, and the first to deliver real-time wireless financial information, Datalink.net has pioneered the development of wireless information technology. Today, Datalink.net enables a new generation of wireless devices that allow enterprises and consumers to customize, respond and interact with critical data. Its XpressLink(TM) platform is carrier independent as well as protocol and device agnostic. In conjunction with The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , Datalink.net developed Global market Pro(TM), a wireless application for traders and financial professionals. Through the Company's acquisition of Cross Communications, Datalink.net acquired customers including AOL, AT&T, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Citibank, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Motorola, Qualcomm and others. Datalink.net is based in San Jose, with research facilities in Vancouver, British Columbia and offices in Chicago and New York. For more information: http://www.datalink.net. This release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable it can give no assurance that such expectations and assumptions will prove to have been correct. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion