United States : Practice Fusion gets significant investment from Salesforce.com.Byline: Mamta03 Practice Fusion, a San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden software company that produces free electronic medical record and practice management software for physicians, has received a significant minority investment from Salesforce.com, the companies said Wednesday. Ryan Howard, Practice Fusion s 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. , told the San Francisco Business Times the investment was under $10 million, and makes Salesforce.com a minority shareholder in the startup, which is less than three years old. In addition, the Aug. 5 statement said Salesforce.com (NYSE NYSE See: New York Stock Exchange : CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) plans to offer Practice Fusion s patient health record on its Force.com "cloud computing" development platform by late this year. The companies did not disclose specific investment details. Howard started Practice Fusion in late 2006 with less than $1 million in funding, and as recently as April 2008 was on the prowl for $5 million in venture backing. At the time, he told the Business Times he was deeply engaged in discussions with unnamed VCs. Earlier efforts in 2007 and early 2008 to attract VC funding didn t prove fruitful, but the Salesforce deal apparently hit the spot. Practice Fusion is now backed by the enterprise cloud computing leader, Howard said in the statement, adding that Salesforce s technology, capital and leadership will help Practice Fusion grow and outpace competitors that he says are stuck with old-fashioned -- and expensive -- legacy client/server software technology. As of April 30, Salesforce said, it managed customer information for more than 59,000 customers including Allianz Commercial, Dell, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , Japan Post, Kaiser Permanente, KONE KONE Kites Over New England and SunTrust Banks. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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