With the goal of bringing its health collaboration platform to the next level, software maker TigerConnect, Inc. has scored a $300 million growth investment from Vista Equity Partners. Santa Monica, California-based TigerConnect has built up an impressive suite of HIPAA-compliant software tools as well as cloud-based clinical communication and collaboration solutions used by more than 7,000 healthcare organizations and 700,000 caregivers. Its proven results for care team communication improvement and cost reduction caught the eye of Vista Equity Partners, which typically invests in enterprise software and tech-enabled organizations.
TigerConnect Co-Founder and Chief Executive Officer Brad Brooks indicated that the company plans to move the money into its own investment in future products for clinical collaboration. There is also the potential for the acquisition of other companies, as their solutions could help fill out TigerConnect's software suite.
Brooks said that the desire for hospitals to be more efficient and better serve their patients during the COVID-19 pandemic has made the platform's user number more than double. He hopes the momentum will continue, and with the financial support from Vista Equity, TigerConnect will be connecting even more medical professionals so they can in turn revitalize patient care efforts.