VTT Ventures sells its shares of Awanic Oy to Nordic Healthcare Group

17/06/2011

Nordic Healthcare Group (NHG) buys 40% of shares of Awanic Oy that develops safety and risk management solutions. The sellers include VTT Ventures Ltd and private owners.

Awanic Oy is known especially for its Haipro – system that reports, tracks and manages adverse events and potentially dangerous situations that have to do with patience security. It is widely used by both private and public sector users nationally.

According to the Managing Director of NHG Vesa Kämäräinen this deal will strengthen both NHG’s and Awanic’s position in the fast developing social and healthcare market.

- Enhancement of patient security is significant within social and healthcare organizations everyday quality management and its significance will be emphasized in the upcoming years. Together with Awanic we can offer our customers more extensive solutions in the areas of patience security and quality development comments Vesa Kämäräinen

- The commercialization of Haipro – system has been a model example of how a research based software has gained commercial acceptance fast and efficiently. Haipro – system has today over 79, 000 users within different social and healthcare units nationally. We are especially happy with the new owner which we believe will further strengthen Awanic’s growth in future, says CEO Antti Sinisalo from VTT Ventures LTD.

Nordic Healthcare Group (NHG) established in 2004 is a leading Nordic company specializing in healthcare and socia services service planning and development. The company’s business areas consist of quality validation services, benchmarking services and consulting. The company employs 50 experts based in Helsinki and Stockholm. More information: www.nhg.fi

VTT Ventures Ltd.’s mission is to focus on extracting value from VTT technology in developing VTT based high-tech companies with international growth potential. The company actively seeks talented and experienced entrepreneurs to champion the commercialization of its technology. VTT Ventures provides the entrepreneurs with professional business development support together with its public and private innovation partners to facilitate the spin-off process from business planning to funding. VTT Ventures co-invests in its spin-offs with private investors. VTT Ventures’s goal is to stimulate innovation in Finland and to receive a return on its pre-seed and seed capital investments. For more information: www.ventures.fi

VTT Ventures’s spin-off portfolio includes 20 technology companies.

 

 

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