Imaging software provider Intelerad has acquired private cloud platform company Radius, the pair announced Aug. 5.
The move builds upon the Montreal-based tech company’s cloud-based imaging strategy and allows Intelerad to provide a flexible approach to managed services and a hybrid cloud solution to providers.
Radius first came onto the scene in 2009 as a private and public cloud hosting and enterprise storage company. The Nashville, Tennessee-based firm shares 15 U.S.-based clients with Intelerad.
“By adding the Radius cloud platform and solutions to its offering, Intelerad continues its focus on becoming a true one stop shop, whether clients are looking to outsource their IT management or simply do not have dedicated IT resources,” said Paul Lepage, president and CEO of Intelerad. “This expanded offering addresses the changes that are happening in the market right now and provides our clients with increased business resiliency, while offering the same elasticity for the cost of managed services that our fee per study model already allows for their diagnostic software.”
Intelerad did not disclose the terms of the agreement.
Earlier this year, London-based investment firm Hg Capital acquired a majority stake in Intelerad, spending between $500 and $550 million. At the time of the deal, Lepage said the company was looking for a partner and there were no planned changes to management or employee structure.
Matt joined Chicago’s TriMed team in 2018 covering all areas of health imaging after two years reporting on the hospital field. He holds a bachelor’s in English from UIC, and enjoys a good cup of coffee and an interesting documentary.