Voalte Receives $6 Million in Strategic Investments

Funding led by major healthcare technology company and healthcare system

SARASOTA, Fla. (Oct. 9, 2012) – Voalte, a leader in clinical communications technology at the point of care, announced the company completed $6 million in new Preferred B funding from strategic partners led by a healthcare information technology leader and a major healthcare system. Per terms of the agreement, names of the strategic partners were not disclosed.

The funding boosts Voalte’s core business areas and enables the company to expand operations. Voalte plans on expanding by creating an additional 100 jobs, growing from 50 to 150 employees over the next 18 months. The company also plans to increase work with development partners to enhance its clinical communications solution and introduce additions to its product line.

“This funding will allow us to continue to develop the next generation of clinical communications solutions,” said Voalte CEO Rob Campbell. “With the addition of these partners, we strengthen our ability to empower healthcare professionals to improve communications, ensure patient safety and raise satisfaction.”

The funding from strategic partners follows a $250,000 grant Voalte received in 2011 from the Sarasota Economic Development Council to create 50 new jobs over three years and expand facilities.

Launched in 2009, Voalte provides clinical communications solutions to healthcare institutions through its innovative smartphone solution that allows nurses and clinicians to communicate directly through voice, alarms, and text. Voalte deploys more smartphones in hospitals than any other company and is used in leading institutions such as Massachusetts General, Cedars-Sinai, Texas Children’s Hospital and Ann and Robert H. Laurie Children’s Hospital of Chicago.

“We began three years ago when institutions were hesitant to embrace the new technology,” said Campbell. “Our growth during that time demonstrates the increasing demand for mobile solutions in healthcare. To date, we have over 20,000 clinical users and over 5,000 iPhones successfully deployed in hospitals nationwide. Our goal is to continue that growth and continue to fill those needs and demands.”

About Voalte

Voalte is the only company to provide a fully integrated and dependable clinical communications system that health care professionals want, enjoy and effectively use. Voalte products are designed to be intuitive, high value, mission critical applications running on the latest generation of touch-based smartphones. For more information, visit www.Voalte.com or call 941.312.2830.