Intelerad Medical Systems has acquired the U.S. private cloud business, Radius.
The Montreal manufacturer, which develops enterprise workflow solutions, claims that the addition of the Tennessee-based Radius provides it with a flexible approach for managing services and allows it to offer hybrid cloud solutions.
“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, in a statement. “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.”
The Radius cloud platform is expected to provide Intelerad customers with greater flexibility that enables long-term storage and cloud-based PACS, as well as capacity on demand and disaster recovery.
Radius was established in 2009 and services 15 US-based providers that also rely on Intelerad services and technology. It offers private and public cloud hosting and enterprise storage, along with in-house expertise and capabilities in enterprise imaging solutions and data center operations. The integration of its HIPAA- and SOC2-compliant solutions is expected to enhance Intelerad’s nuage cloud offering and expand its managed service capabilities.
“As a customer of Radius for many years, and recently migrating to Intelerad for our PACS solution, we can attest to their strong customer focus and leading expertise,” said David Castleberry, CEO from South Georgia Radiology Associates, in a statement. “Both Intelerad’s workflow solutions and Radius’ radiology cloud platform have proved to be essential tools in improving our practice’s efficiency.”
The deal comes just months after U.K.-based investment firm, Hg Capital acquired a majority stake in Intelerad
Intelerad did not respond for comment.
Financial details were not disclosed.