NetDimensions advances on acquisition of eHealthcareIT

NetDimensions, provider of professional learning services, has acquired eHealthcareIT for 3.5m dollars to strengthen its position in talent management solutions.

eHealthcareIT specialises in providing e-learning and compliance solutions to the US healthcare market

Its training content is delivered via the NetDimensions Talent Suite to small and large hospitals. The company has been a partner and reseller of the NetDimensions Talent Suite platform for the past six years.

The consideration for the acquisition includes $2.5m in cash and $1.0m in stocks.

The eHealthcareIT business will be renamed NetDimensions Healthcare as a division of NetDimensions to provide talent, learning, and compliance management solutions specifically to the healthcare market across the globe.

"The acquisition of eHealthcareIT is giving us a very strong foothold into the US healthcare market and a great opportunity to grow this business very quickly at a global scale by leveraging our worldwide presence, established sales force, and expanding product portfolio," Chief Financial Officer Matthew Chaloner.

"We have been working closely with the eHealthcareIT team for over six years and we are confident we will be able to integrate their business within NetDimensions at a rapid pace."

Shares climbed 3.57% to 43.50p at 15:59 Friday.

RD