InterSystems Corp., Cambridge, Mass., said it has acquired TrakHealth, an Australia-based application partner of InterSystems since 1991. Financial terms of the transaction were not disclosed, according to a spokeswoman for InterSystems. TrakHealth develops and markets TrakCare, a Web-based health information system deployed in 25 countries. InterSystems said TrakHealth will operate as an independent subsidiary and have its own sales force. Privately held InterSystems, which has offices in 22 countries, provides database and integration software.
Terry Ragon, chief executive officer at InterSystems, said in a news release that the transaction will increase the company's global prominence and open up new sales opportunities in international markets. "TrakHealth's success in Asia and Latin America will enable InterSystems to accelerate our growth in emerging markets which hold over 70% of the world's population," Ragon said in the release.
InterSystems' product line includes Cachea high-performance object databaseand InterSystems Ensemble rapid integration platform. Both products are used in hospitals worldwide, including all U.S. Veterans Affairs Department and U.S. Defense Department hospitals and the Kaiser Permanente network, according to InterSystems.