INFINITT Completes Acquisition of GNSK Co., Ltd.
With expanded solutions and service, INFINITT hopes to accelerate adoption of Electronic Medical Records in the global market
New York, NY (PRWEB) September 17, 2010
INFINITT, a global player in PACS, RIS and 3D visualization, recently acquired GNSK, a software developer based in Seoul, South Korea. The buyout, which became effective on September 8, 2010, will enable INFINITT to expand its product offerings in the healthcare information technology (IT) industry.
In September 2008, GNSK physically split from its parent company, ICM. Co.,Ltd., which was established in 1992. Before the division, ICM had secured first place in market share in healthcare IT in the Korean market, and was also very active in the Japanese market, exporting various Hospital Information Systems (HIS) and Electronic Medical Record (EMR) solutions to Japanese medical facilites. Currently, GNSK has 114 customers in Korea and about 100 customers in Japan. GNSK generated approximately 5.8 million dollars in revenue in 2009.
The acquisition of GNSK will enable INFINITT to broaden its business scope into the field of HIS and EMR. INFINITT’s core product – PACS acquires, displays, distributes and stores medical images, and is closely linked with Radiology and Hospital Information Systems. Through its partnership in R&D, INFINITT and GNSK will move into the development of next generation EMRs to help hospitals streamline operations, reduce medical errors and costs, and improve the overall quality of patient care.
“INFINITT and GNSK have complementary product lines,” said Sun Joo Lee, Chief Executive Officer of INFINITT. “Our newly expanded healthcare IT product line will enable healthcare providers to implement a comprehensive EMR with powerful capabilities and tools to help physicians diagnose and treat disease earlier than ever before.”
INFINITT will also improve service to GNSK customers; expand its global sales network in Korea, MEA, Central Asia and USA; and strengthen its business ties in Japan, where the company already has an established sales network.
INFINITT also has Xeron Healthcare Corporation as one of its subsidiaries, specializing in research and development in the field of Personal Health Records (PHRs) and Mobile U-health solutions.