Enovation strengthens its market position with the acquisition of patient portal and mobile app provider Funatic. This strategic addition enhances Enovation’s product offering and strengthens its position as a leading international SaaS provider for healthcare in Europe. The company, which has been backed by software investor Main Capital Partners since 2018, makes its seventh acquisition with Funatic.
Funatic delivers user-friendly patient portals and mobile apps in the visual identity of a healthcare institution. Available information from the personal health record (PHR) is offered in an accessible, manageable and tailored way and enriched with information from the hospital website and various other eHealth applications. In fact, Funatic offers a digital front door for healthcare institutions. By adding Funatic to the Enovation Group, healthcare institutions can be served by one party for a wider spectrum of services. At the moment Funatic mainly serves hospitals in the Netherlands. Enovation will offer Funatic’s services to a much broader target group. With Enovation’s international network it is obvious that the focus will also lie on offering Funatic services abroad.
Jeroen van Rijswijk, CEO of Enovation:
“We are very happy with the addition of Funatic to our platform. The link of products like Enovation myhealthConnect and Enovation XDS with Funatic’s patient portal as digital front door to the patient has already proven to be a successful combination at several hospitals. This acquisition will strengthen our position in the market and enable us to serve our common customer base even better. Funatic fits seamlessly into our ambition to contribute to collaboration and digital healthcare.”
Bert Mooij, Director Funatic:
“Being part of the Enovation platform ensures that Funatic can offer its solutions to a larger group of healthcare institutions at home and abroad at an accelerated pace. This combination also increases Funatic’s strength in the field of product development, cloud services, security, 24×7 support and data exchange, so we can create more value for our customers and of course for the patients who use our applications on a daily basis.”
Enovation, after acquiring Funatic, has more than 290 employees in 13 offices and operates in 19 countries. The Enovation Group has a strong R&D capability focused on improving the current product offering to create innovative solutions for the healthcare market and the (semi-)public sector. Enovation aims to continuously increase the added value for its customers. In both its organic growth strategy and its buy-and-build approach, the company is looking for ways to strategically strengthen its product offering and market position, with the aim of further positioning itself as a leading European Connected Care provider.
Enovation helps healthcare organisations to collaborate better and to improve digital care for patients. For more than 35 years Enovation is the specialist for connected care solutions. Enovation focuses on facilitating the exchange of information between and within healthcare institutions and between healthcare institutions and clients. The solutions are based on (international) standards and connect seamlessly with existing IT systems and processes of healthcare institutions.
Since its founding in 2006, Funatic has had one mission: building software that matters. Funatic enables healthcare institutions to give their patients online access to their medical data through a secure patient portal or mobile app. Because of its integrated approach, Funatic searches for connections with existing websites, PHRs and other healthcare applications. This creates one digital platform with the identity of the institution that supports the digital patient journey in a safe and user-friendly manner.
Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH and the Nordics. Main has almost 20 years of experience in strengthening software companies and works closely together with management teams of its portfolio companies as a strategic partner, in order to realise sustainable growth and build excellent software groups. Main counts over 50 employees and has offices in The Hague, Stockholm and Düsseldorf. As of October 2021, Main has over EUR2.2 billion of assets under management. Main has invested in more than 130 software companies to date. These companies have approximately 5,000 employees. The current active portfolio consists of 35 software groups with over EUR 600 million in combined revenues.
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