Insight Venture Partners invests in CentralReach
Investment will catalyze further expansion of CentralReach's electronic health record and practice management software offerings in the applied behavioral analysis ecosystem
Feb 16, 2018, 07:30 ET
POMPANO BEACH, Fla., Feb. 16, 2018 /PRNewswire/ -- CentralReach, the premier provider of electronic health record and practice management software for clinics focused on applied behavioral analysis (ABA) and speech therapy, has received a significant investment from Insight Venture Partners ("Insight"), a leading global venture capital and private equity firm focused on high-growth software, internet and data service companies. The Insight investment will allow CentralReach to continue to expand its product capabilities and to accelerate growth.
Headquartered in Pompano Beach, Florida, CentralReach was founded in 2012 and initially delivered powerful software to help ABA clinics treat patients with autism. The self-funded company has grown significantly since inception and increased sales by over 65% in 2017. CentralReach serves over 500 customers and employs over 100 team members.
The product portfolio has expanded to cover speech therapy, PK-12 education, and occupational therapy, and includes software capabilities that manage the clinical data collection process, learning management for clinicians, as well as clinic operations such as billing, human resources, analytics, and scheduling. CentralReach also provides a marketplace in which clinicians can share lessons, assessments, and other materials. The software is delivered via the cloud and includes both web-based access and an immersive mobile application.
"I am thrilled to have Insight Venture Partners join forces with our CentralReach family! Insight's depth of experience in scaling software businesses will help CentralReach to continue our relentless effort in revolutionizing disability care technology," said CEO and Co-Founder Charlotte Fudge. "The support that Insight can bring to bear will allow us to continue to enhance our software, empowering our current and future therapists and educator users."
"With 24 of every 1000 children diagnosed with autism each year and 39 additional states enacting autism coverage reform laws since 2008, there is a critical need for best-in-class software to manage the care process," said Richard Wells, Managing Director at Insight Venture Partners. "The company's accelerating growth will benefit therapists, educators, and patients, and we couldn't be more excited to welcome CentralReach to the Insight portfolio."
About CentralReach
CentralReach is the leading EHR and practice management solution for clinicians focused on applied behavioral analysis, multi-specialty, occupational therapy, speech therapy, and PK-12. CentralReach is the only end to end solution in the market that integrates clinical data collection, practice management, and a marketplace product for these audiences. CentralReach is headquartered in Pompano Beach, Florida.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.
SOURCE Insight Venture Partners