RECIFE, Brazil, Aug. 8, 2012 /PRNewswire/ -- MV Sistemas, Brazil's leading provider of core technology management systems for healthcare, announced that it received a minority equity investment from Insight Venture Partners. Financial terms of the transaction were not disclosed. The minority investment will help MV accelerate its growth strategy to expand the breadth of its product offering to healthcare providers, and to other markets in Latin America and beyond.
"The investment from Insight will help us to continue product innovation for our customers and help them address new market dynamics. It will also allow MV to pursue new opportunities globally," said Paulo Magnus, MV's Founder and President. "Insight fully supports MV's expansion plans domestically and internationally, particularly in Chile, Colombia and Mexico, and believes in the value our solutions offer both for-profit and government hospitals. As MV continues to grow, we expect Insight also to contribute to enhancing our corporate governance and controls to better support our acquisitions and international expansion."
MV is Brazil's leading provider of healthcare management systems, providing a full suite of back-office management capabilities and clinical software solutions, including HIS, EMR, RIS, LIS and PACS. SOUL MV, MV's flagship healthcare management product, provides comprehensive clinical and administrative functionality to networked and stand-alone health facilities that, among others, include state health departments, public and private hospitals, emergency units, family care centers and health insurance carriers. MV has more than 800 employees and is used by more than 200,000 active medical and administrative professionals across 500 healthcare institutions.
"For the last 25 years MV has invested heavily in building quality technology solutions, as evidenced by the strong benefits that patients and hospitals receive through better efficiencies," said Larry Handen, Managing Director at Insight Venture Partners, which is based in New York. "We are pleased to support MV's mission of helping to bring affordable and effective healthcare to Brazilians and communities everywhere."
MV is the leading Brazilian provider of healthcare management systems. Founded in 1987, MV has 25 years of history and is recognized as a market leader in innovation and excellence. Its flagship healthcare management product, SOUL MV, provides comprehensive clinical and administrative functionality to networked or stand-alone health facilities including state health departments, public and private hospitals, emergency unites, family care centers, health insurance carriers, and many others. Based in Recife with more than 800 employees around the country, MV clients include more than 500 health institutions representing more than 200,000 total active users.
About Insight Venture Partners
Insight Venture Partners is a leading private equity and venture capital firm focused on the global software, Internet and data-services industries. Founded in 1995 and based in New York City, Insight has raised more than $5 billion and made more than 150 technology-focused investments. Insight supports entrepreneurs with our financial capital, hands-on growth expertise and our network of technology and industry resources. www.insightpartners.com
SOURCE Insight Venture Partners