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On 31 October 2007, IBA completed acquisition of iSOFT.
On 31 October 2007, IBA completed acquisition of iSOFT.

==Software problems==
iSOFT's flagship product LORENZO has been dogged by a number of issues mainly centred on delays to delivery schedules <ref>{{cite web|url=http://www.e-health-insider.com/News/3869/lorenzo_slipped_'months_ago'_say_reports|title=Lorenzo slipped 'months ago' say reports|publisher=e-Health-Insider|first=Joe|last=Fernandez|date=[[19 June]] [[2008]]}}</ref> and questions over its suitability for the purpose it was intended <ref>{{cite web|url=http://www.e-health-insider.com/News/2080/'no_believable_plan'_for_completion_of_isoft_lorenzo|title='No believable plan' for completion of iSoft Lorenzo|publisher=e-Health-Insider|date=[[21 August]] [[2006]]}}</ref><ref>{{cite web |url=http://www.silicon.com/publicsector/0,3800010403,39161655,00.htm|title="No believable plan" for key NHS IT software|publisher=silicon.com|first=Andy|last=McCue|date=[[21 August]] [[2006]]}}</ref> . As a result of continuous delays and quality issues, [[Singhealth]], one of iSOFT's three early adopters abandoned plans to wait for delivery of LORENZO and opted to return to i.Clinical Manager's heritage product and deployed Sunrise Clinical Manager from Eclipsys instead.


==iSOFT History==
==iSOFT History==

Revision as of 08:47, 17 August 2009

iSOFT
IndustryHealthcare IT
Founded1994
ProductsHealthcare Software Applications
Website[1]

iSOFT is an international supplier of software applications for the healthcare sector. Its products are used by an estimated 8,000 organisations in 27 countries for managing patient information and healthcare services. Its headquarters are in Sydney, Australia.

iSOFT was founded in 1994 as a business group within accounting group, KPMG and bought out of the Group in 1996. In 2000, iSOFT had a successful listing on the London Stock Exchange having acquired market share by acquiring products from hospitals such as PiMS (now called i.PM) from Great Ormond Street Hospital, and from other companies such as Eclipsys (where it acquired the international rights to Sunrise Clinical Manager and renamed it to i.Clinical Manager).[citation needed] From 2002 to 2006 it was a subcontractor to Accenture and Computer Sciences Corporation to supply systems for the National Health Service's National Programme for IT (NPfIT) until an accountancy scandal caused its market standing to collapse and Accenture to withdraw from its government contract.[1][citation needed] iSOFT became part of the IBA Health Group following a merger completed in October 2007. The IBA Health Group has since changed its name to iSOFT Group to build on the goodwill associated with one of the world’s leading health IT brands, iSOFT

Sale of company

In October 2006 iSOFT put itself up for sale.[2]

On 23 January 2007, the sale of iSOFT started to move forward, with three companies being shortlisted as bidders for the company. The Times newspaper listed U.S. healthcare IT providers Cerner and McKesson Corporation, as well as U.S. private equity company General Atlantic as the three companies looking at a package of around £200m to purchase iSOFT.

On 16 May 2007, iSOFT announced its recommendation to accept a merger with Australian company IBA Health in an all-stock deal. [3]

On 6 June 2007, Computer Sciences Corporation said it was not excluding the possibility of a CSC bid for iSOFT.

On 6 July 2007, iSOFT shareholders voted in favour of the IBA Health offer.

On 20 July 2007, CompuGROUP made an eleventh hour offer. iSOFT directors considered this proposal and concluded that the offer represented better value to iSOFT shareholders than the IBA offer. More details here.

On 21 August 2007, IBA made a revised offer and the iSOFT board recommended acceptance by shareholders. CompuGROUP said in response that it would not be increasing its own offer.

On 31 October 2007, IBA completed acquisition of iSOFT.

iSOFT History

2007 [IBA Health Group merger]

2006 [Disposal of Swiss operations]

2005 [Acquisition of Novasoft Sanidad S.A.]

2004 [World-wide strategic alliance with Microsoft][Two principal contracts entered into to deliver software and services as part of the National Programme for IT (NPfIT) in England]

2003 [Merger with Torex plc]

2002 [Acquisition of Revive Group Limited][Acquisition of Paramedical Pty Limited][Acquisition of healthcare business of Northgate Information Solutions plc][Microsoft global launch partner, and the only European software partner for the Windows XP Tablet PC launch]

2001 [Dedicated offshore development business established in Chennai, India][Acquisition of ACT Medisys Limited][Acquisition of Eclipsys Limited and Eclipsys Pty Limited]

2000 [Full listing on London Stock Exchange]

1999 [Only Microsoft SQL Server 7.0 launch partner in UK health][Acquisition of CSC’s Australian healthcare systems business]

1998 [Management buy-out by senior executives to create iSOFT]

1994 [Healthcare information systems business founded within KPMG]

See also

References

  1. ^ Mayer, David (28 September 2006). "iSoft was central to Accenture's NHS pull-out". ZDNet. {{cite news}}: Check date values in: |date= (help)
  2. ^ Cite error: The named reference guardianmemorandum was invoked but never defined (see the help page).
  3. ^ iSOFT board approves IBA Health takeover
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