LINCOLN, NE – January 8, 2016 – TELCOR Inc, the leader in software solutions for point of care and laboratory billing, announced today it has received a growth equity investment from Accel-KKR, a leading technology-focused private equity firm. The new partnership will enable TELCOR to make continued investments in its existing product portfolio, new product innovation and market expansion. Terms of the investment were not disclosed.
Founded in 1995 by Becky Clarke, Deb Larson and Jim Terrano, TELCOR develops leading health care software used by hospitals, laboratories and medical offices. TELCOR offers two core product lines: a software solution for point of care testing and a cloud-based solution for laboratory billing and revenue cycle management.
“For more than 20 years, TELCOR has found success by listening to our customers and developing market leading products that serve their needs,” said Jim Terrano, CEO of TELCOR. “We are excited to be partnering with Accel-KKR. This partnership validates our strategy and future expansion and positions us to capitalize on the growth opportunities in the market.”
“TELCOR has all the characteristics that Accel-KKR looks for in an investment: an industry-leading technology platform, a superior service delivery platform, proven market leadership demonstrated by a world-class client base and a world class management team,” said Tom Barnds, Managing Director at Accel-KKR.
“We look forward to working with Deb, Becky and Jim and their team to continue to build a market leader in the laboratory software market,” added Dean Jacobson, Managing Director at Accel-KKR.
About Accel-KKR
Accel-KKR is a technology-focused investment firm with $4.0 billion in capital commitments to its current funds. The firm invests in software and IT enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions from minority-growth investments to buyouts, recapitalizations, divisional carve-outs and going-private transactions. The firm has offices in Menlo Park, Atlanta and London. For more information, please visit www.accel-kkr.com.
About TELCOR Inc
TELCOR is an industry leader in the laboratory revenue cycle management and point of care testing markets, providing unparalleled health care software products and services, and exceptional customer support. Our proven implementations are performed by clinically experienced, IT knowledgeable resources who understand each customer’s unique environment. For more information, please visit www.telcor.com.