Exco InTouch set for further growth and expansion following £3.2m
2 February 2015
Exco InTouch has announced that it has earmarked capital from the
£3.2 million raised from the company’s latest investment round to
fund further growth and expansion into healthcare markets in 2015.
The company plans to build on its 2014 achievements which have
set it on a course for further growth and new market entry in 2015.
Last year saw increased uptake of mobile ePRO, a trend that the
company expects to continue this year, and the successful launch
into the UK National Health Service of the Me&MyCOPD mHealth Program
— an initiative resulting from collaboration between Exco InTouch
Tim Davis, CEO and Founder at Exco InTouch, commented: “We look
forward to implementing the next phase of our company’s growth and
development strategy with strong confidence, especially as there is
such growing demand for our offering across the clinical and
healthcare markets. The investment that we continue to attract
reflects the success of our company to date and the exciting
prospects for the market sectors in which the business operates.”
He continued: “The latest funding will be used for the specific
purpose of scaling up and enhancing our platform to meet the
increased demand for patient engagement and eCOA whilst also
expanding our capabilities as we enter the ‘direct to payer’ market.
Exco InTouch has already established itself as a leading provider of
mobile healthcare solutions.
"This rapidly growing sector is being driven by the increasing
need to demonstrate actual benefits of medical treatments for
regulatory and reimbursement purposes. Consequently, our unique
offering leads the market in the use of patients’ own mobile
devices, reducing the cost for customers and improving user
Executive Chairman Dr Neil Rotherham commented, “The application
of mobile and digital technologies in the healthcare space is
already having a transformational impact. Indeed, we are only at the
beginning of a process which will see technology play a critically
important role in many aspects of health and wellness.
"Exco InTouch is very well placed to play a leading role in this
transition to technology enabled healthcare, having already
developed robust solutions that meet exacting regulatory and
validation requirements for services being used directly by
patients. The latest funding will allow our company to grow both the
scale and breadth of its solutions, enabling larger patient
populations to be served with richer functional content.
“Our aim it provide services that make a genuine and positive
difference to outcomes, whether this is in the broader healthcare
sector or within the clinical development environment.”