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Biosign positions itself for growth: Strengthens the Board, secures debt financing & looks to acquire additional software assets

March 24, 2014

The Company is pursuing two parallel paths to growth: we are creating innovative proprietary solutions that disrupt incumbent players and at the same time we are acquiring synergistic assets that increase speed-to-market and deliver profits. Biosign continues to execute both these strategies by improving our patent-pending Pulsewave® technology while simultaneously integrating QCARE & ClinicServer with additional assets into a unique and compelling platform.

Under this strategy Biosign is participating in the Qualcomm Tricorder XPRIZE competition, a $10 million innovation contest to develop a Star Trek-like software system to record all 5 vital signs and independently diagnose 15 separate diseases. A 2012 study by Parks Associates ("Digitally Fit: Healthy Living and Connected Devices") predicts that more than 32 million US consumers will actively track their health & fitness online by 2016, up from about 15 million in 2011 (~100% growth). Revenue from online / mobile wellness service adoption will increase from $337 million in 2011 to more than $2.4 billion by 2016 (~700% growth), according to the study.

From the press release, "Biosign positions itself for growth: Strengthens the Board, secures debt financing & looks to acquire additional software assets."

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About Parks Associates

Biosign positions itself for growth: Strengthens the Board, secures debt financing & looks to acquire additional software assets

Previously In The News

OSP EXPO 2014: 70% of Pre-registered Attendees Have Purchasing Authority

Lively Reimagines Medical Alert Devices with New Safety Watch; Brings Relief to Families and Helps Seniors Stay Active and Independent

Nortek Security & Control Ships 1 Millionth Z-Wave Home Automation Device

Robust Platform Reduces Install Times and Enhances Network Statistics With 30 New Features

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