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Battery Ventures announced it has purchased Data Innovations, the worldwide leader in clinical laboratory middleware software, the transaction will enable Data Innovations to build upon its customer-centric focus.

Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, announced it has purchased Data Innovations, the worldwide leader in clinical laboratory middleware software. The transaction will enable Data Innovations to build upon its customer-centric focus, drive continued organic growth into new and existing market segments, and pursue acquisition opportunities.

Established in 1989, Data Innovations currently has over 6,500 systems in more than 65 countries around the world. The company’s solutions – Instrument Manager, Laboratory Manager and EP Evaluator – are mission critical products for the clinical laboratory.

“Data Innovations is a world-class company with market leading products and a thriving customer base,” said Dave Tabors, General Partner, Battery Ventures. “We look forward to working with Mike and the team to help position Data Innovation’s clients and the company for future success.”

Mike Epplen is an experienced healthcare software executive with more than 17 years of technical, operational and sales experience in a variety of sectors. He joins Data Innovations from Lawson where he served as Vice President, Product Management. Mike arrived at Lawson through its acquisition of Healthvision where he was responsible for sales, marketing and product management.

“I am excited to join the Data Innovations team and I’m pleased to step in to lead the company’s next phase of growth,” said Epplen. “We have a very strong position and an established reputation in the market. Data Innovations will continue to invest in product development to both enhance our current product suite and deliver the innovative solutions that are required to compete in the 21st century economy.”

“Our acquisition of Data Innovations is an endorsement of Battery’s commitment to the healthcare technology sector and represents the firm’s third acquisition in the space in the last three years,” added Chelsea Stoner, Vice President, Battery Ventures. Battery’s recent healthcare IT experience includes Brightree, a SaaS solution for the Durable Medical Equipment (DME) market, and Healthvision, a software provider to hospitals, which was acquired by Lawson Software in January 2010.

In conjunction with the purchase, Battery Ventures’ Dave Tabors and Chelsea Stoner, and new CEO Mike Epplen join Data Innovation’s Board of Directors. Terms of the transaction were not disclosed.

Source: Battery Ventures