Deal Finalized – Ortivus Division to TriTech

Finalizing a plan to draw back to its core business, Ortivus AB (Sweden) announced that the sale of its North American public safety software operation to privately-held TriTech Software Systems is now complete. In turn, TriTech said that its new acquisition will be called TriTech Emergency Medical Systems. Ortivus is a 25 year-old company that markets computer-based patient monitoring and decision-making support systems. In 2001 Ortibus purchased Sweet Computer Services Inc., a seminal company in the public safety software industry that was founded in 1978 in Iowa. Sweet marketed a full range of software for EMS operations, primarily to ambulance companies. After the purchase, the Iowa division became Ortivus North America, and continued selling billing, CAD, AVL, mapping, personnel tracking and patient care reporting software. Last year Ortibus AB said it wanted to, “focus even more on development and sale of mobile decision support for healthcare,” and put the U.S. division up for sale. In Feb. 2010 TriTech agreed buy the division, reportedly for $11.5 million. TriTech markets a full range of software for law enforcement, fire and EMS agencies. Last month both companies recently received stockholder approval for the deal. In a statement today, TriTech president Chris Maloney called the purchase, “a significant step for TriTech in our strategy to accelerate growth in the EMS market and reaffirms our long-standing commitment to the industry.” TriTech has posted questions and answers about the deal here (pdf).