AIM-listed training systems provider NetDimensions has invested $3.5m to acquire talent management software provider eHealthcareIT, a provider of elearning and compliance software to the US healthcare market. It is an existing partner and reseller whose training content is already delivered via the NetDimensions Talent suite. The move marks another step in the international expansion of NetDimensions and strengthens its focus on highly regulated and compliance-driven industries. These moves are helping the company deliver more than creditable growth – its last trading update indicated that it ended the last financial year with a 10% lift in revenue taking it to £13.5m (see NetDimensions ends year on a strong top note).
The company has created the new NetDimensions Healthcare division on the back of the eHealthcareIT business. The division is tasked with providing solutions to the US and international healthcare markets - so the acquisition also marks the arrival of a new solution in the UK - and we can assume that this acquisition will not be an isolated development. The UK healthcare sector is in a period of change and as we said in UK Healthcare SITS Market Trends & Forecasts 2012, we expect best of breed software providers to gain market share. NetDimensions is positioning to be one of those who gains.