STOCKHOLM , Sweden . – November 4th, 2010 – ContextVision® (COV), the software imaging partner for the most recognized medical imaging manufacturers worldwide, today is pleased to announce that it has entered into a strategic collaboration with Neusoft Medical Systems Co., Ltd (Neusoft Medical, hereafter “NMS”), a leading provider of a broad range of medical equipment & IT solutions and healthcare services in China. NMS is a wholly-owned subsidiary of Neusoft Corporation, which is a leading IT solutions and services provider in China with revenue in excess of $600 million in 2009.
The strategic partnership is designed to allow for the two independent market leaders to pool their best-in-class expertise and technologies to bring out new, highly competitive software products to the expanding medical imaging marketplace. Initially, during the first year of collaboration, certain NMS imaging software modules will be modified and sold by ContextVision to OEM customers worldwide. Such products are complementary to COV’s current product offering. In a second step, it is expected that certain NMS’ imaging modalities and COV’s proprietary GOPView technology will be integrated into new industry leading products to reach the market by early 2012. Further, this partnership will lead to future joint products being developed.
“This agreement constitutes a first step to implementing our strategic plan to expand our product offering beyond image enhancement,” said Anita Tollstadius, CEO of ContextVision.
“A set of products will be developed together and, although we will have a period of investment, we expect our efforts to lead to substantial sales growth within three years. The agreement allows us to accelerate the development of new products with additional clinical and diagnostic value as we gain access to NMS’ demonstrated, significant product development capabilities. As a result of this strategic collaboration, we will also expand and invest in our sales and marketing organisation over the next 12 months. It is a transformational event, providing us with many opportunities, which I am very excited about and happy to be a part of”.
About Neusoft Medical Systems Co., Ltd
Neusoft Medial Systems Co., Ltd. (Neusoft Medical) is a wholly owned subsidiary of Neusoft Corporation, and a leading supplier of medical equipment & IT solutions and healthcare services in China. Its impressive portfolio comprises a full range of diagnostic imaging systems (including PET, CT, MRI, Digital X-Ray and Ultrasound systems) and medical IT solutions include PACS, HIS, LIS, EMR, RIS, Telemedicine and CAD (computer-aided diagnostic) software systems. For more information, please visit: http://medical.neusoft.com/en.
ContextVision is the leading independent developer in medical imaging enhancement, analysis and processing technologies, serving leading OEMs and distributors for more than 25 years. ContextVision’s proprietary GOP algorithm allows unprecedented image quality to be achieved by simultaneously enhancing fine structure while reducing noise and speckle across MRI, X-Ray, Ultrasound and CT image data.
ContextVision’s technology enables the company’s customers to provide superior digital imaging quality for hospitals and clinicians. Such solutions promise more rapid and accurate diagnoses, reduced operator eye fatigue, and ultimately, a greater return-on-investment for medical imaging users. ContextVision’s embedded imaging software is relied upon daily by thousands of users around the globe. For more information, please visit www.contextvision.com.
# # #