Clayton Associates’ FCA Venture Partners has placed $1.5 million with Catavolt Inc., an Atlanta-based mobile application software development company. Also in on the deal was angel investor and Clayton advisory board member George Salem, according to a statement.
Catavolt’s creation, dubbed Catavolt Extender, is a “hybrid cloud service” package that connects a client company’s enterprise data — large-scale blocks of information — to specified mobile phones in real time. To put it in the company's words: “The idea is to deliver mobile phone applications without the expensive need to develop proprietary software to process information on the client end. Catavolt's unique approach, based on its patent-pending Dual Model Architecture, enables organizations to rapidly create and deliver mobile applications to business users without the need for costly and traditionally resource-intensive software development projects.”
Mobile application software development has of late captured the interest of local investors. We reported just this week on the launching of Streamweaver, a split-screen mobile video application company initially funded by two TNInvestco participants, Mountain Group Capital’s Limestone Fund and the Tennessee Communities Venture Fund. Funding levels weren’t specified for either fund.
Rex Healthcare, a Raleigh, N.C.-based system of nonprofit health care facilities operating under the UNC Health Care banner, is “broadening its relationship with Passport Health Communications, Inc.,” according to a Sept. 4 release.
Rex is adding the Franklin-based company’s eCare NEXT software product to the myriad of other “revenue cycle solution” offerings from Passport the company already uses. eCare Next addresses a provider’s administrative process at the patient admission stage and will “automate front end workflow, including insurance eligibility and demographic verification, precertification, patient registration quality, and patient payment estimation,” the release reads.
“The financial health of our system impacts our ability to deliver quality care and improve outcomes for our patients,” said Joe Palumbo, Rex Healthcare’s director of patient access in the presser.
Rex also uses Passport’s PaymentSafe, an online bill payment technology. OrderRite is another one, a process for submitting and validating insurance precertifications. Both technologies are integrated with the eCare NEXT platform.
Chris Thompson and Will Green have secured more than $2 million from a handful of investors for their SplitSecnd car crash notification system. The company has filed a notice with the Securities and Exchange Commission; Milt Capps reports that TNInvestco fund Tennessee Community Ventures now owns a majority of the company launched some two years ago with the help of the JumpStart Foundry team.
Health care enterprise software company OnFocus has signed a contract to network the eight facilities under the umbrella of Orlando Health in Central Florida. The news comes two weeks after OnFocus execs said they had hooked up with hospital systems in Illinois and Pennsylvania.
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