PM software maker ImproMed buys VETECH
Second acquisition for ImproMed within six months
January 16, 2010 (published)
ImproMed Inc., the world’s oldest veterinary practice-management software
company, announced Friday that it has acquired its former competitor
Ronald Detjen, president and CEO of ImproMed, based in Oshkosh,
Wisc., said the company will maintain VETECH’s office in Walnut Creek, Calif.,
and continue to support the software indefinitely for its nearly 1,000 clients.
He also said no employees will lose their jobs.
The acquisition of VETECH
comes less than six months since ImproMed bought Sunpoint Software, Inc., of
Windermere, Fla., which had just under 300 clients.
Detjen said the
expansions of giants in the industry puts pressure on companies such as his to
grow in likewise fashion. “Some of our competitors are part of billion-dollar
corporations,” he said.
VCA Antech, one of the largest corporations in
American veterinary medicine, for example, became the owner of VIA practice
management software last year when it purchased Eklin Medical Systems
Detjen said merging with or acquiring companies is a necessary
strategy for growth. “When you grow in an organic sense, one client at at time,
that’s good but it’s very expensive,” he said.
He added that ImproMed
intends to stick to its focus of veterinary practice software.
privately held company was founded in 1979. Detjen said ImproMed had about 4,000
clients before it absorbed VETECH and Sunpoint. He declined to say how much the
company paid for the acquisitions.
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