York Angel’s invested $4.42M in Dapasoft in the summer of 2015, when the revenue was $9 Million. That YAI investment was used to develop a cloud product which went to market late last year. Dapasoft, with the merger announced today, employs over 150 individuals in North America, and is achieving revenue of over $25 Million. Congratulations Dapasoft and we are excited for the next chapter.
Dapasoft and iSecurity Announce Business Combination Agreement
Agreement provides complementary capabilities to enhance and strengthen client offerings
TORONTO, ON – March 5, 2019 – Dapasoft Inc., a leading provider of healthcare interoperability and custom cloud solutions, and iSecurity Inc., a leader in cybersecurity consulting, enterprise architecture, cloud infrastructure security and advanced threat detection managed services have agreed to merge to combine business strengths and complement each other’s technology offerings and expertise. Both companies will continue to operate individually in their respective areas of expertise.
This move will benefit customers looking for a highly secure cloud integration platform and offer cybersecurity along with DevSecOps advisory and managed services to customers across multiple industry verticals. Together, Dapasoft and iSecurity will collaborate on evolving Dapasoft’s premier product, Corolar Cloud, and on developing a combined product strategy for future offerings.
“Healthcare is a highly regulated and complex vertical. The extended capabilities iSecurity brings to the table will benefit our customers as technology and compliance requirements continue to change,” said Michael Lonsway, President, Dapasoft. “Together we offer the industry a unique, full-service offering for cloud migration, cloud infrastructure, cloud management, and cloud privacy and security solutions.”
Dapasoft and iSecurity will strengthen their portfolios and offerings by providing additional cybersecurity and DevSecOps services to North American healthcare providers and payers, while iSecurity continues to expand and serve clients across verticals including finance, critical infrastructure, retail, and healthcare.
“Joining with Dapasoft gives iSecurity and our customers the best of both worlds, extending our reach and bolstering our bench strength. The Dapasoft team provides access to expertise in cloud development and artificial intelligence, while we develop advanced threat detection solutions in cybersecurity,” said Kees Pouw, Partner, iSecurity.
“Protection of information assets is a key concern for many organizations as the threat landscape evolves,” said Raheel Qureshi, Partner, iSecurity. “We’ve partnered with Dapasoft on many successful engagements already, and share a vision and a passion for providing exceptional expertise to our clients.”
Headquartered in Toronto, Ontario, Dapasoft is pioneering the future of healthcare apps and data interoperability. Dapasoft’s healthcare iPaaS on Azure enables legacy health IT systems and independent SaaS apps to work together seamlessly, improving quality and cost of care. Its iPaaS has pre-built and highly customizable adapters ideal for easily building and quickly deploying custom healthcare integrations. Dapasoft is trusted by numerous healthcare providers, payors, and app developers across North America to power their businesses every day, integrating a wide variety of clinical, EHR, CRM, and health analytics systems. Dapasoft brings over 12 years of healthcare integration expertise on HL7, C-CDA, FHIR, focused on bolstering its customers’ business quickly and cost effectively in the cloud, on-premises, or a hybrid environment. www.dapasoft.com
iSecurity specializes in providing privacy and security consulting as well as advisory services for clients across North America. Experts in cybersecurity, risk management, enterprise security architecture, critical infrastructure and engineering, product security, and security solution deployment serving multiple industry domains, the iSecurity team is comprised of senior and fully accredited (CISSP, CICA, CISM, SABSA) cybersecurity advisors with experience in multiple verticals including healthcare, transportation, defense and security, critical infrastructure, aerospace, retail, and media communications. www.isecurityconsulting.com
Jijesh Devan, Dapasoft
416-846-4080 x 1070