From nurses’ shift planning to physician billing to electronic records, old and often expensive ways of healthcare administration are being challenged by entrepreneurs with new digital solutions. Deal Radar continues to navigate the maze of the American healthcare system, presenting companies working to cut its high costs so that more patients can be accommodated within it. Today we focus on Triveris, which offers value-based plans that try to tailor co-payments towards groups of patients. >>>
Today’s focus on Deal Radar is Kaltura, the first open source video platform for online video management, creation, interaction and collaboration. The New York-based company, whose development team is based in Israel, was founded by Ron Yekutiel, Dr. Shay David, Dr. Michal Tsur and Eran Etam in 2006. The founders felt that that there was no easy and low-cost way to collaborate in video and rich media online and formed Kaltura. >>>
Dealer.com is an automotive web solutions provider with over ten years of experience in the web space. They have created thousands of websites for over 8,500 automobile dealers and now also offer CRM and inventory management tools, regional website portals, search engine marketing lead management, video, mobile, metrics and web analytics to almost 45% of the US automotive retail market. >>>
VeraLight is a medical devices company that uses a breakthrough approach to address a critical issue in the diabetes market – detection of diabetes at the onset. Clinical studies have shown that the disease is treatable and, if detected early enough, preventable. Unfortunately, due to performance and procedural shortfalls with existing blood-based screening tests, diabetes isn’t detected until an average of seven years after its onset, thereby making screening to detect the US’s more than 6 million undiagnosed diabetics and 54 million pre-diabetics a serious national priority. >>>
We kick-start this week’s Deal Radar with the San Mateo, CA-based data warehousing company, Greenplum. Scott Yara and Luke Lonergan merged their two independent ventures to create Greenplum in 2003. The two saw that with the rise of the Internet, companies began to collect a thousand times more data than they did just a few years ago. At the time, the database and data warehousing market was controlled by the two leading proprietary, expensive, packaged software vendors, Oracle and Teradata. Yara and Lonergan saw that though traditional software solutions were sufficient when data volumes were relatively slow-growing, companies couldn’t afford to purchase enough traditional database software to keep up with the data deluge. >>>
Medsphere offers open source solutions for healthcare IT. In an industry that has been inundated with proprietary vendors who charge high prices for electronic health records, Medsphere aims to stand out by offering an affordable and proven electronic health records system. >>>
We continue our focus on enterprise open source in the context of service-oriented architecture (SOA) with San Francisco-based MuleSource. Founded in 2006 by Ross Mason, MuleSource is the leading open source SOA vendor. The company’s roots are in the Mule project, which Mason started in 2003 in response to his frustration with integration “donkey work” as an IT architect/practitioner at major financial institutions. He decided to create a platform that emphasized ease of development and re-use of components. MuleSource Inc. was created to support and enable the rapidly growing community using the project’s enterprise applications. >>>
This week, Deal Radar moves away from social media gaming and back to open source, this time with a focus on enterprise collaboration and service-oriented architecture, an area essential to the development of new ways of delivering software. MindTouch Deki, the flagship product of San Diego-based MindTouch, is an open source enterprise collaboration and community platform. This allows users to connect and remix enterprise systems, social tools and web services. >>>
We continue our focus on gaming applications for social networks with San Francisco-based Zynga. Founded in January 2007 by Mark Pincus, Zynga marries Pincus’s knowledge of social networks with his desire to create the next mass market video game phenomenon. Through his experience with Tribe Networks, which he founded in 2003, Pincus saw that the viral growth opportunity for games on social networks increased as these networks gained momentum. >>>
Deal Radar continues to present bootstrapped companies in the growing online gaming segment. Founded in 2007 Social Gaming Network (SGN) offers gaming applications exclusively for social networks. The company was spun off from Webs (formerly known as Freewebs) by founder Shervin Pishevar, who was also the founding president and COO of Webs. The idea for SGN came with the success of Warbook, a medieval role playing game for Facebook, at Webs. >>>
You read my Recession Entrepreneurship column on Friday focusing on business ideas that required little or no investment to build up. In this installment of the Deal Radar, we profile a company that has been able to build a $1 million-plus revenue stream in the field of social gaming without raising much financing. >>>
Today’s Deal Radar moves the spotlight from enterprise software and open source to a topic that has not made an appearance recently: online dating. Zoosk, a dating network, was founded by Alex Mehr and Shayan Zadeh. They had met as students at Sharif University of Technology, Iran, and reunited in January 2007 to start a company called Pollection. The idea behind Pollection was to leverage social media to enable quick and cost-effective market research for small and medium businesses by distributing polling widgets on blogs and social networks. Just as they were about to release the first version of their product, Facebook opened its platform to third-party developers. >>>
We have discussed India’s Innovation Gap at length recently. Here’s a company that is trying to innovate with the mobile phone as a way to get to people who are otherwise unreachable, even via the Internet. >>>
We continue our focus on businesses that have monetized open source and discuss another core business tool which is being remade as a web-based application: the spreadsheet, by San Francisco-based Extentech, a leading developer of Java components and development tools. Founded in 1999 by John McMahon and Nicholas Rab, Extentech started as a consulting and custom development firm. The ExtenXLS Java Spreadsheet SDK was created during a custom Java development engagement and quickly became the focus of the business. In 2001, following a discussion over lunch about Java spreadsheets, John was struck with a vision of a platform that would convert spreadsheets into instant secure web applications that could be built by anyone with spreadsheet skills, and ExtenXLS 360 was born. >>>
Open Xchange, an open source software company, aims to provide users with an affordable ‘Internet-age’ alternative to commercial email and collaboration platforms like Microsoft Exchange and SharePoint. The company offers features such as shared calendars, document sharing, shared address books and email for iPhones and BlackBerry devices. >>>