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    • Voalte Platform
      • Voalte Platform Overview
        A solid foundation for communication that scales along with your healthcare enterprise. Learn more.
      • collaboration-tiny1Collaboration Solutions
        Streamline communication between caregivers inside and outside the hospital.
        • Voalte Platform
        • Voalte One
        • Voalte Me
        • Voalte Messenger
      • management-tinyManagement Solutions
        Manage smartphones and applications from any location, any time, anywhere.
        • Voalte Admin
        • Voalte Connect
      • analytics-tinyAnalytics Solutions
        Gain insight into the use of communication systems, clinical workflows and audit data.
        • Voalte Insight
        • Voalte Reporting Database
      • integration-tinyIntegration Solutions
        Tie together multiple systems for interoperability today and into the future.
        • Alert Integration Gateway
        • Voalte APIs and SDKs
    • Services & Support
      • Support Overview
        Our experts stick with you through every step of your communication upgrade. Learn more.
      • clinical-support1-150×150Clinical Workflow Solutions
        Our clinical team helps optimize caregiver communication with effective workflow changes.

        Learn more.
      • professional-services1-150×150Professional Services
        We support our customers from clinical workflow assessment through up-to-the-minute troubleshooting.

        Learn more.
      • maintenance-support1-150×150Maintenance & Support
        Our 24/7 remote monitoring and support ensures your systems are always up and running smoothly.

        Learn more.
    • Resources
      • Resources Overview
        Rely on solid statistics, real-world examples, and the latest research to inform your important decisions. Learn more.
      • case-studies-150×150Case Studies
      • whitepapers-150×150White Papers
      • infographics-150×150Infographics
      • webinars2-150×150Webinars
      • newsletters-150×150Newsletters
      • interactive-150×150Interactive
      • kits-150×150Kits
    • Blog
      • Latest Posts
        The Voalte blog is the best place for industry news and thought leader reviews. See all posts.
        • Woman hand using mobile phone, Worldwide connection technology interface.Texting that’s simple and secure.April 17, 2018
        • Empty corridor  in modern office buildingModern facilities are held back by old communication tools.April 11, 2018
        • women patient hand holding to handrail in hospitalInternal care coordination is named a top patient safety issue.April 3, 2018
        • Candice Lightning SessionClinical communication moves to the forefront.March 20, 2018
    • About Us
      • about-us-150×150Our Company
        We reimagine healthcare communication to bridge the gap between technology and care.

        Learn more.
      • careers-150×150Careers
        Join a team that's dedicated to improving healthcare communication.

        Find your dream job.
      • press-150×150Press & News
        Stay in the know about company news and industry-related events.

        Voalte in the news.
      • customers-150×150Customers
        Voalte has attracted the most innovative healthcare providers in the country.

        See our customers.

$36 Million Investment Solidifies Market Leadership Position for Voalte

February 21, 2014Naila Maroon

Leading Healthcare Technology Company Transforms Caregiver Communication with Its Mobile Communication Strategy

SARASOTA, Fla (Feb. 21, 2014) Voalte, the leader in healthcare communication technology, today announced a major infusion of capital with $36 million in Series C funding led by Bedford Funding, a leading technology-focused private equity firm. The investment marks a significant milestone not only for Voalte but also for the evolving mobile health industry, which is poised to grow to over $10.2 billion by 2018, according to some market estimates.

“The value of smartphones in healthcare is undeniable,” said Trey Lauderdale, Co-Founder and President of Voalte. “We are thrilled to work with Bedford Funding to deliver solutions that will accelerate market growth, transform the way caregivers communicate and improve patient care. This investment also provides us with the resources to grow our company, further expand our engineering team, and build out our services and support.”

Voalte was founded five years ago in Sarasota, Florida. In 2013, Voalte nearly tripled in size and moved to a new facility in Sarasota to accommodate its rapid expansion. The 130-employee company develops smartphone communication alternatives to help improve care coordination. Voalte One™, the company’s premier application, is used by more than 35,000 caregivers in top-ranked healthcare facilities such as Massachusetts General Hospital, Cedars-Sinai Medical Center, TIRR Memorial Hermann and Lurie Children’s Hospital.

“We have signed contracts with large medical centers in major metropolitan areas as well as small community hospitals in areas as remote as Barrow, Alaska,” said Lauderdale. “And we still have hundreds of thousands of pagers, badges and legacy VoIP phones to replace in hospitals throughout the country. As the only provider of a complete Mobile Communication Strategy, we are confident that our smartphone-based platform will revolutionize the healthcare communication industry.

With its three-part Mobile Communication Strategy, Voalte provides the infrastructure that enables care teams to communicate inside and outside the hospital, and connect with existing and future technologies. Using this approach, Voalte users can communicate via voice calls, receive alarms and alerts directly to their smartphones, and send and receive text messages securely. Voalte smartphones also can integrate with a hospital’s electronic medical record (EMR) system and act as a scanner to facilitate barcode medication administration.

“We are delighted to invest in the future development of an organization that has implemented clinical communication solutions for improved patient care in some of the most prestigious hospitals in the country,” said Charles Jones, Managing Partner at Bedford Funding.

Bedford Funding specializes in information technology investment opportunities in the healthcare and human capital management markets. This new partnership between Voalte and Bedford Funding is an indication of the increasing demand for smartphones at the point of care, and will provide Voalte with the resources it needs to transform the evolving market.

Raymond James Health Care Investment Banking Group served as exclusive financial advisor to Voalte in the transaction. Barnett Bolt Kirkwood Long & McBride P.A. acted as legal counsel to Voalte. Goodwin Procter LLP acted as legal counsel to Bedford Funding.

About Bedford Funding

Bedford Funding is a private equity firm providing $1.4 billion in long-term capital to businesses in growing technology sectors with experienced industry focus in the growing healthcare IT sector. Bedford’s team has extensive operating backgrounds providing a keen understanding of the opportunities inherent in technology enterprises. Bedford Funding was founded in 2006 with the launch of its initial fund—Bedford Funding I—and raised Bedford Funding II in December 2011. Bedford Funding makes investments worldwide from its headquarters in White Plains, New York. For more information, please visit the company’s website at www.bedfordfunding.com.

About Voalte

Voalte develops smartphone alternatives that simplify caregiver communication. As the only company to offer a comprehensive Mobile Communication Strategy, Voalte enables care teams inside and outside the hospital to access and exchange information securely. Voalte customers benefit from a solid smartphone infrastructure that supports their existing systems and expands to accommodate future technologies.

Founded in 2008, Voalte is a privately held company based in Sarasota, Florida. Over 35,000 caregivers use Voalte products every day. For more information, visit voalte.com or follow @Voalte on Twitter.

 

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  • Texting that’s simple and secure.
  • Modern facilities are held back by old communication tools.
  • Internal care coordination is named a top patient safety issue.
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