DOCRF - CloudMD agrees $14.8M deal for IDYA4

CloudMD Software & Services (DOCRF) has signed a definitive agreement to acquire IDYA4, a leading health technology company focused on data interoperability and cybersecurity based in the United States for $14.8M.Upon closing, the acquisition of IDYA4 will be immediately accretive to CloudMD. From IDYA4’s currently commercialized products, the company expects to achieve an annual revenue growth rate greater than 45%.IDYA4 is focused on the health and wellness sector, and has built a proprietary technology platform that provides improvements in data access, management, security and integration, as well as actively screening and protecting against today’s ever-changing cyber threats.CloudMD had disclosed the signing of the binding agreement of the deal in  December last year. Since then, IDYA4 has closed various new contracts and waiting task orders to be finalized for about $1.5M, the company said.

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CloudMD agrees $14.8M deal for IDYA4