Technology

Nordic Capital to acquire a majority stake in Sensio, a leading provider of care technology

Published

6 months ago

July 12, 2024

MALSCH, Germany, July 12, 2024 /PRNewswire/ — Nordic Capital has entered into an agreement to acquire a majority share in Sensio to further accelerate the company’s growth, international expansion and to continue enhancing its technology platform and products. Sensio is a leading provider of technology for social care and the investment is made in close partnership with the Company’s management. The previous majority owner since 2018, Longship, will invest alongside Nordic Capital as a significant minority owner.

Sensio is a leading provider in smart monitoring technology for elderly and social care settings in the Nordics, addressing challenges in care for citizens, patients, care personnel and society at large. Today’s societal challenge of an aging population driving an increasing need of care, makes Sensio technology particularly important today and in the future. Sensio is headquartered in Norway and provides its solutions to several hundred care providers and operators across Norway, Sweden, Denmark, and the UK, supporting care for circa 70 000 care recipients through its technology platform.

Since 2014, the company has dedicated itself to providing innovative solutions to care homes and home care providers. The company’s flagship offering, includes leading products such as the Sensio 365 software platform, the integrated Sensio Care wireless nurse call platform and RoomMate, a multisensory monitor for detecting and preventing falls. The platform improves quality of care, including significant reductions in fall incidents, while also generating operational efficiencies that frees up more time for care and reduces costs of care meaningfully for society. Sensio employs circa 200 dedicated individuals and has grown rapidly during the last couple of years on the back of increased implementation of its solutions in the Nordics and UK.

“We are on a mission to help transform the care sector and enable a new way of working through the use of our technology. Partnering with Nordic Capital for our next growth phase will enable us to strengthen our value proposition and extend our offering to more markets and people across Europe. We are equally delighted that Longship will continue to be part of our journey,” said Torbjørn Aamodt, CEO at Sensio.

“We are deeply impressed with the team at Sensio, the company, and the platform they’ve created over the past 10 years. Sensio’s combined solution of software and IoT devices can increase care quality, while freeing up significant resources and drive efficiencies within elderly care. Nordic Capital has strong sub-sector focus areas within healthcare technology and IoT, and is thrilled to offer, expertise, network and capital to fuel Sensio’s next growth phase,” said Erik Otto Nyborg, Managing Director, Nordic Capital Advisors.

“We are incredibly proud of the development in Sensio since our investment in 2018. Sensio’s innovative solutions are making a meaningful impact on the quality of care for the elderly and those in social care settings. We look forward to continuing this journey alongside Nordic Capital, the management team and all the skilled employees of the company, as it continues to expand and meet the growing demands of the healthcare sector,” said Kai Jordahl, Managing Partner, Longship.

The global market for elderly care is transitioning from analog to digital and smarter solutions like mobile-based and wireless nurse call systems and sensors based on AI technology. In many countries, this transition is driven by an aging population, increasing prevalence of dementia, an increased global shortage of care staff, and increasing digital maturity of the social care sector. In light of these trends, Sensio sees great potential for its solutions to support the healthcare system in the face of growing demands and needs.

As a leading tech and healthcare investor with three decades of experience in fostering growth and international expansion, Nordic Capital is primed to support Sensio into the future. Nordic Capital will leverage its sector and operational expertise together within its expert networks to facilitate Sensio’s continued growth. Sensio marks the tenth investment made by Nordic Capital Evolution since 2021. With a committed capital of EUR 1.2 billion, Nordic Capital Evolution targets investments in mid-market growth companies across Northern Europe, applying Nordic Capital’s proven sector model.

Through this transaction Longship will realise the investment from its Fund I and make a new investment from its latest Fund III. Longship will continue to apply their active ownership involvement and will in cooperation with Nordic Capital support the company in the next stage of Nordic and international expansion.

It has been agreed that the terms of the transaction shall not be disclosed. Completion of the transaction is expected in Q3 2024 and is subject to customary regulatory approvals and closing conditions.

Media contacts:
Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com

Longship
Kai Jordahl
Managing Partner
+47 909 82 271
kai.jordahl@longship.no

Sensio
Torbjørn Aamodt
CEO
+47 92026727
torbjorn.aamodt@sensio.no

About Sensio

Sensio is a leading provider of healthcare technology, solving today’s and tomorrow’s care challenges for the benefit of both residents, patients, relatives, healthcare personnel and society. The company offers pioneering software and products such as Sensio365 (IoT Health platform), RoomMate (digital supervision with passive fall notification) and Safemate (mobile safety alarms). Sensio is a Norwegian company that was founded in 2009 and today has several hundred care facility customers in Norway, Sweden, Denmark, Iceland and the UK. Sensio has 200 employees with a strong commitment to creating and implementing sustainable products and services that simplify the everyday life of healthcare personnel, to have #MoreTimeForCare for residents and patients. Sensio owns and develops the products Sensio365, Sensio Care, RoomMate, Safemate, IKOS, Smartvakt, Flexiblink and Vox. www.sensio.io

About Nordic Capital

Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Service & Industrial Tech. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 25 billion in over 145 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. www.nordiccapital.com.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

About Longship

Longship is a Norwegian private equity firm established by a group of experienced investment professionals in 2015. Longship invests in companies with significant growth potential in the Norwegian lower mid-market and are applying a transformational growth approach. Longship manages three funds with a total of approx. NOK 5.2 billion in committed capital. www.longship.no

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Technology

KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

Published

2 hours ago

January 11, 2025

Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

Twitter, LinkedIn

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SOURCE KNEX Technology

Technology

Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

Published

3 hours ago

January 11, 2025

Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

Technology

ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

Published

4 hours ago

January 10, 2025

NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

View original content to download multimedia:https://www.prnewswire.com/news-releases/altice-usa-is-abandoning-local-sports-fans-and-is-keeping-msg-networks-and-its-knicks-rangers-islanders-and-devils-coverage-off-the-air-302348428.html

SOURCE Sphere Entertainment Co.