Perth investors back Azure Healthcare

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28-May-2012 by Staff reporter

Perth-based technology entrepreneur Nathan Buzza is among a group of investors supporting medical technology business Azure Healthcare, formerly TSV Holdings.

Mr Buzza, a former winner of WA Business News’ 40under40 awards, was the founder of clinical middleware provider CommtechWireless, which was acquired in 2008 by US company Amcom Software.

Azure will use the proceeds to expand its research and development program.

Mr Buzza said he was happy to be a cornerstone investor in the company, which includes the Austco suite of hospital products.

“The Austco business has been operational for over 25 years and has over 6,000 healthcare sites utilising their nursecall systems globally,” he said.

“Coupled with the additional $1.37 million of funding for R&D, with the 45% rebate provided by R&D Tax Incentive, the company is well positioned to capitalise on Clinical Workflow integrations.

ON BOARD: Nathan Buzza (pictured) has teamed up with Azure’s chairman Robert Grey and Rewards Minerals director Michael Ruane to back the company’s $2 million rights issue.

Download the original article : Business News Article June 2012

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