BBI Solutions OEM Ltd, Cardiff, UK, has successfully acquired the remaining shares of its previous joint venture with Novarum DX Ltd, Edinburgh, UK. Novarum DX provides unique software tools that enable users to read and share the results of diagnostic tests using only a smartphone.
Used on four continents, Novarum’s proprietary and patent-protected intellectual property helps users to reduce errors and provides more data to inform professional decisions.
“Pioneering diagnostic companies are already looking at how they can embrace mobile technology, and this investment will enable Novarum and BBI to support a wider range of companies in bringing the benefits of connectivity, accuracy, and convenience to market,” says Neil Polwart, managing director of Novarum DX.
“BBI recognizes that mobile technology will be a significant influence on the diagnostic sector over the next 5 years, and this acquisition will assist BBI to deliver its ambitious growth plans while assisting our customer base to embrace disruptive technology,” says Liam Taylor, BBI Solutions managing director.
Financial terms of the transaction were not disclosed.