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Albion invests £3.2m into healthcare IT firm

Albion Ventures has led a £3.2 million investment round in healthcare IT firm Exco InTouch.

Scottish Equity Partners also participated in the round and remain Exco InTouch’s largest shareholder.

Exco InTouch provides mobile and digital services to pharmaceutical companies that engage and collect information from patients in clinical trial and real-life settings.

Commenting on the investment, Albion Ventures partner Andrew Elder (pictured) praised Exco InTouch for having “an experienced executive team with an impressive track record” and “a strong competitive advantage in a fast growing sector”.

He added: “Globally, one-in-five patients suffers with chronic long term conditions and it is clear that providers need to deliver care more efficiently if healthcare is to remain affordable. Exco’s impressive client base underlines its proven ability to help healthcare providers and pharmaceutical companies overcome this complex challenge.”

Founded in 2004 by chief executive Tim Davis, Exco InTouch is based in Nottingham and has around 75 staff with sales offices in the US and Canada.

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Posted on: 11/12/2014

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