Agilio Software, a portfolio company of August Equity, has acquired the dental modules business of Inica, its third software acquisition in the past 12 months.
Bath-based Inica’s specialist cloud-based dental software modules are designed as an integrated set of tools for dental practices to manage all aspects of practice operations, while providing a suite of group reporting.
August Equity initially invested in the Agilio Group with the acquisition of Code in 2019, a provider of compliance and HR software for the dental market. In June 2020 Agilio added Isopharm, a provider of online continuous professional development for the dental market and validation and testing software for a broad range of healthcare providers. Earlier this month it completed the acquisition of MyHRtoolkit, a cloud-based HR software provider.
August Equity partner Mike Biddulph said: “The acquisition of Inica’s dental modules further enhances Agilio’s software suite and incorporates next generation technology into their existing platform. This will enable the deployment of Inica’s new services on a much wider scale.”
Christian Dubé, partner at August Equity, added: “Inica’s dental modules are a fantastic fit within the Agilio group practice management offering. Since our original investment into Agilio the team has delivered exceptional growth through expansion of its breadth of services and expansion into new healthcare verticals.”
Agilio Software is led by executive chairman, Dr Sati Sian who has experience in health IT having led global business for more than 20 years. He was previously chief executive at Allocate Software (backed by Hg Capital), a software-as-a-service human resource management company.
Date published: May 18, 2021