MedAngel takes away doubts about the effectiveness of medication

MedAngel takes away doubts about the effectiveness of medication

MedAngel takes away doubts about the effectiveness of medication

Digital healthcare startup receives investment from Holland Venture and Oost NL

Apeldoorn/Amsterdam, 13th of July 2018 – Uncertainties regarding the effectiveness of injectable medications is a major concern for millions of patients. There are many factors that can influence the effectiveness of prescription drugs, and potentially cause major health complications. One of these factors is storage temperature at which injectables are kept once dispensed by the pharmacy to the patient. Many drugs can lose their effectiveness when stored outside of the recommended temperature range. MedAngel, based in Nijmegen, ends this insecurity by empowering people to monitor the real-time temperature of their medications. To support the company’s international growth, MedAngel received funding from Holland Venture and Oost NL.

Control your own health
Amin Zayani, founder and director of MedAngel, lives with type 1 diabetes since 2006 and knows how important it is to store and transport his insulin at a proper temperature. Some years ago, he ended up in the emergency room himself when his insulin was frozen in the domestic refrigerator by accident. After this experience he started looking for a solution. When there was no solution available, he founded MedAngel. “No one should ever doubt the effectiveness of their medicine”, according to Zayani.

Grip on daily life
Millions of individuals are dependent on their temperature sensitive medicine, such as people living with diabetes, or rheumatoid arthritis. Drugs that lose their effectiveness when exposed to excessive heat or cold, can lead to life-threatening situations. MedAngel developed a connected sensor, MedAngel ONE, that measures real-time storage temperatures. The measurements are displayed in a smartphone app, which is linked to a database of storage temperatures for over 100 temperature sensitive medications. Every time the temperature approaches or exceeds critical values, the app sends out intuitive alerts and notifications; a radically simple solution to exclude an important risk factor. “MedAngel ONE reduces the worry and insecurity about the effectiveness of medicine and increases patients’ control over their daily life”, adds Zayani. On top of this, using MedAngel ONE ensures that optimal therapeutic outcomes are achieved and saves costs in the healthcare sector as it prevents medical complications and reduces the unnecessary waste of medicine.

International growth
Zayani took part in the Rockstart Digital Health Program, and with investments from private individuals and Oost NL, Zayani was able to develop and launch MedAngel ONE. MedAngel ONE is already being sold through Amazon in Europe and the USA and through the largest pharmacy chain in the USA, CVS. Furthermore, there are distributors in Sweden, France, Canada, Australia and the United Arab Emirates. Zayani: “Now it’s time to move on to the next phase with Holland Venture and Oost NL. Both partners have extensive experience with growing companies in the healthcare and technology sector. We see this investment as a crucial step to achieve commercial success in the USA and Europe.”

About Holland Venture
Over the past 35 years, Holland Venture has invested in more than 130 Dutch SMEs in a responsible and successful manner. With a clear investment strategy, Holland Venture is active in the growth markets of both healthcare and technology. The experienced and involved investment team knows what entrepreneurship is like. With the joint goal of achieving growth, Holland Venture strives for an open, sustainable and professional relationship with the management teams of the companies in which she invests. Holland Venture is supported by a broad network of successful healthcare and technology entrepreneurs.

 

 

 

Avensus Group expands its security activitities by acquiring auditconnect

Avensus Group expands its security activitities by acquiring auditconnect

Avensus Group expands its security activitities by acquiring auditconnect

Amsterdam, 6th of July 2018 – Avensus Group acquires AuditConnect at the beginning of July 2018. The company focusses, with audit- and consultancy-activities, on improving the security- and IT-processes at large and medium-sized companies. The acquisition fits perfectly in the ambitious buy-and-build strategy which Avensus Group, with support of investor Holland Venture, executes in the field of Security and Cloud services. Recently, the acquisition of Managed Services Provider ICT Vision was also realized.

The IT market is currently evolving, many companies are moving their ICT infrastructure from on-premise to the cloud. IT moves from supporting processes to core processes, where vulnerabilities can come to light in organisations. Data is the core of every organisation and securing this is of immense importance. Avensus Group strengthens its clients by removing the IT-complexity and by increasing the security. It is currently market leader in the Benelux in the field of High Grade Security. With its Managed Cloud Services, Avensus Group differentiates by being professional and customer oriented.

Cloud & Security topics
The pillars of Avensus Group are Security and Cloud Solutions. Avensus Group gives interpretation from these pillars in the form of cloud security, malware and data protection, cloud technology and transition. The organisation consists of specialized business units that are flexible and customer oriented, like ICT Vision and now also AuditConnect. With this, the strength of Avensus Group is increased. AuditConnect is expert in the field of IT-audits, privacy and information technology. Specifically, the company focusses on ISO, ISAE, DigiD certification and the implementation of AVG/GDPR.

Both the cloud- and security-transition force companies to focus on information security. “In every organisation, there are vulnerabilities not only in technology, but especially in human actions” says Abram Schermer, managing director of Avensus Group. “Precisely this is the focus of AuditConnect. All our clients need support in this area. The collaboration with AuditConnect strengthens our team.” Mischa van der Vliet, founder and director of AuditConnect adds: “In the collaboration with Avensus Group, AuditConnect gains the opportunity to give its rapid growth a foundation. Over the past years, the demand for our services has greatly increased. Together with Avensus Group, we can come to innovative solutions at which we can further improve the business processes and IT with a larger customer base.”

Growth through buy-and-build
Avensus Group intends to become a versatile IT-partner, at which multiple subsidiaries can be acquired that each focus on their own specific niche market. “With the acquisition of AuditConnect, we further realise our ambition to become market leader in the field of Security & Cloud. Above all, AuditConnect contributes to the positive results of Avensus Group.”, according to Ed Trautig, managing director of Avensus Group. “With this we strengthen our autonomous growth and we come close to realising our ambition to growth to €30 million revenue this year.”

Investment company Holland Venture is (hands-on) involved and offers commercial and strategic support while executing the buy-and-build strategy. “We see that many specialized IT companies are facing organisational challenges because of the growing demand for services and the continuous necessity of innovation. We keep looking for client orientated IT undertakings that would like to join a bigger company.” says Hubert Verbeek, managing partner Holland Venture.

About Avensus
Avensus Group is a specialised service provider in Cloud and security. Within the group, different subsidiaries have a leading role in their own niche market. This approach delivers the strength of a big company together with the expertise and flexibility of a specialist. The Avensus Group will grow this year to a revenue of €30 million based on distinctive services for large and medium-sized organisations, with its goal to grow even more.

About AuditConnect
AuditConnect is expert in the field of IT-audits, privacy and information security. Through its specialisations, the undertaking advises on the ICT quality at clients. Many companies and institutions trust in AuditConnect regarding ISO, ISAE and DigiD certificates. In addition, AuditConnect supports its clients by improving processes regarding privacy and the implementation of AVG/GDPR. The company currently employs approximately 30 employees with its office in Apeldoorn.

About Holland Venture
Over the past 35 years, Holland Venture has invested in more than 130 Dutch SMEs in a responsible and successful manner. With a clear investment strategy, Holland Venture is active in the growth markets of both healthcare and technology. The experienced and involved investment team knows what entrepreneurship is like. With the joint goal of achieving growth, Holland Venture strives for an open, sustainable and professional relationship with the management teams of the companies in which she invests. Holland Venture is supported by a broad network of successful healthcare and technology entrepreneurs.